Bitcoin
BTC$37 999.52

0.28%

Ethereum
ETH$2 087.03

2.47%

Tether
USDT$1.000108

0%

Binance Coin
BNB$229.00

0.60%

XRP
XRP$0.610895

0.45%

Solana
SOL$60.80

1.23%

Frax (FRAX) Price, Market Cap and Information


Frax (FRAX) Buy Frax Now
Frax (FRAX) 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 1
Current price $1.000108
Change 24h 0.07%
Change 7d 0.08%
Market Cap $669 727 768
Available supply 669 655 736 FRAX
Volume 24h $6 778 921
Updated Friday, December 1, 2023 3:00:09AM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Frax price change 24 hours

Frax Short Term Forecast

After Price Change
1 day $1.000884 0.08%

Frax Price Predictions

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, $
Nov 22 0.998844 0.998844 1.000177 669 829 600
Nov 23 0.999842 0.999155 1.000257 669 639 317
Nov 24 0.999331 0.998865 0.999544 669 103 494
Nov 25 0.998679 0.998679 0.999429 669 366 459
Nov 26 0.999132 0.997999 0.999132 668 863 833
Nov 27 0.998533 0.997825 0.999339 669 159 386
Nov 28 0.999542 0.998988 1.000576 669 026 295
Nov 29 0.999207 0.998477 1.000724 669 221 935
Nov 30 0.999097 0.999097 0.999864 669 182 822
Dec 01 0.999247 0.999247 1.000122 669 727 768

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 Bitcoin (BTC) BTC Bitcoin predictions 91.6% 8 $37 999.52 0.28% 1.60% $743 176 326 003 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 84.4% 28 $2 087.03 2.47% 0.76% $250 940 118 733 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000108 0% -0.01% $89 361 383 812 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 84.8% 26 $229.00 0.60% -2.63% $34 738 394 358 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 77.6% 34 $0.610895 0.45% -2.05% $32 920 250 746 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 61.6% 81 $60.80 1.23% 6.16% $25 782 778 428 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000068 0.01% 0% $24 548 544 676 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 78% 44 $0.380539 -0.17% -3.44% $13 436 086 955 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 78.8% 45 $0.083736 2.84% 8.64% $11 894 668 878 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 85.6% 21 $0.103684 -0.04% 1.38% $9 179 973 425 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86% 24 $0.102241 -0.94% 0.07% $9 052 152 442 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 82.4% 28 $2.43 -0.65% -0.25% $8 323 116 435 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 70.4% 55 $14.57 0.24% 0.77% $8 110 917 522 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 56% 90 $22.06 3.37% 6.67% $8 056 357 288 AVAX 7 days price change

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