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