#43 rank
Frax

Frax frax

Frax Price in INR

₹82.368

-0.30%

0.001 ETH

0.998 USD

0 BTC

Price Change

MIN

MAX

Frax Price Statistics

Current Price

₹82.368

Market Volume

₹83,882,949,096.442

Fully Diluted MarketCap

₹83,882,949,096.442

Total Volume

5,009,429

Total Supply

1,018,027,133.259

Circulating Supply

1,018,027,133.259

Price Change 24h

₹-0.247
-0.299%

Market Cap Change 24h

₹-124,147,724.488
-0.148%

All Time Low

₹73.575
11.983%

Historical Data for Frax

DateOpenHighLowCloseChange %
6 Dec 2022₹82.68₹82.68₹82.52₹82.52-0.199%
5 Dec 2022₹82.46₹82.46₹82.35₹82.35-0.138%
4 Dec 2022₹82.68₹82.68₹82.52₹82.52-0.199%
3 Dec 2022₹82.68₹82.68₹82.68₹82.680%
2 Dec 2022₹82.6₹82.68₹82.6₹82.680.1%
1 Dec 2022₹82.49₹82.68₹82.49₹82.680.238%
30 Nov 2022₹82.52₹82.68₹82.52₹82.680.2%
29 Nov 2022₹82.6₹82.6₹82.6₹82.60%
27 Nov 2022₹82.46₹82.46₹82.38₹82.38-0.097%
26 Nov 2022₹82.46₹82.46₹82.42₹82.42-0.05%

FRAX Price Live Data

Frax price today is INR 82.368 and the trading volume in 24 hour is INR 5,009,429. Price change in the FRAX price in the last 24 hour is -0.247 . It has a circulating supply of 1,018,027,133.259 coins and a total supply of 1,018,027,133.259. Total market cap of the FRAX is INR 83,882,949,096.442 which has the movement of -0.148 in the last 24 hours

What is Frax?

Frax is the first fractional-algorithmic stablecoin. Stablecoin are a type of cryptocurrencies whose value is pegged to another fiat currency like the US Dollar. Frax is a unique stablecoin with parts of its supply backed by collateral & parts of the supply algorithmic. The ratio of the collateralized & algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol adjusts & decreases the collateral ratio. And if FRAX is trading at under $1, the protocol increases the collateral ratio. It targets a tight band around $1/coin. Frax Shares (FXS) is the governance token that accrues fees, seigniorage revenue, and excess collateral value. Frax is currently implemented on Ethereum with possible cross-chain implementations in the future

The Team Behind Frax

The Frax Protocol is the founded by an American software developer Sam Kazemian. He came up with the first idea of a fractional-algorithmic stablecoin in 2019. The founding team members of 'Frax engineers' includes Travis Moore & Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly, but they did have any mixture of algorithmic monetary policy & collateralization. The Frax Protocol is the founded by an American software developer Sam Kazemian. He came up with the first idea of a fractional-algorithmic stablecoin in 2019. The founding team members of 'Frax engineers' includes Travis Moore & Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly, but they did have any mixture of algorithmic monetary policy & collateralization. Projects with purely algorithmic monetary policy had failed or shut down without any significant traction. Frax was designed to measure the market’s conf… Read more

Top Value Drivers For Frax

The main reasons to invest in Frax include: Frax is different, before it, stablecoins were divided into 3 different categories: 1. Fiat collateralized, 2. Overcollateralized with cryptocurrency, and 3. Algorithmic with no collateral. Frax is the first decentralized stablecoin to classify itself as fractional-algorithmic, ushering in the 4th and most unique category. - Frax is a highly scalable, decentralized, algorithmic stablecoin that can’t be frozen or censored like Tether USDT or USDC. - You can capture the growth of the stablecoin by owning Frax Shares (FXS) which accrues fees, seigniorage revenue, and excess collateral value

FAQs

The current price of Frax is INR 82.368.

Highest and lowest price of Frax is INR 82.764 and INR 82.241 respectively.

The total supply of Frax is 1,018,027,133.259 and circulating supply of Frax is 1,018,027,133.259

The trading volume of Frax is 5,009,429 in the last 24 hours.