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 | $0.999408 |
| 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 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 |  BTC |
Bitcoin predictions | 76% | 40 | $24 167.69 | 4.37% | 4.06% | $461 986 960 625 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 64.4% | 74 | $1 802.06 | 5.66% | 8.25% | $219 634 900 920 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000165 | 0% | -0.01% | $66 487 517 659 |  |
|
| 4 |  USDC |
USD Coin predictions | 92.4% | 1 | $0.999821 | -0.01% | -0.03% | $54 206 596 633 |  |
|
| 5 |  BNB |
Binance Coin predictions | 68% | 61 | $329.34 | 3.41% | 15.25% | $53 134 575 557 |  |
|
| 6 |  XRP |
XRP predictions | 80.8% | 40 | $0.383652 | 2.43% | 1.91% | $18 546 934 260 |  |
|
| 7 |  ADA |
Cardano predictions | 73.2% | 52 | $0.544197 | 4.81% | 6.15% | $18 368 049 848 |  |
|
| 8 |  BUSD |
Binance USD predictions | 93.2% | 1 | $1.000037 | 0.03% | 0.14% | $17 878 592 729 |  |
|
| 9 |  SOL |
Solana predictions | 74% | 44 | $43.13 | 6.71% | 2.19% | $15 022 313 319 |  |
|
| 10 |  DOT |
Polkadot predictions | 69.2% | 58 | $9.34 | 8.65% | 10.04% | $10 316 601 052 |  |
|
| 11 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 12 |  DOGE |
Dogecoin predictions | 82.8% | 27 | $0.071327 | 3.16% | 3.99% | $9 462 957 069 |  |
|
| 13 |  HEX |
HEX predictions | 70% | 62 | $0.054029 | 7.13% | 11.76% | $9 369 148 526 |  |
|
| 14 |  AVAX |
Avalanche predictions | 68% | 69 | $29.72 | 6.82% | 27.01% | $8 455 261 736 |  |
|
| 15 |  MATIC |
Polygon predictions | 64.8% | 77 | $0.944750 | 3.46% | 3.94% | $7 590 881 808 |  |
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