Frax is an algorithmic stablecoin whose supply is partly backed by collateral and partly algorithmically stabilized. Frax Share Token (FXS) is the Frax Protocol's non-stable governance token. Token holders have governance rights to add/adjust collateral pools, set minting/redemption fees, and change the update rate of the collateralization rate.
Frax Price
$ 0.2565(--)
FRAX Price Chart
No Data
Frax Market Information
- $42.8000
- --
- --
- --
- 470
- 2,850,360.78
- $24M
- 93,597,695.87
About Frax
Information
| Issue Date | -- | Initial Offering Price | -- |
|---|---|---|---|
| Max Supply | 99681495.591134 | Circulating Supply | 93,597,695.87 |
| Listed Exchanges | 9 | Incentive Mechanism | -- |
| Encryption Algorithm | -- |
Frax Price History
| Time | Change | High | Low |
|---|---|---|---|
| 24H | -- | -- | -- |
| 7D | -- | -- | -- |
| 30D | -- | -- | -- |
| All | -- | -- | -- |
Frax News
Frax Finance to Quit Algorithm Support Amid Stablecoin Crackdown
The community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoinBarry Stidham
Uniswap Soars 22% as Altcoins Rally While Bitcoin Stalls
Uniswap (UNI) has emerged as a focal point, surging 22.5% to $3.53 following Standard Chartered’s initiation of coverage with a $100 price target by 203
HYPE Surges 6%: Suspected Insider Whale Nabs $34M in Gains
HYPE recently surged by 6% in early morning trading, a volatile market move that provides cryptocurrency derivatives traders and decentralized finance enthusiasts with critical insight into high-stakes whale behavior and liquidity shifts.Cornell Rachel
Learn
Why Are Stablecoins Changing Business Models? What Models Work?
Stablecoins are changing business models as the reserve interest model is dominated by large incumbents with massive circulating supply.Hallie Gill
What’s Next for Stablecoins? Can AI Payments Drive Growth?
Stablecoins have surpassed $300 billion in supply, but their growth is no longer accelerating as before.Christopher SmithWhat Is FRAX Crypto: A Stablecoin That Can Change Its Supply?
FRAX crypto is a fractional-algorithmic stablecoin that is backed by a combination of collateral and algorithm. Let's take a closer look at this article for a better understanding.Cornell Rachel
Frequently Asked Questions
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