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    Frax

    Frax priceFRAX

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    Quote currency:
    USD
    FRAX
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    USD
    1 FRAX = 0.9961 USD
    Last updated 2024-11-06 01:34:54(UTC-0)
    Buy FRAX

    Frax price live data summary

    The live price of Frax is $0.9961 per (FRAX / USD) today with a current market cap of $646.92M USD. The 24-hour trading volume is $6.78M USD. FRAX to USD price is updated in real time. Frax is 0.05% in the last 24 hours. It has a circulating supply of 649,433,400 .

    What is the highest price of FRAX?

    FRAX has an all-time high (ATH) of $2.19, recorded on 2021-11-16.

    What is the lowest price of FRAX?

    FRAX has an all-time low (ATL) of $0.7805, recorded on 2021-02-23.
    Calculate Frax profit

    Frax price prediction

    When is a good time to buy FRAX? Should I buy or sell FRAX now?

    When deciding whether to buy or sell FRAX, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget FRAX technical analysis can provide you with a reference for trading.
    According to the FRAX 4h technical analysis, the trading signal is Sell.
    According to the FRAX 1d technical analysis, the trading signal is Strong sell.
    According to the FRAX 1w technical analysis, the trading signal is Strong sell.

    What will the price of FRAX be in 2025?

    Based on FRAX's historical price performance prediction model, the price of FRAX is projected to reach $1.47 in 2025.

    What will the price of FRAX be in 2030?

    In 2030, the FRAX price is expected to change by -16.00%. By the end of 2030, the FRAX price is projected to reach $2.26, with a cumulative ROI of +126.52%.

    Frax ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Frax (FRAX)

    What Is Frax?

    Frax is a DeFi protocol on Ethereum that was founded in 2019 by Sam Kazemian, Jason Huan, and Travis Moor. It introduces a unique approach to stablecoin design by transitioning from a fully collateralized stablecoin to a predominantly algorithmic one. The protocol begins with a 100% collateralization rate, which gradually reduces as long as the price target of $1 per FRAX token is maintained. This innovative model allows for a more flexible and autonomous stablecoin system that can adapt to market conditions.

    Frax's ingenuity lies in its dual-token system, comprising the FRAX stablecoin and Frax Shares (FXS). While FRAX is designed to maintain a stable value, FXS is a volatile token that captures the seigniorage value when minting non-collateralized value. This system creates a dynamic where FRAX can be minted with decreasing ratios of collateralization, while FXS tokens capture the non-collateralized value as the stablecoin transitions to an algorithmic model.

    The FRAX stablecoin of Frax Protocol currently exists on 11 chains, namely Ethereum, Polygon, Avalanche, BNB Chain, Fantom, Harmony, Moonriver, Solana, Arbitrum, Near and Optimism.

    Resources

    Official Documents: https://docs.frax.finance/

    Official Website: https://frax.finance

    How Does Frax Work?

    The Frax protocol operates through a system of smart contracts known as Frax Pools. These pools mint FRAX tokens to users in exchange for collateral or return collateral when FRAX is redeemed. Each Frax Pool accepts a different type of collateral, providing flexibility and diversity to the system. The protocol ensures that FRAX can always be minted and redeemed for $1 of value, enabling arbitrageurs to balance the demand and supply of FRAX in the open market.

    Frax also introduces a unique approach to protocol revenue. The Frax Pools hold crypto assets that can be utilized to earn interest, liquidity fees, and yield farming rewards. Future updates of the Frax Pool contract can auto-deposit collateral in whitelisted DeFi protocols to generate revenue for the Frax Protocol. This innovative use of collateral assets further enhances the protocol's autonomy and financial sustainability.

    What Is The FRAX Token?

    FRAX is the stablecoin within the Frax protocol. It is designed to maintain a stable value of $1, providing a reliable medium of exchange in the volatile world of cryptocurrencies. FRAX can always be minted and redeemed from the system for $1 of value, ensuring its stability. Unlike traditional stablecoins, FRAX transitions from being fully collateralized to being predominantly algorithmic, reducing the need for collateral as long as the price target is maintained.

    Frax's Impact on Finance

    Frax's innovative approach to stablecoin design has significant implications for the world of finance. By transitioning from a fully collateralized model to a predominantly algorithmic one, Frax reduces the reliance on collateral, making the system more efficient and autonomous. This model could potentially influence future stablecoin designs, encouraging more innovation in the space.

    Moreover, by introducing a dual-token system, Frax separates the stable value of the FRAX token from the volatile seigniorage value captured by the FXS token. This separation allows for a more nuanced and flexible financial system where users can choose between stability and potential profit. In this way, Frax is not only revolutionizing stablecoin design but also reshaping the landscape of decentralized finance.

    What Determines Frax's Price

    In the dynamic world of cryptocurrency, the Frax (FRAX) market cap has been making waves as a pioneering fractional-algorithmic stablecoin. Keeping an eye on the Frax price today is crucial for investors and enthusiasts alike, considering its unique blend of collateral assets and algorithmic mechanisms that determine the Frax coin value. Being partially backed by collateral such as USDC and governed by the Frax Share (FXS), it plays a pivotal role in maintaining the price stability of the FRAX token.

    This dual mechanism ensures a robust defense against black swan events, fostering confidence among users due to the transparent blockchain">blockchain technology that showcases the collateral backing the stablecoin. This innovative approach to price stability has positioned Frax as a leader in the decentralized finance (DeFi) sector, offering a scalable, trustless, and stable on-chain money system.

    Currently, the FRAX current price maintains a stable peg, primarily to the USD, through a series of complex mechanisms. The protocol utilizes Algorithmic Market Operations (AMO) to automatically capture arbitrage opportunities within its liquidity pools on the open market, thereby stabilizing its peg. The collateral ratio is a critical factor in determining the Frax cryptocurrency price, as it adjusts based on the market price of FRAX, facilitating the minting and redemption of FRAX in a way that prevents drastic price spirals.

    Analyzing the Frax coin price history, it's evident that the protocol has introduced several groundbreaking features in the crypto space. The Frax Price Index (FPI), for instance, is pegged to a basket of real-world consumer items, tracking inflation and maintaining a steady price within the Consumer Price Index basket. This innovative feature, coupled with the Frax Finance economy, including facilities like Fraxlend that offer permissionless lending and debt origination, significantly influences the Frax to USD conversion rates and the overall Frax trading volume.

    As we look ahead, the Frax price prediction for the coming years seems promising, with numerous analysts foreseeing a potential surge in the FXS value by 2030. Keeping an eye on the FRAX token market cap and the Frax price chart live can provide keen insights into the latest Frax (FRAX) news and FRAX price analysis. The real-time Frax price, complemented by FRAX historical price data, will be critical tools in forecasting the Frax crypto price forecast and making informed decisions in the ever-evolving cryptocurrency market.

    Frax price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +0.05%-0.04%-0.08%-0.05%-0.35%-0.37%

    Frax price history in USD

    The price of Frax is -0.35% over the last year. The highest price of in USD in the last year was $1.01 and the lowest price of in USD in the last year was $0.9904.
    TimeLowHigh
    24h$0.9956$0.9965
    7d$0.9953$0.9968
    30d$0.9953$0.9984
    90d$0.9949$0.9996
    1y$0.9904$1.01
    All-time$0.7805(2021-02-23, 3 years ago )$2.19(2021-11-16, 2 years ago )

    Frax market information

    Market cap
    $646,918,999.65
    +0.05%
    Fully diluted market cap
    $1,040,807,731.82
    +0.05%
    Volume (24h)
    $6,778,858.98
    +129.60%
    Market rankings
    Circulation rate
    +62.00%
    24h volume / market cap
    0.0104
    Circulating supply
    649,433,400 FRAX
    Total supply / Max supply
    1.04B FRAX
    -- FRAX
    Buy Frax now

    Frax Social Data

    In the last 24 hours, the social media sentiment score for Frax was 2, and the social media sentiment towards Frax price trend was Bearish. The overall Frax social media score was 266,231, which ranks 304 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Frax being mentioned with a frequency ratio of 0%, ranking 572 among all cryptocurrencies.

    In the last 24 hours, there were a total of 114 unique users discussing Frax, with a total of Frax mentions of 35. However, compared to the previous 24-hour period, the number of unique users decrease by 3%, and the total number of mentions has increase by 30%.

    On Twitter, there were a total of 1 tweets mentioning Frax in the last 24 hours. Among them, 0% are bullish on Frax, 100% are bearish on Frax, and 0% are neutral on Frax.

    On Reddit, there were 0 posts mentioning Frax in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .

    All social overview

    Average sentiment (24h)
    2
    Social media score (24h)
    266.23K(#304)
    Social contributors (24h)
    114
    -3%
    Social media mentions (24h)
    35(#572)
    +30%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    1
    0%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    0%
    Bearish
    100%
    Reddit
    Reddit score (24h)
    0
    Reddit posts (24h)
    0
    0%
    Reddit comments (24h)
    0
    0%

    How to buy Frax(FRAX)

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    Buy Frax (FRAX)

    Buy Frax (FRAX)

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    Join FRAX copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or FRAX tokens, you can also start copy trading by following elite traders.

    FAQ

    What is the current price of Frax?

    The live price of Frax is $1 per (FRAX/USD) with a current market cap of $646,918,999.65 USD. Frax's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Frax's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Frax?

    Over the last 24 hours, the trading volume of Frax is $6.78M.

    What is the all-time high of Frax?

    The all-time high of Frax is $2.19. This all-time high is highest price for Frax since it was launched.

    Can I buy Frax on Bitget?

    Yes, Frax is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in Frax?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Frax with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Frax (FRAX)?

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    How to complete identity verification on Bitget and protect yourself from fraud
    1. Log in to your Bitget account.
    2. If you're new to Bitget, watch our tutorial on how to create an account.
    3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
    4. Choose your issuing country or region and ID type, and follow the instructions.
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    6. Enter your details, submit a copy of your ID, and take a selfie.
    7. Submit your application, and voila, you've completed identity verification!
    Cryptocurrency investments, including buying Frax online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Frax, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Frax purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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