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Frax

Frax FRAX

token
Frax Price (FRAX)
$0.9904
0.36% Buy FRAX

0.0005 ETH

0.0000368 BTC

Low: $0.9845
High: $0.9977
24h
Market Cap
$994,480,718
0.36%
Fully Diluted Market Cap
$1,034,800,760
0.36%
Volume
24h
$813,077
36.08%
Volume / Market Cap
0.0008
Circulating Supply
1,004,141,409 FRAX
Max Supply
--
Total Supply
1,044,853,133
Frax FRAX
Price: $0.9904
0.36% Buy FRAX
Price: $1
0.36%
Buy FRAX
stablecoin that is built on the Frax protocol. The protocol is an open-source permissionless project that runs on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum network. The Frax protocol aims to replace digital assets that have a fixed supply, with a highly scalable algorithmic currency.<\/p>\r\n<p>The main features of the Frax crypto project include:<\/p>\r\n<ul>\r\n<li><strong>Dual-token system<\/strong>. There are two tokens that run on the protocol &ndash; FRAX and FXS. FRAX, as you already know, is a stablecoin. FXS, on the other, is the governance token of the protocol that helps to generate income from fees, seigniorage, and extra collateral value. Since 2020, FXS tokens can be locked to generate veFXS for bigger boosts, unique governance privileges, and other system advantages;<\/li>\r\n<li><strong>Run by the community<\/strong>. Frax is a community-governed protocol that places a strong emphasis on an algorithmic approach that has no active management;<\/li>\r\n<li>Frax utilizes <strong>Uniswap and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-chainlink-link/">Chainlink oracles<\/strong>. The FXS and FRAX prices, as well as the amount of collateral, are taken from Uniswap, as the Chainlink oracle provides the accurate USD rate (taking the average price of a pair). This computation mechanism makes FRAX more stable when compared to the dollar.<\/li>\r\n<\/ul>\r\n<h3>The Founders of the Frax Protocol<\/h3>\r\n<p>In 2019, software developer Sam Kazemian came up with a unique idea for a fractional-algorithmic stablecoin. <strong>The idea was born from the fact that most projects with the algorithmic monetary policy were prone to fail<\/strong>. Thus, he decided to combine algorithmic monetary policy with collateralization to try and solve this issue.<\/p>\r\n<p>Engineers Travis Moore and Jason Huan helped him realize the idea, which resulted in the creation of the first fractional-algorithmic stablecoin.<\/p>\r\n<h2>What Is FRAX?<\/h2>\r\n<p>In essence, FRAX is a stablecoin, which means that it manages to keep its price stable even when the crypto market fluctuates. One FRAX is pegged to $1 at a 1:1 rate.<\/p>\r\n<p>However, FRAX is a unique type of stablecoin because one part of its supply is algorithmic, while the other is backed by collateral. <strong>The FRAX price on the market determines the proportion of collateralized and algorithmic supply<\/strong>. The Frax protocol has built-in swap capabilities that enable buyback and recollateralization which are used to control the amount of collateral.<\/p>\r\n<p>For instance, the amount of collateral backing is increased once the FRAX price drops below $1. However, once the FRAX price rises above $1, the collateral backing is decreased.<\/p>\r\n<p>Even though any cryptocurrency can serve as collateral according to the FRAX protocol's design, its first iteration primarily takes on-chain stablecoins as payment. This lowers the collateral's volatility and facilitates a seamless transition to greater algorithmic ratios.<\/p>\r\n<p><strong>Frax has a pool contract<\/strong>, which is dedicated to storing USDC as collateral. The ecosystem's governance allows for the addition and deletion of pools. More volatile cryptocurrencies can be added to the governance pool as the Frax system develops.<\/p>\r\n<p>Since FRAX is a stablecoin, its supply is dynamic. It changes in order to maintain the FRAX price pegged to $1. Contrarily, there is no inflation schedule in the protocol for FXS tokens, which have a fixed supply of 100 million tokens.<\/p>\r\n<h2>FRAX Minting<\/h2>\r\n<p>By adding the right quantity of its component pieces to the system, FRAX stablecoins can be <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-minting/">minted. Since FRAX was fully collateralized from its inception, minting it just required putting collateral into the minting contract. During the fractional phase, on the other hand, the right amount of collateral had to be put down. Besides that, the right amount of FXS had to be burned in order to mint FRAX.<\/p>\r\n<p>Arbitragers can strike a balance between the supply and demand of FRAX in the open market by minting and redeeming FRAX from the system for $1. <strong>A user must constantly input $1 into the system in order to mint new FRAX<\/strong>.<\/p>\r\n<p>If the market price is higher than the price objective of $1, there is a potential for arbitrage to mint tokens by adding $1 in value to each FRAX and selling the tokens for more than $1 on the open market. If the FRAX price is less than $1, on the other hand, there is an opportunity for arbitrage to redeem FRAX tokens by buying them at a lower price on the open market and redeeming them for $1 of value from the system.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/frax-frax-price","crypto_currency_info":{"id":1133,"crypto_currency_id":1215,"description":"Frax (FRAX) is a cryptocurrency and operates on the Ethereum platform. 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what about PR and marketing?\",\"author\":\"Hatred_grows\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/zdjb8x\\\/is_any_frax_roadmap_for_2023_what_about_pr_and\\\/\",\"created_at\":\"2022-12-05 20:53:48\",\"icons\":[]},{\"title\":\"FRAX collateral mix\",\"author\":\"borderfox100\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/yg047w\\\/frax_collateral_mix\\\/\",\"created_at\":\"2022-10-28 20:46:50\",\"icons\":[]},{\"title\":\"Borrowing USDC with FXS: A Guide\",\"author\":\"crypto-konstantin\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/xi68dj\\\/borrowing_usdc_with_fxs_a_guide\\\/\",\"created_at\":\"2022-09-19 08:39:07\",\"icons\":[]},{\"title\":\"FRAX vault (autocompounding) launched on Moonriver #SAFU #NoIL\",\"author\":\"nero13rd\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/wnyh74\\\/frax_vault_autocompounding_launched_on_moonriver\\\/\",\"created_at\":\"2022-08-14 05:29:12\",\"icons\":[]},{\"title\":\"Censorship on USDC a risk for FRAX?\",\"author\":\"borderfox100\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/wku4x2\\\/censorship_on_usdc_a_risk_for_frax\\\/\",\"created_at\":\"2022-08-10 10:40:24\",\"icons\":[]},{\"title\":\"FRAX: L2's and Alt-L1's\",\"author\":\"akhiladler\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/vf02ij\\\/frax_l2s_and_altl1s\\\/\",\"created_at\":\"2022-06-18 06:26:54\",\"icons\":[]},{\"title\":\"Sushi\\\/Frax LP rewards\",\"author\":\"Nomadamador\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/uaj1fd\\\/sushifrax_lp_rewards\\\/\",\"created_at\":\"2022-04-24 00:49:05\",\"icons\":[]},{\"title\":\"FraxFinance &amp; Stablecoins linked to inflation\",\"author\":\"BenDoverR8Now\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u7fbq4\\\/fraxfinance_stablecoins_linked_to_inflation\\\/\",\"created_at\":\"2022-04-19 20:57:23\",\"icons\":[]},{\"title\":\"Stakin Fxs\",\"author\":\"Impressive-Cup-707\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u5ulwg\\\/stakin_fxs\\\/\",\"created_at\":\"2022-04-17 19:45:07\",\"icons\":[]},{\"title\":\"Fxs and Fpis...stake it?\",\"author\":\"anxietyokra\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u33xqj\\\/fxs_and_fpisstake_it\\\/\",\"created_at\":\"2022-04-13 23:51:24\",\"icons\":[]},{\"title\":\"$FPIS airdrop is live\",\"author\":\"windetour\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u0l7n9\\\/fpis_airdrop_is_live\\\/\",\"created_at\":\"2022-04-10 16:31:27\",\"icons\":[]},{\"title\":\"Best stable strategy starting from USDC (Matic network)\",\"author\":\"richyboycaldo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/tv13f4\\\/best_stable_strategy_starting_from_usdc_matic\\\/\",\"created_at\":\"2022-04-03 04:40:37\",\"icons\":[]},{\"title\":\"cvxFXS or veFXS?\",\"author\":\"[deleted]\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/tpdo2o\\\/cvxfxs_or_vefxs\\\/\",\"created_at\":\"2022-03-27 05:53:11\",\"icons\":[]},{\"title\":\"Frax Share (wormhole) on solona\",\"author\":\"Thebeav53\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/tgq8ju\\\/frax_share_wormhole_on_solona\\\/\",\"created_at\":\"2022-03-18 01:49:10\",\"icons\":[]},{\"title\":\"Stablecoin Supply Overview\",\"author\":\"messaricrypto\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/t52pxf\\\/stablecoin_supply_overview\\\/\",\"created_at\":\"2022-03-02 15:34:55\",\"icons\":[]},{\"title\":\"https:\\\/\\\/www.youtube.com\\\/watch?v=Sk_52aI_W1M\",\"author\":\"filooxx\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/ssjrke\\\/httpswwwyoutubecomwatchvsk_52ai_w1m\\\/\",\"created_at\":\"2022-02-14 19:59:21\",\"icons\":[]},{\"title\":\"FPI airdrop snapshot scheduled for the 20th!\",\"author\":\"windetour\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/sqwwjh\\\/fpi_airdrop_snapshot_scheduled_for_the_20th\\\/\",\"created_at\":\"2022-02-12 17:44:45\",\"icons\":[]},{\"title\":\"Beefy\\u2019s getting into the #spirit to keep this big week going. How about another new @Spirit_Swap vault to get through the weekend? \\u2705 $FRAX - $FTM LP: 101% APY\",\"author\":\"The-Beefy-Cow\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/sl828v\\\/beefys_getting_into_the_spirit_to_keep_this_big\\\/\",\"created_at\":\"2022-02-05 14:22:15\",\"icons\":[]},{\"title\":\"Cant farm rewards\",\"author\":\"JKKOREA\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/s6v5ey\\\/cant_farm_rewards\\\/\",\"created_at\":\"2022-01-18 11:12:09\",\"icons\":[]},{\"title\":\"Huge announcement!!! Two new Frax farms opened up on Padswap.\",\"author\":\"[deleted]\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/ry3ok5\\\/huge_announcement_two_new_frax_farms_opened_up_on\\\/\",\"created_at\":\"2022-01-07 09:35:55\",\"icons\":[]},{\"title\":\"Exciting News!!! Rome can now be farmed on Padswap via Rome - Frax LP pair.\",\"author\":\"angel_m_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/ry799r\\\/exciting_news_rome_can_now_be_farmed_on_padswap\\\/\",\"created_at\":\"2022-01-07 13:22:33\",\"icons\":[]},{\"title\":\"What to do with FRAX token apart from selling?\",\"author\":\"VikingsCap\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/rtfxx2\\\/what_to_do_with_frax_token_apart_from_selling\\\/\",\"created_at\":\"2022-01-01 09:26:58\",\"icons\":[]},{\"title\":\"MIM &amp; FRAX on Beefy\\u2019s Moonriver Network. Get onboard now \\ud83c\\udfde\",\"author\":\"The-Beefy-Cow\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/rs4pup\\\/mim_frax_on_beefys_moonriver_network_get_onboard\\\/\",\"created_at\":\"2021-12-30 15:44:59\",\"icons\":[]},{\"title\":\"Can someone explain what ETH2X is?\",\"author\":\"The-Beefy-Cow\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/rj6w82\\\/can_someone_explain_what_eth2x_is\\\/\",\"created_at\":\"2021-12-18 12:52:03\",\"icons\":[]}]}","github":"{\"public_repos\":36,\"bio\":null,\"type\":\"Organization\",\"username\":\"fraxfinance\",\"user_link\":\"https:\\\/\\\/github.com\\\/fraxfinance\",\"created_at\":\"2019-09-30 00:00:00\"}","telegram":"{\"title\":\"Frax Finance\",\"description\":\"The official Telegram group for Frax, the world\\u2019s first fractional-algorithmic stablecoin protocol. https:\\\/\\\/frax.finance\\\/\\n\\ncodebase: https:\\\/\\\/github.com\\\/fraxfinance\\ntwitter: https:\\\/\\\/twitter.com\\\/fraxfinance\\nnews: @fraxfinancenews\\ntrading: @fraxtrading\",\"chat_id\":\"@fraxfinance\",\"member_count\":15201}","domain":"{\"domain_rating\":68,\"ahrefs_top\":135522,\"traffic\":2285.2094217972517,\"website\":\"https:\\\/\\\/frax.finance\"}"},"buy_page":null,"halving_page":null}" :fiat-currency=""USD"">
stablecoin that is built on the Frax protocol. The protocol is an open-source permissionless project that runs on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum network. The Frax protocol aims to replace digital assets that have a fixed supply, with a highly scalable algorithmic currency.<\/p>\r\n<p>The main features of the Frax crypto project include:<\/p>\r\n<ul>\r\n<li><strong>Dual-token system<\/strong>. There are two tokens that run on the protocol &ndash; FRAX and FXS. FRAX, as you already know, is a stablecoin. FXS, on the other, is the governance token of the protocol that helps to generate income from fees, seigniorage, and extra collateral value. Since 2020, FXS tokens can be locked to generate veFXS for bigger boosts, unique governance privileges, and other system advantages;<\/li>\r\n<li><strong>Run by the community<\/strong>. Frax is a community-governed protocol that places a strong emphasis on an algorithmic approach that has no active management;<\/li>\r\n<li>Frax utilizes <strong>Uniswap and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-chainlink-link/">Chainlink oracles<\/strong>. The FXS and FRAX prices, as well as the amount of collateral, are taken from Uniswap, as the Chainlink oracle provides the accurate USD rate (taking the average price of a pair). This computation mechanism makes FRAX more stable when compared to the dollar.<\/li>\r\n<\/ul>\r\n<h3>The Founders of the Frax Protocol<\/h3>\r\n<p>In 2019, software developer Sam Kazemian came up with a unique idea for a fractional-algorithmic stablecoin. <strong>The idea was born from the fact that most projects with the algorithmic monetary policy were prone to fail<\/strong>. Thus, he decided to combine algorithmic monetary policy with collateralization to try and solve this issue.<\/p>\r\n<p>Engineers Travis Moore and Jason Huan helped him realize the idea, which resulted in the creation of the first fractional-algorithmic stablecoin.<\/p>\r\n<h2>What Is FRAX?<\/h2>\r\n<p>In essence, FRAX is a stablecoin, which means that it manages to keep its price stable even when the crypto market fluctuates. One FRAX is pegged to $1 at a 1:1 rate.<\/p>\r\n<p>However, FRAX is a unique type of stablecoin because one part of its supply is algorithmic, while the other is backed by collateral. <strong>The FRAX price on the market determines the proportion of collateralized and algorithmic supply<\/strong>. The Frax protocol has built-in swap capabilities that enable buyback and recollateralization which are used to control the amount of collateral.<\/p>\r\n<p>For instance, the amount of collateral backing is increased once the FRAX price drops below $1. However, once the FRAX price rises above $1, the collateral backing is decreased.<\/p>\r\n<p>Even though any cryptocurrency can serve as collateral according to the FRAX protocol's design, its first iteration primarily takes on-chain stablecoins as payment. This lowers the collateral's volatility and facilitates a seamless transition to greater algorithmic ratios.<\/p>\r\n<p><strong>Frax has a pool contract<\/strong>, which is dedicated to storing USDC as collateral. The ecosystem's governance allows for the addition and deletion of pools. More volatile cryptocurrencies can be added to the governance pool as the Frax system develops.<\/p>\r\n<p>Since FRAX is a stablecoin, its supply is dynamic. It changes in order to maintain the FRAX price pegged to $1. Contrarily, there is no inflation schedule in the protocol for FXS tokens, which have a fixed supply of 100 million tokens.<\/p>\r\n<h2>FRAX Minting<\/h2>\r\n<p>By adding the right quantity of its component pieces to the system, FRAX stablecoins can be <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-minting/">minted. Since FRAX was fully collateralized from its inception, minting it just required putting collateral into the minting contract. During the fractional phase, on the other hand, the right amount of collateral had to be put down. Besides that, the right amount of FXS had to be burned in order to mint FRAX.<\/p>\r\n<p>Arbitragers can strike a balance between the supply and demand of FRAX in the open market by minting and redeeming FRAX from the system for $1. <strong>A user must constantly input $1 into the system in order to mint new FRAX<\/strong>.<\/p>\r\n<p>If the market price is higher than the price objective of $1, there is a potential for arbitrage to mint tokens by adding $1 in value to each FRAX and selling the tokens for more than $1 on the open market. If the FRAX price is less than $1, on the other hand, there is an opportunity for arbitrage to redeem FRAX tokens by buying them at a lower price on the open market and redeeming them for $1 of value from the system.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/frax-frax-price","crypto_currency_info":{"id":1133,"crypto_currency_id":1215,"description":"Frax (FRAX) is a cryptocurrency and operates on the Ethereum platform. Frax has a current supply of 2,791,591,604.006492. The last known price of Frax is 1.00011572 USD and is up 0.10 over the last 24 hours. It is currently trading on 113 active market(s) with $33,153,236.71 traded over the last 24 hours. More information can be found at https:\/\/frax.finance\/#welcome.","tags":"[\"defi\",\"stablecoin\",\"seigniorage\",\"avalanche-ecosystem\",\"polygon-ecosystem\",\"fantom-ecosystem\",\"arbitrum-ecosytem\",\"moonriver-ecosystem\"]","platform":"{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x853d955acef822db058eb8505911ed77f175b99e\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/6952.png","original_links":"{\"website\":[\"https:\\\/\\\/frax.finance\\\/#welcome\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/fraxfinance\"],\"message_board\":[],\"chat\":[\"https:\\\/\\\/t.me\\\/fraxfinance\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x853d955acef822db058eb8505911ed77f175b99e\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x90C97F71E18723b0Cf0dfa30ee176Ab653E89F40\",\"https:\\\/\\\/ftmscan.com\\\/token\\\/0xaf319E5789945197e365E7f7fbFc56B130523B33\",\"https:\\\/\\\/avascan.info\\\/blockchain\\\/c\\\/token\\\/0xDC42728B0eA910349ed3c6e1c9Dc06b5FB591f98\",\"https:\\\/\\\/moonscan.io\\\/token\\\/0x1a93b23281cc1cde4c4741353f3064709a16197d\"],\"reddit\":[],\"technical_doc\":[\"https:\\\/\\\/frax.finance\\\/whitepaper\\\/\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/fraxfinance\"],\"announcement\":[]}","links":"{\"website\":{\"frax.finance\":\"https:\\\/\\\/frax.finance\\\/#welcome\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/fraxfinance\",\"reddit.com\":\"https:\\\/\\\/www.reddit.com\\\/r\\\/fraxfinance\\\/\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/fraxfinance\"},\"explorer\":{\"etherscan.io\":\"https:\\\/\\\/etherscan.io\\\/token\\\/0x853d955acef822db058eb8505911ed77f175b99e\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0x90C97F71E18723b0Cf0dfa30ee176Ab653E89F40\",\"ftmscan.com\":\"https:\\\/\\\/ftmscan.com\\\/token\\\/0xaf319E5789945197e365E7f7fbFc56B130523B33\",\"avascan.info\":\"https:\\\/\\\/avascan.info\\\/blockchain\\\/c\\\/token\\\/0xDC42728B0eA910349ed3c6e1c9Dc06b5FB591f98\",\"moonscan.io\":\"https:\\\/\\\/moonscan.io\\\/token\\\/0x1a93b23281cc1cde4c4741353f3064709a16197d\"},\"technical_doc\":\"https:\\\/\\\/frax.finance\\\/whitepaper\\\/\",\"source_code\":\"https:\\\/\\\/github.com\\\/fraxfinance\"}","data":"{\"id\":6952,\"name\":\"Frax\",\"symbol\":\"FRAX\",\"category\":\"token\",\"description\":\"Frax (FRAX) is a cryptocurrency and operates on the Ethereum platform. Frax has a current supply of 2,791,591,604.006492. The last known price of Frax is 1.00011572 USD and is up 0.10 over the last 24 hours. It is currently trading on 113 active market(s) with $33,153,236.71 traded over the last 24 hours. More information can be found at https:\\\/\\\/frax.finance\\\/#welcome.\",\"slug\":\"frax\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/6952.png\",\"subreddit\":\"\",\"notice\":\"\",\"tags\":[\"defi\",\"stablecoin\",\"seigniorage\",\"avalanche-ecosystem\",\"polygon-ecosystem\",\"fantom-ecosystem\",\"arbitrum-ecosytem\",\"moonriver-ecosystem\"],\"tag-names\":[\"DeFi\",\"Stablecoin\",\"Seigniorage\",\"Avalanche Ecosystem\",\"Polygon Ecosystem\",\"Fantom Ecosystem\",\"Arbitrum Ecosystem\",\"Moonriver Ecosystem\"],\"tag-groups\":[\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"PLATFORM\",\"PLATFORM\",\"PLATFORM\",\"PLATFORM\",\"CATEGORY\"],\"urls\":{\"website\":[\"https:\\\/\\\/frax.finance\\\/#welcome\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/fraxfinance\"],\"message_board\":[],\"chat\":[\"https:\\\/\\\/t.me\\\/fraxfinance\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0x853d955acef822db058eb8505911ed77f175b99e\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x90C97F71E18723b0Cf0dfa30ee176Ab653E89F40\",\"https:\\\/\\\/ftmscan.com\\\/token\\\/0xaf319E5789945197e365E7f7fbFc56B130523B33\",\"https:\\\/\\\/avascan.info\\\/blockchain\\\/c\\\/token\\\/0xDC42728B0eA910349ed3c6e1c9Dc06b5FB591f98\",\"https:\\\/\\\/moonscan.io\\\/token\\\/0x1a93b23281cc1cde4c4741353f3064709a16197d\"],\"reddit\":[],\"technical_doc\":[\"https:\\\/\\\/frax.finance\\\/whitepaper\\\/\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/fraxfinance\"],\"announcement\":[]},\"platform\":{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0x853d955acef822db058eb8505911ed77f175b99e\"},\"date_added\":\"2020-09-08T00:00:00.000Z\",\"twitter_username\":\"fraxfinance\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x853d955acef822db058eb8505911ed77f175b99e\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}},{\"contract_address\":\"0xaf319E5789945197e365E7f7fbFc56B130523B33\",\"platform\":{\"name\":\"Fantom\",\"coin\":{\"id\":\"3513\",\"name\":\"Fantom\",\"symbol\":\"FTM\",\"slug\":\"fantom\"}}},{\"contract_address\":\"0xDC42728B0eA910349ed3c6e1c9Dc06b5FB591f98\",\"platform\":{\"name\":\"Avalanche C-Chain\",\"coin\":{\"id\":\"5805\",\"name\":\"Avalanche\",\"symbol\":\"AVAX\",\"slug\":\"avalanche\"}}},{\"contract_address\":\"0x1a93b23281cc1cde4c4741353f3064709a16197d\",\"platform\":{\"name\":\"Moonriver\",\"coin\":{\"id\":\"9285\",\"name\":\"Moonriver\",\"symbol\":\"MOVR\",\"slug\":\"moonriver\"}}},{\"contract_address\":\"0x45c32fA6DF82ead1e2EF74d17b76547EDdFaFF89\",\"platform\":{\"name\":\"Polygon\",\"coin\":{\"id\":\"3890\",\"name\":\"Polygon\",\"symbol\":\"MATIC\",\"slug\":\"polygon\"}}},{\"contract_address\":\"FR87nWEUxVgerFGhZM8Y4AggKGLnaXswr1Pd8wZ4kZcp\",\"platform\":{\"name\":\"Solana\",\"coin\":{\"id\":\"5426\",\"name\":\"Solana\",\"symbol\":\"SOL\",\"slug\":\"solana\"}}},{\"contract_address\":\"0x90C97F71E18723b0Cf0dfa30ee176Ab653E89F40\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:29.000000Z","updated_at":"2023-05-18T14:34:14.000000Z"},"crypto_currency_social":{"id":1184,"crypto_currency_id":1215,"twitter":"{\"name\":\"Frax Finance (\\u00a4, \\u00a4) \\ud83e\\udd87\\ud83d\\udd0a\",\"username\":\"@fraxfinance\",\"follower_count\":72267,\"following_count\":177,\"tweet_count\":1592,\"created_at\":\"2019-05-02 00:00:00\"}","reddit":"{\"subscribers\":236,\"description\":\"The ONLY subreddit for Frax, the world's first fractional-algorithmic stablecoin. twitter: @fraxfinance telegram: @fraxfinance\",\"created_at\":\"2020-08-30 00:00:00\",\"subreddit_type\":\"restricted\",\"subreddit_name\":\"r\\\/fraxfinance\",\"moderators\":1,\"hot\":[{\"title\":\"r\\\/fraxfinance Lounge\",\"author\":\"DOGECOlN\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/ij4896\\\/rfraxfinance_lounge\\\/\",\"created_at\":\"2020-08-30 01:21:51\",\"icons\":[]},{\"title\":\"FRAX - Stablecoin Summit Highlight [w\\\/Shade]\",\"author\":\"LethalExiles\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/zefk41\\\/frax_stablecoin_summit_highlight_wshade\\\/\",\"created_at\":\"2022-12-06 19:27:42\",\"icons\":[]},{\"title\":\"is any frax roadmap for 2023? what about PR and marketing?\",\"author\":\"Hatred_grows\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/zdjb8x\\\/is_any_frax_roadmap_for_2023_what_about_pr_and\\\/\",\"created_at\":\"2022-12-05 20:53:48\",\"icons\":[]},{\"title\":\"FRAX collateral mix\",\"author\":\"borderfox100\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/yg047w\\\/frax_collateral_mix\\\/\",\"created_at\":\"2022-10-28 20:46:50\",\"icons\":[]},{\"title\":\"Borrowing USDC with FXS: A Guide\",\"author\":\"crypto-konstantin\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/xi68dj\\\/borrowing_usdc_with_fxs_a_guide\\\/\",\"created_at\":\"2022-09-19 08:39:07\",\"icons\":[]},{\"title\":\"FRAX vault (autocompounding) launched on Moonriver #SAFU #NoIL\",\"author\":\"nero13rd\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/wnyh74\\\/frax_vault_autocompounding_launched_on_moonriver\\\/\",\"created_at\":\"2022-08-14 05:29:12\",\"icons\":[]},{\"title\":\"Censorship on USDC a risk for FRAX?\",\"author\":\"borderfox100\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/wku4x2\\\/censorship_on_usdc_a_risk_for_frax\\\/\",\"created_at\":\"2022-08-10 10:40:24\",\"icons\":[]},{\"title\":\"FRAX: L2's and Alt-L1's\",\"author\":\"akhiladler\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/vf02ij\\\/frax_l2s_and_altl1s\\\/\",\"created_at\":\"2022-06-18 06:26:54\",\"icons\":[]},{\"title\":\"Sushi\\\/Frax LP rewards\",\"author\":\"Nomadamador\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/uaj1fd\\\/sushifrax_lp_rewards\\\/\",\"created_at\":\"2022-04-24 00:49:05\",\"icons\":[]},{\"title\":\"FraxFinance &amp; Stablecoins linked to inflation\",\"author\":\"BenDoverR8Now\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u7fbq4\\\/fraxfinance_stablecoins_linked_to_inflation\\\/\",\"created_at\":\"2022-04-19 20:57:23\",\"icons\":[]},{\"title\":\"Stakin Fxs\",\"author\":\"Impressive-Cup-707\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u5ulwg\\\/stakin_fxs\\\/\",\"created_at\":\"2022-04-17 19:45:07\",\"icons\":[]},{\"title\":\"Fxs and Fpis...stake it?\",\"author\":\"anxietyokra\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u33xqj\\\/fxs_and_fpisstake_it\\\/\",\"created_at\":\"2022-04-13 23:51:24\",\"icons\":[]},{\"title\":\"$FPIS airdrop is live\",\"author\":\"windetour\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/u0l7n9\\\/fpis_airdrop_is_live\\\/\",\"created_at\":\"2022-04-10 16:31:27\",\"icons\":[]},{\"title\":\"Best stable strategy starting from USDC (Matic network)\",\"author\":\"richyboycaldo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/tv13f4\\\/best_stable_strategy_starting_from_usdc_matic\\\/\",\"created_at\":\"2022-04-03 04:40:37\",\"icons\":[]},{\"title\":\"cvxFXS or veFXS?\",\"author\":\"[deleted]\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/tpdo2o\\\/cvxfxs_or_vefxs\\\/\",\"created_at\":\"2022-03-27 05:53:11\",\"icons\":[]},{\"title\":\"Frax Share (wormhole) on solona\",\"author\":\"Thebeav53\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/tgq8ju\\\/frax_share_wormhole_on_solona\\\/\",\"created_at\":\"2022-03-18 01:49:10\",\"icons\":[]},{\"title\":\"Stablecoin Supply Overview\",\"author\":\"messaricrypto\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/t52pxf\\\/stablecoin_supply_overview\\\/\",\"created_at\":\"2022-03-02 15:34:55\",\"icons\":[]},{\"title\":\"https:\\\/\\\/www.youtube.com\\\/watch?v=Sk_52aI_W1M\",\"author\":\"filooxx\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/ssjrke\\\/httpswwwyoutubecomwatchvsk_52ai_w1m\\\/\",\"created_at\":\"2022-02-14 19:59:21\",\"icons\":[]},{\"title\":\"FPI airdrop snapshot scheduled for the 20th!\",\"author\":\"windetour\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/sqwwjh\\\/fpi_airdrop_snapshot_scheduled_for_the_20th\\\/\",\"created_at\":\"2022-02-12 17:44:45\",\"icons\":[]},{\"title\":\"Beefy\\u2019s getting into the #spirit to keep this big week going. How about another new @Spirit_Swap vault to get through the weekend? \\u2705 $FRAX - $FTM LP: 101% APY\",\"author\":\"The-Beefy-Cow\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/sl828v\\\/beefys_getting_into_the_spirit_to_keep_this_big\\\/\",\"created_at\":\"2022-02-05 14:22:15\",\"icons\":[]},{\"title\":\"Cant farm rewards\",\"author\":\"JKKOREA\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/s6v5ey\\\/cant_farm_rewards\\\/\",\"created_at\":\"2022-01-18 11:12:09\",\"icons\":[]},{\"title\":\"Huge announcement!!! Two new Frax farms opened up on Padswap.\",\"author\":\"[deleted]\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/ry3ok5\\\/huge_announcement_two_new_frax_farms_opened_up_on\\\/\",\"created_at\":\"2022-01-07 09:35:55\",\"icons\":[]},{\"title\":\"Exciting News!!! Rome can now be farmed on Padswap via Rome - Frax LP pair.\",\"author\":\"angel_m_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/ry799r\\\/exciting_news_rome_can_now_be_farmed_on_padswap\\\/\",\"created_at\":\"2022-01-07 13:22:33\",\"icons\":[]},{\"title\":\"What to do with FRAX token apart from selling?\",\"author\":\"VikingsCap\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/rtfxx2\\\/what_to_do_with_frax_token_apart_from_selling\\\/\",\"created_at\":\"2022-01-01 09:26:58\",\"icons\":[]},{\"title\":\"MIM &amp; FRAX on Beefy\\u2019s Moonriver Network. Get onboard now \\ud83c\\udfde\",\"author\":\"The-Beefy-Cow\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/rs4pup\\\/mim_frax_on_beefys_moonriver_network_get_onboard\\\/\",\"created_at\":\"2021-12-30 15:44:59\",\"icons\":[]},{\"title\":\"Can someone explain what ETH2X is?\",\"author\":\"The-Beefy-Cow\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/fraxfinance\\\/comments\\\/rj6w82\\\/can_someone_explain_what_eth2x_is\\\/\",\"created_at\":\"2021-12-18 12:52:03\",\"icons\":[]}]}","github":"{\"public_repos\":36,\"bio\":null,\"type\":\"Organization\",\"username\":\"fraxfinance\",\"user_link\":\"https:\\\/\\\/github.com\\\/fraxfinance\",\"created_at\":\"2019-09-30 00:00:00\"}","telegram":"{\"title\":\"Frax Finance\",\"description\":\"The official Telegram group for Frax, the world\\u2019s first fractional-algorithmic stablecoin protocol. https:\\\/\\\/frax.finance\\\/\\n\\ncodebase: https:\\\/\\\/github.com\\\/fraxfinance\\ntwitter: https:\\\/\\\/twitter.com\\\/fraxfinance\\nnews: @fraxfinancenews\\ntrading: @fraxtrading\",\"chat_id\":\"@fraxfinance\",\"member_count\":15201}","domain":"{\"domain_rating\":68,\"ahrefs_top\":135522,\"traffic\":2285.2094217972517,\"website\":\"https:\\\/\\\/frax.finance\"}"},"buy_page":null,"halving_page":null}" :fiat-currency="{"name":"United States Dollar","logo":"\/crypto-prices\/fiat-logos\/USD.svg","symbol":"USD","sign":"$","price":1}" >

Frax (FRAX) Social Signals & Traffic Tracker

Frax twitter
Twitter Stats
Visit Twitter

Followers

0.29%

Joined at May 02, 2019

Following

177

0.00%

Tweet count

1,592

1.27%

Frax reddit
Reddit Stats
Visit Reddit

Subscribers

0.00%

Joined at Aug 30, 2020

Subreddit type

restricted

Moderators

1

0.00%

Frax telegram
Telegram Stats
Visit Telegram

Members

0.14%

Title

Frax Finance

Frax traffic
Website Traffic
Visit Website

Website Rating (DR)

68 / 100

0.00%

Ahrefs Rank

135,522

2.26%

Organic Traffic (mo.)

2,285

74.36%

Frax github
GitHub Organization
Visit GitHub

Public repos

Created at Sep 30, 2019

Type

Organization

Frax github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Frax (FRAX) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Twitter account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 72,267

Members: 15,201

Frax Price Statistics

Frax Price
$0.9904
Price Change 24h
-$0.0036
0.36%
24h Low / 24h High
$0.9845 /
$0.9977
All Time High
Nov 16, 2021 (1 year 6 months ago)
$2.19
54.81%
All Time Low
Dec 11, 2022 (5 months 1 week ago)
$0.1062
832.18%
Trading Volume 24h
$813,077
36.08%
Volume / Market Cap
0.0008
Market Dominance
0.09%
Market Rank
#49
Market Cap
$994,480,718
0.36%
Fully Diluted Market Cap
$1,034,800,760
0.36%

Live FRAX Price Analysis

The current real time Frax price is $0.9904, and its trading volume is $813,077 in the last 24 hours. FRAX price has plummeted by 0.36% in the last day, and decreased by 0.80% in the last 7 days. It’s important to note that current Frax market capitalization is $994,480,718, Talking about circulating supply, FRAX has 1,004,141,409 coins. Currently, Frax rank on the market is #49.

Frax price today is 54.81% below all time high, and it is 832.18% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling FRAX are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is the Frax Protocol (FRAX)?

FRAX is the first fractional-algorithmic stablecoin that is built on the Frax protocol. The protocol is an open-source permissionless project that runs on the Ethereum network. The Frax protocol aims to replace digital assets that have a fixed supply, with a highly scalable algorithmic currency.

The main features of the Frax crypto project include:

  • Dual-token system. There are two tokens that run on the protocol – FRAX and FXS. FRAX, as you already know, is a stablecoin. FXS, on the other, is the governance token of the protocol that helps to generate income from fees, seigniorage, and extra collateral value. Since 2020, FXS tokens can be locked to generate veFXS for bigger boosts, unique governance privileges, and other system advantages;
  • Run by the community. Frax is a community-governed protocol that places a strong emphasis on an algorithmic approach that has no active management;
  • Frax utilizes Uniswap and Chainlink oracles. The FXS and FRAX prices, as well as the amount of collateral, are taken from Uniswap, as the Chainlink oracle provides the accurate USD rate (taking the average price of a pair). This computation mechanism makes FRAX more stable when compared to the dollar.

The Founders of the Frax Protocol

In 2019, software developer Sam Kazemian came up with a unique idea for a fractional-algorithmic stablecoin. The idea was born from the fact that most projects with the algorithmic monetary policy were prone to fail. Thus, he decided to combine algorithmic monetary policy with collateralization to try and solve this issue.

Engineers Travis Moore and Jason Huan helped him realize the idea, which resulted in the creation of the first fractional-algorithmic stablecoin.

What Is FRAX?

In essence, FRAX is a stablecoin, which means that it manages to keep its price stable even when the crypto market fluctuates. One FRAX is pegged to $1 at a 1:1 rate.

However, FRAX is a unique type of stablecoin because one part of its supply is algorithmic, while the other is backed by collateral. The FRAX price on the market determines the proportion of collateralized and algorithmic supply. The Frax protocol has built-in swap capabilities that enable buyback and recollateralization which are used to control the amount of collateral.

For instance, the amount of collateral backing is increased once the FRAX price drops below $1. However, once the FRAX price rises above $1, the collateral backing is decreased.

Even though any cryptocurrency can serve as collateral according to the FRAX protocol's design, its first iteration primarily takes on-chain stablecoins as payment. This lowers the collateral's volatility and facilitates a seamless transition to greater algorithmic ratios.

Frax has a pool contract, which is dedicated to storing USDC as collateral. The ecosystem's governance allows for the addition and deletion of pools. More volatile cryptocurrencies can be added to the governance pool as the Frax system develops.

Since FRAX is a stablecoin, its supply is dynamic. It changes in order to maintain the FRAX price pegged to $1. Contrarily, there is no inflation schedule in the protocol for FXS tokens, which have a fixed supply of 100 million tokens.

FRAX Minting

By adding the right quantity of its component pieces to the system, FRAX stablecoins can be minted. Since FRAX was fully collateralized from its inception, minting it just required putting collateral into the minting contract. During the fractional phase, on the other hand, the right amount of collateral had to be put down. Besides that, the right amount of FXS had to be burned in order to mint FRAX.

Arbitragers can strike a balance between the supply and demand of FRAX in the open market by minting and redeeming FRAX from the system for $1. A user must constantly input $1 into the system in order to mint new FRAX.

If the market price is higher than the price objective of $1, there is a potential for arbitrage to mint tokens by adding $1 in value to each FRAX and selling the tokens for more than $1 on the open market. If the FRAX price is less than $1, on the other hand, there is an opportunity for arbitrage to redeem FRAX tokens by buying them at a lower price on the open market and redeeming them for $1 of value from the system.

What's Frax trading volume in the last 24 hours?

FRAX has a trading volume of $813,077 in the last 24 hours.

What's Frax highest price ever?

FRAX has a highest price of $2.19, which was reached on Nov 16, 2021 (1 year 6 months ago).

What's Frax lowest price ever?

FRAX has a lowest price of $0.1062, which was reached on Dec 11, 2022 (5 months 1 week ago).

What are the best exchanges for buying and selling FRAX?

Currently, the most active and dominating exchanges for buying and selling Frax are Binance, Kraken & Kucoin. The most popular Frax trading pairs are FRAX/USDC (on Curve Finance ), FXS/FRAX (on Uniswap (V2) ), FRAX/USDC (on Uniswap (V3) (Optimism) ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping FRAX?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Frax. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Frax project's Circulating Supply has been verified and is equal to:

Circulating Supply

1,004,141,409 FRAX

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Frax is $0.9904

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