Bitcoin
BTC$24 167.69

4.37%

Ethereum
ETH$1 802.06

5.66%

Tether
USDT$1.000165

0%

USD Coin
USDC$0.999821

-0.01%

Binance Coin
BNB$329.34

3.41%

XRP
XRP$0.383652

2.43%

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 $0.999408
Change 24h -0.03%
Change 7d -0.14%
Market Cap $1 425 151 901
Available supply 1 425 995 664 FRAX
Volume 24h $7 650 834
Updated Monday, August 8, 2022 2:00:03PM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Frax price change 24 hours

Frax Short Term Forecast

After Price Change
1 day $1.004123 0.29%

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, $
Jul 30 0.999826 0.996362 1.000445 1 462 960 333
Jul 31 0.997785 0.997625 0.999831 1 463 647 597
Aug 01 0.998362 0.997958 1.001916 1 467 655 923
Aug 02 1.000342 0.996309 1.001912 1 465 641 538
Aug 03 0.998105 0.997820 1.003387 1 426 319 028
Aug 04 1.000366 0.997677 1.002860 1 426 469 861
Aug 05 1.000628 0.996193 1.002578 1 428 042 467
Aug 06 1.000825 0.996622 1.001896 1 422 187 282
Aug 07 0.996718 0.996075 1.000925 1 421 600 602
Aug 08 0.998300 0.998300 1.003138 1 425 151 901

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 76% 40 $24 167.69 4.37% 4.06% $461 986 960 625 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 74 $1 802.06 5.66% 8.25% $219 634 900 920 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000165 0% -0.01% $66 487 517 659 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999821 -0.01% -0.03% $54 206 596 633 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 68% 61 $329.34 3.41% 15.25% $53 134 575 557 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 80.8% 40 $0.383652 2.43% 1.91% $18 546 934 260 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 73.2% 52 $0.544197 4.81% 6.15% $18 368 049 848 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000037 0.03% 0.14% $17 878 592 729 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 74% 44 $43.13 6.71% 2.19% $15 022 313 319 SOL 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 69.2% 58 $9.34 8.65% 10.04% $10 316 601 052 DOT 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 Dogecoin (DOGE) DOGE Dogecoin predictions 82.8% 27 $0.071327 3.16% 3.99% $9 462 957 069 DOGE 7 days price change
13 HEX (HEX) HEX HEX predictions 70% 62 $0.054029 7.13% 11.76% $9 369 148 526 HEX 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 68% 69 $29.72 6.82% 27.01% $8 455 261 736 AVAX 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 64.8% 77 $0.944750 3.46% 3.94% $7 590 881 808 MATIC 7 days price change

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