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Certik$1,229,269,710
$370,528,195
$43,972,893
1,044,853,133 FRAX
314,941,093 FRAX
Frax FRAX Frax (FRAX) Chart
Frax (FRAX) Return On Investment(ROI)
Frax (FRAX) Token Price Now
Frax price today is $1.18 with a 24-hour trading volume of $43,972,893. FRAX price is up 40.78% in the last 24 hours. It has a circulating supply of 1.04Bil FRAX tokens and a total supply of 314.94Mil.
In order to search for real-time and historical information about Frax (FRAX) blockchain, including data related to blocks, transactions, addresses, and more, you may use Frax (FRAX) block explorers. Here are some of the most popular and useful Frax (FRAX) blockchain explorers out there:
- fraxscan.com
- etherscan.io
- ftmscan.com
- avascan.info
- moonriver.moonscan.io
- polygonscan.com
- solscan.io
- bscscan.com
What Is Frax(FRAX)?
Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.
Frax is a new paradigm in stablecoin design. It brings together familiar concepts into a never before seen protocol:
- Fractional-Algorithmic – Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. This means FRAX is the first stablecoin to have part of its supply floating/unbacked. The stablecoin (FRAX) is named after the "fractional-algorithmic" stability mechanism. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.
- Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.
- Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.
- Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.
- Crypto Native CPI – Frax's end vision is to build the first crypto native version of the CPI called the Frax Price Index (FPI) governed by FXS holders (and other protocol tokens). FRAX is currently pegged to USD but aspires to become the first decentralized, permissionless native unit of account which holds standard of living stable.
Where Can You Buy Frax(FRAX)?
Investing in Frax can seem complicated, but it is much easier when you buy Frax through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Frax — both for fiat money and other cryptocurrencies. Some of the most popular Frax cryptocurrency exchange are:
Frax (FRAX) Community
- Twitter: https://twitter.com/fraxfinance
- Telegram: https://t.me/fraxfinance
What is Frax (FRAX) Contracts address?
- Ethereum: 0x853d955acef822db058eb8505911ed77f175b99e
- BNB Chain(BEP20): 0x90C97F71E18723b0Cf0dfa30ee176Ab653E89F40
- Solana: FR87nWEUxVgerFGhZM8Y4AggKGLnaXswr1Pd8wZ4kZcp
- Polygon: 0x45c32fA6DF82ead1e2EF74d17b76547EDdFaFF89
- Fantom: 0xaf319E5789945197e365E7f7fbFc56B130523B33
- Avalanche C-Chain: 0xDC42728B0eA910349ed3c6e1c9Dc06b5FB591f98
- Moonriver(ERC20): 0x1a93b23281cc1cde4c4741353f3064709a16197d
Frax FAQ
What is the price of Frax token?
The current Frax usd price is $1.18. We update the Frax USD price in real time. Get live prices of Frax on different cryptocurrency exchanges around the world on Coincarp.
Is Frax token a good investment?
It depends on your personal risk tolerance and investment goals. Frax is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Frax investing, you will also need to understand the Frax project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Frax investing are by participating in Spot, Perpetual, ETF/Leveraged trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Frax token token?
You can buy Frax from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Frax. Cryptocurrency exchanges that currently support Frax trading include:
If there is any error, please feedback to us, our email is [email protected]. Please be aware that buying and selling Frax involves high risks.You should always do your own research and make sure you understand the risks associated with Frax trading before you begin.
How to short Frax token?
The easiest way to short Frax is through margin trading, usually with Perpetual contracts, Futures contracts, ETF/Leveraged. Only a few cryptocurrency trading platforms allows short selling due to the considerable risk involved in this type of trading.
To start shorting Frax, open a margin account, provide some collateral for your short position, borrow some coins from the trading platform, and start short selling. Keep in mind that shorting Frax or any other cryptocurrency is high-risk. Exchanges that currently support shorting Frax are:
What will Frax token be worth in 5 years?
It is impossible to predict what Frax will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Frax's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Frax 5 years from now.
FRAX Price Statistics
Frax Price
$1.18
Price Change24h
$0.3407 40.78%
24h Low / 24h High
$0.7617 / $1.31
Trading Volume 24h
$43,972,893
Volume/Market cap (24h)
3.58%
Market Dominance
0.03%
Market Rank
#56
Market Cap
$1,229,269,710
Fully Diluted Market Cap
$370,528,195
7d Low / 7d High
$0.5374 / $1.47
30d Low / 30d High
$0.4829 / $1.47
90d Low / 90d High
$0.4829 / $1.57
52 Week Low / 52 Week High
$0.4001 / $4.09
All Time High
$4.09
All Time Low
$0.4001
