Frax (FRAX)

-0.16 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

29719085>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

1018458229>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

1,018,393,133.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

1,018,393,133.26
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

1,018,393,133.26
Low High
Contract
Website
Explorers
Social Media
Tags
Week Month Year All Time
High

Jan 19 2023

0.999217578597
-0.11%

Jan 12 2023

1.005800138592
-0.76%

Jan 28 2022

1.011302780804
-1.30%

Feb 07 2021

-12.47%
Low

Jan 19 2023

0.999217578597
-0.11%

Jan 16 2023

0.997105242007
0.11%

Aug 19 2022

0.984587106428
1.38%

Dec 04 2021

11.96%
For Detailed Research of Frax - Visit - Frax (FRAX)

Market

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score

Historical Data

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Coin
Frax
Comments

Coin Info

The Frax Protocol is the first stablecoin system that uses a fractional algorithm. Frax is an open-source, permissionless, and completely on-chain protocol that is presently implemented on Ethereum.  The Frax protocol's ultimate goal is to create extremely scalable, decentralised, algorithmic money to substitute fixed-supply digital assets like Bitcoin.

Prior to Frax, stablecoins were classified into three types: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first decentralised stablecoin to define itself as fractional-algorithmic, ushering in the 4th and most distinct category.

The Frax Protocol is a community-driven stablecoin with a distinctive style. More than 60% of the FXS supply is distributed over a number of years to liquidity providers and yield farmers. It's a completely decentralised system with on-chain governance. It is also the first and only stablecoin to use a fractional-algorithmic hybrid architecture when it was launched in November 2020.

The Frax Protocol is the creation of American software developer Sam Kazemian, who initially proposed the concept of a fractional-algorithmic stablecoin in 2019.

Travis Moore and Jason Huan are members of the original Frax engineering team. Sam Kazemian came up with the concept after he observed that stablecoins were expanding quickly, but that none of them combined an algorithmic monetary policy with collateralization. Projects with fully algorithmic monetary policy had failed or been closed down due to a lack of substantial traction. Frax was created to evaluate market confidence in a partially algorithmic, partially collateralized stablecoin.

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