Bitcoin
BTC$28 532.89

-0.14%

Ethereum
ETH$1 824.10

-0.20%

Tether
USDT$1.000316

0.02%

Binance Coin
BNB$315.64

-0.57%

USD Coin
USDC$0.999876

0%

XRP
XRP$0.511375

-5.49%

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 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 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, $
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 Bitcoin (BTC) BTC Bitcoin predictions 61.2% 79 $28 532.89 -0.14% 3.93% $551 670 149 541 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 61 $1 824.10 -0.20% 4.92% $219 727 600 320 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000316 0.02% -0.05% $79 719 012 525 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 74.4% 55 $315.64 -0.57% -2.11% $49 835 690 238 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $0.999876 0% 0.01% $32 523 408 102 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 61.2% 82 $0.511375 -5.49% 14.38% $26 426 923 668 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 64.8% 68 $0.079733 -11.69% -4.21% $13 826 597 050 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76.8% 41 $0.395366 -1.54% 12.31% $13 736 058 748 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 82% 23 $0.082097 6.31% 11.45% $11 392 170 316 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 84.8% 26 $1.12 -0.51% 3.83% $10 126 762 079 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 79.2% 36 $21.17 -1.11% 3.92% $8 163 446 069 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $0.999556 -0.03% -0.01% $7 553 833 722 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 83.6% 28 $6.34 0.07% 7.60% $7 432 742 823 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 71.6% 50 $92.91 3.13% 1.69% $6 746 413 734 LTC 7 days price change

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