Cryptos:  11,120Exchanges:  391Market Cap:  $1,614,221,677,90224h Vol:  $90,023,093,568Dominance:  BTC: 48.3% ETH: 17.7%ETH Gas:  20 Gwei
Cryptos:  11,120Exchanges:  391Market Cap:  $1,614,221,677,90224h Vol:  $90,023,093,568Dominance:  BTC: 48.3% ETH: 17.7%ETH Gas:  20 Gwei
FRAX

FraxFRAX

Rank #233
Token
On 1,277 watchlists

Frax Price (FRAX)

$1.00
0.98%

0.00002418 BTC0.98%

0.0004121 ETH0.98%

Low:$0.9921
High:$1.02
24h
FRAX  Frax FRAXPrice: $1.00 0.98%
Market Cap
$256,360,689
0.98%
Fully Diluted Market Cap
$132,446,778
0.04%
Volume
24h
$9,030,561
12.23%
Volume / Market Cap
0.03523
Circulating Supply
255,481,799.12 FRAX
194%
Max Supply
131,992,706
Total Supply
255,481,799
Sponsored

Frax Chart

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FRAX Price Live Data

The live Frax price today is $1.00 USD with a 24-hour trading volume of $9,030,561 USD. Frax is up 0.98% in the last 24 hours. The current CoinMarketCap ranking is #233, with a live market cap of $256,360,689 USD. It has a circulating supply of 255,481,799 FRAX coins and a max. supply of 131,992,706 FRAX coins.

If you would like to know where to buy Frax, the top exchanges for trading in Frax are currently Gate.io, Uniswap (V3), Bilaxy, Uniswap (V2), and Hotbit. You can find others listed on our crypto exchanges page.

What Is the Frax Protocol (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). 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.

How Many FRAX and FXS Coins Are There in Circulation?

The supply of the FRAX stablecoin is dynamic and always changing to keep the price at $1 due to its fractional-algorithmic monetary policy. The supply of the Frax Shares (FXS) tokens are hard capped to 100 million tokens at genesis with no inflation schedule in the protocol. The FXS token is the governance token which accrues all value of new minted FRAX, fees, and excess collateral. FXS is an investment and governance asset while FRAX is the currency token.

What Makes Frax Unique?

The Frax Protocol is a community driven and unique design stablecoin. Over 60% of the supply of FXS is issued over a number of years to liquidity providers and yield farmers. It is an entirely decentralized protocol with governance onchain. It is also the first and only stablecoin to incorporate the fractional-algorithmic hybrid design at the time of its launch in November 2020.

Who Are the Founders of the Frax Protocol?

The Frax Protocol is the brainchild of American software developer Sam Kazemian who came up with the first idea of a fractional-algorithmic stablecoin in 2019.

The founding team of Frax engineers includes Travis Moore and Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly but none had any mixture of algorithmic monetary policy and collateralization. Projects that had purely algorithmic monetary policy had failed or shut down without any significant traction. Frax was designed as an answer to measure the market’s confidence in a partly algorithmic and partly collateralized stablecoin.

Where Can I Buy or Obtain FRAX and FXS?

FRAX, the stablecoin, is available on many major exchanges and DeFi platforms like Uniswap and DEXes. The Frax Shares (FXS) tokens are also available and as liquid as the stablecoin. Investors looking to purchase upside and governance rights to the world’s first fractional-algorithmic stablecoin should buy Frax Shares (FXS). Users who want stability by using the world’s only fractional-algorithmic stablecoin should purchase FRAX.

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FRAX

Frax

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USD

United States Dollar

FRAX Price Statistics

Frax Price Today
Frax Price$1.00
Price Change24h$0.009741
0.98%
24h Low / 24h High
$0.9921 /
$1.02
Trading Volume24h$9,030,561.39
12.23%
Volume / Market Cap0.03523
Market Dominance0.02%
Market Rank#233
Frax Market Cap
Market Cap$256,360,689.34
0.98%
Fully Diluted Market Cap$132,446,777.87
0.04%
Frax Price Yesterday
Yesterday's Low / High
$0.9891 /
$1.02
Yesterday's Open / Close
$1.00 /
$1.01
Yesterday's Change

0.48%

Yesterday's Volume$9,283,301.97
Frax Price History
7d Low / 7d High
$0.9845 /
$1.02
30d Low / 30d High
$0.9737 /
$1.06
90d Low / 90d High
$0.9233 /
$1.14
52 Week Low / 52 Week High
$0.7805 /
$1.14
All Time High
Jun 23, 2021 (a month ago)
$1.14
12.03%
All Time Low
Feb 23, 2021 (5 months ago)
$0.7805
28.57%
Frax ROI
No Data
Frax Supply
Circulating Supply255,481,799 FRAX
Total Supply255,481,799 FRAX
Max Supply131,992,706 FRAX