FRAX Live Price




24h% change


Volume (24h)


Market Cap


The current price of Frax (FRAX) stands at $1.00000, accompanied by a trading volume of $31.891M over the past 24 hours. FRAX has surged by 0.1% in this timeframe. However, it is presently up by 0.1%.

What Is Frax

The Frax Protocol pioneers the fractional-algorithmic stablecoin system, operating as an open-source, permissionless, and entirely on-chain platform, currently functioning on Ethereum (with potential cross-chain expansions ahead). Its ultimate objective is to introduce a scalable, decentralized, algorithm-based currency, challenging fixed-supply digital assets like BTC. Key principles of the Frax protocol encompass:
Fractional-Algorithmic Model: Frax stands out as a distinct stablecoin, blending collateral-backed and algorithmic components in its supply. The ratio of collateralized versus algorithmic portions adapts based on the market price of the FRAX stablecoin. When FRAX exceeds $1, the protocol trims the collateral ratio; when FRAX falls below $1, the protocol boosts the collateral ratio.
Decentralization & Governance Minimalism: Community governance takes precedence, emphasizing a highly autonomous, algorithm-driven approach with minimal active management.
On-Chain Oracles: Frax v1 integrates Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles, ensuring a fully on-chain approach.
Two-Tokens System: FRAX serves as the stablecoin, targeting a narrow band around $1/coin, while Frax Shares (FXS) act as the governance token, accruing fees, seigniorage revenue, and surplus collateral value.
Before Frax, stablecoins fell into three distinct categories: fiat-collateralized, overcollateralized with cryptocurrency, and algorithmic without collateral. Frax emerges as the inaugural decentralized stablecoin categorizing itself as fractional-algorithmic, pioneering the fourth and most innovative stablecoin category.

Where to Accept frax?

We offer easy crypto currency payment solutions through our service, allowing you to receive Frax and over 215 other digital monies. Improve your customers' experiences and broaden your payment choices without hassle.

What is the all-time high for Frax (frax)?

Frax’s historic highest price is $1.14, which was recorded on 7th of February 2021. Currently, Frax’s price is %12.6 Lower than its historic high.

What is the all-time low for Frax (frax)?

Frax’s historic lowest price is $0.87454, which was recorded on 1st of January 1970. Currently, Frax’s price is %14 Higher than its historic low.

What are the most important factors affecting the price of Frax (frax)?

Let's take a look at the important factors that impact Frax's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.

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