Frax (prev. FXS)
FRAX#570| 1h | 24h | 7d | 30d | 1y |
|---|---|---|---|---|
| +0.42% | -6.35% | -0.17% | +15.97% | N/A |
About Frax (prev. FXS)
Frax (prev. FXS) Price History
| Year | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026(YTD) | $0.46712 | $0.509553 | $0.228676 | $0.300467 | -35.68% |
| 2025 | $3.61 | $3.993 | $1.57 | $1.622 | -55.07% |
| 2024 | $9.041 | $10.52 | $1.616 | $3.496 | -61.33% |
| 2023 | $4.422 | $12.75 | $4.422 | $8.583 | +94.10% |
| 2022 | $26.97 | $38.40 | $4.015 | $4.114 | -84.75% |
Frax (prev. FXS) News
No recent news for Frax (prev. FXS).
Frax (prev. FXS) FAQ
What is Frax (FRAX)?
Frax (FRAX) is a cryptocurrency launched in 2020 on the Ethereum blockchain. It is a fractional-algorithmic stablecoin protocol that aims to maintain a stable value relative to the US dollar. The project combines collateralized reserves with algorithmic supply adjustments to support its peg. FRAX is the native stablecoin token of the Frax ecosystem.
How does Frax work?
Frax uses a fractional-algorithmic model, meaning its stability mechanism blends collateral backing with algorithmic monetary policy. The protocol adjusts collateralization ratios and token supply in response to market conditions to keep FRAX near $1. It operates on Ethereum, leveraging smart contracts for issuance and redemption. This design distinguishes it from fully collateralized or fully algorithmic stablecoins.
What is the FRAX token used for?
FRAX is the stablecoin token of the Frax protocol, designed for payments, transfers, and as a store of value with a target price of one US dollar. Within the Frax ecosystem, FRAX can be used in DeFi applications, liquidity pools, and as collateral. It is also used to interact with the protocol's stability mechanisms, such as minting and redeeming.
How does Frax differ from other stablecoins?
Unlike fully collateralized stablecoins such as USDC or USDT, Frax (FRAX) uses a fractional-algorithmic design that combines collateral with algorithmic supply control. This means the collateralization ratio can vary, and the protocol can expand or contract supply to maintain its peg. This hybrid approach aims to be more capital-efficient than fully backed stablecoins while retaining stability.
What is Frax (prev. FXS) (FRAX)?
Frax (prev. FXS) (FRAX) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Frax (prev.
What is the current price of Frax (prev. FXS)?
Frax (prev. FXS) is currently priced at $0.3005, down 6.35% in the last 24 hours. It is ranked #570 by market capitalization. Over the past 7 days, FRAX is down 0.17%.
What is Frax (prev. FXS)'s market cap?
Frax (prev. FXS) has a market capitalization of $28.13M. The 24-hour trading volume is $845,191.91, reflecting the total value of FRAX traded across all exchanges in the last day.
