Frax (FRAX) Price, Market Cap and Information
| Frax (FRAX) | Buy Frax Now |
|---|---|
 |
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future)... |
| CVIX | 2 |
| Current price | $1.000076 |
| Change 24h | 0.07% |
| Change 7d | 0.32% | Market Cap | $1 044 932 657 |
| Available supply | 1 044 853 133 FRAX |
| Volume 24h | $7 501 401 |
| Updated | Saturday, April 1, 2023 11:00:03PM UTC |
| Nature | Coin |
| Mineable | No |
| Discussion | |
| WWW | Website |
Frax price change 24 hours
Frax Short Term Forecast
| After | Price | Change |
| 1 day | $1.003465 | 0.34% |
|---|
Frax General Information
General FRAX facts, technical details and Frax Cryptocurrency information
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). 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. The protocol incorporates the following concepts:
Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. 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.
Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.
Frax Historical Data – 10 days
| Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
|---|---|---|---|---|
| Mar 23 | 0.997139 | 0.994706 | 0.999587 | 1 041 375 484 |
| Mar 24 | 0.996692 | 0.992382 | 0.998482 | 1 041 016 381 |
| Mar 25 | 0.996687 | 0.993686 | 0.998910 | 1 041 647 975 |
| Mar 26 | 0.996899 | 0.994754 | 1.000683 | 1 042 136 865 |
| Mar 27 | 0.997918 | 0.993729 | 0.999443 | 1 041 100 074 |
| Mar 28 | 0.994189 | 0.993683 | 0.999357 | 1 042 312 169 |
| Mar 29 | 0.998214 | 0.997680 | 1.001884 | 1 045 392 256 |
| Mar 30 | 1.001858 | 0.996919 | 1.002553 | 1 045 311 372 |
| Mar 31 | 1.004501 | 0.997385 | 1.004626 | 1 044 370 220 |
| Apr 01 | 1.002624 | 0.998944 | 1.002624 | 1 044 932 657 |
FRAX/USD Price Charts
FRAX to USD price chart – 7 days
FRAX to USD price chart – 30 days
FRAX to USD price chart – 60 days
FRAX to USD price chart – 6 months
* Crypto Rating accepts no liability for any errors in the Frax information, FRAX Prices and FRAX's Market Cap. For the most up-to-date prices please visit the Frax's official website.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 61.2% | 79 | $28 532.89 | -0.14% | 3.93% | $551 670 149 541 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 68.8% | 61 | $1 824.10 | -0.20% | 4.92% | $219 727 600 320 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $1.000316 | 0.02% | -0.05% | $79 719 012 525 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74.4% | 55 | $315.64 | -0.57% | -2.11% | $49 835 690 238 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.8% | 2 | $0.999876 | 0% | 0.01% | $32 523 408 102 |  |
|
| 6 |  XRP |
XRP predictions | 61.2% | 82 | $0.511375 | -5.49% | 14.38% | $26 426 923 668 |  |
|
| 7 |  HEX |
HEX predictions | 64.8% | 68 | $0.079733 | -11.69% | -4.21% | $13 826 597 050 |  |
|
| 8 |  ADA |
Cardano predictions | 76.8% | 41 | $0.395366 | -1.54% | 12.31% | $13 736 058 748 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 82% | 23 | $0.082097 | 6.31% | 11.45% | $11 392 170 316 |  |
|
| 10 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 84.8% | 26 | $1.12 | -0.51% | 3.83% | $10 126 762 079 |  |
|
| 12 |  SOL |
Solana predictions | 79.2% | 36 | $21.17 | -1.11% | 3.92% | $8 163 446 069 |  |
|
| 13 |  BUSD |
Binance USD predictions | 93.2% | 1 | $0.999556 | -0.03% | -0.01% | $7 553 833 722 |  |
|
| 14 |  DOT |
Polkadot predictions | 83.6% | 28 | $6.34 | 0.07% | 7.60% | $7 432 742 823 |  |
|
| 15 |  LTC |
Litecoin predictions | 71.6% | 50 | $92.91 | 3.13% | 1.69% | $6 746 413 734 |  |
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