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 | $0.992008 |
| Change 24h | -0.09% |
| Change 7d | 0.12% | Market Cap | $1 012 172 980 |
| Available supply | 1 020 327 327 FRAX |
| Volume 24h | $5 764 088 |
| Updated | Wednesday, November 30, 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 | $0.988908 | -0.31% |
|---|
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 21 | 0.988979 | 0.984160 | 0.996421 | 1 172 063 034 |
| Nov 22 | 0.995252 | 0.991601 | 1.002245 | 1 172 505 500 |
| Nov 23 | 0.995108 | 0.991413 | 0.999118 | 1 174 181 952 |
| Nov 24 | 1.000429 | 0.987298 | 1.000429 | 1 173 194 898 |
| Nov 25 | 0.996104 | 0.987915 | 0.998211 | 1 170 082 061 |
| Nov 26 | 0.994716 | 0.988167 | 0.999555 | 1 170 005 333 |
| Nov 27 | 0.992761 | 0.991842 | 0.999543 | 1 177 289 540 |
| Nov 28 | 0.991851 | 0.985298 | 1.001403 | 1 022 239 749 |
| Nov 29 | 0.996810 | 0.992473 | 1.001527 | 1 016 691 989 |
| Nov 30 | 0.992627 | 0.992008 | 1.000945 | 1 012 172 980 |
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% | 80 | $16 815.91 | 2.46% | 2.22% | $323 213 771 261 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 64.8% | 79 | $1 262.81 | 4.49% | 8.80% | $154 535 308 538 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $0.999941 | 0.02% | 0.09% | $65 358 819 507 |  |
|
| 4 |  BNB |
Binance Coin predictions | 66.4% | 67 | $298.40 | -0.55% | 0.49% | $47 735 233 591 |  |
|
| 5 |  USDC |
USD Coin predictions | 91.6% | 1 | $0.999977 | -0.02% | -0.02% | $43 305 374 728 |  |
|
| 6 |  BUSD |
Binance USD predictions | 91.6% | 1 | $1.000510 | 0.01% | 0.08% | $22 176 670 935 |  |
|
| 7 |  XRP |
XRP predictions | 68.8% | 66 | $0.402021 | 2.91% | 7.66% | $20 217 649 686 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 58.4% | 85 | $0.104544 | 2.73% | 30.58% | $13 869 988 356 |  |
|
| 9 |  ADA |
Cardano predictions | 59.6% | 81 | $0.313452 | 1.39% | 0.62% | $10 795 931 462 |  |
|
| 10 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 63.6% | 72 | $0.866314 | 4.01% | 2.62% | $7 566 657 745 |  |
|
| 12 |  DOT |
Polkadot predictions | 69.6% | 67 | $5.37 | 2.22% | 0.69% | $6 126 105 270 |  |
|
| 13 |  DAI |
Dai predictions | 90.8% | 1 | $0.999600 | 0% | 0.02% | $5 652 893 809 |  |
|
| 14 |  LTC |
Litecoin predictions | 62% | 74 | $77.93 | 2.83% | -0.18% | $5 589 341 445 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 68.8% | 66 | $0.053825 | 0.77% | 5.80% | $5 472 681 192 |  |
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