Details about Frax cryptocurrency
€606,219,908 ( 0.25352%)
€47,208,800
649,434,271
649,434,271
35.996
Unknown
https://frax.finance
@fraxfinance
1936x
€1807.66
Frax price charts
FRAX exchanges
Frax, the crypto
Frax (FRAX) is a cryptocurrency that aims to provide a stablecoin alternative to USD-pegged stablecoins.
The point
The main point of Frax (FRAX) is to create a stablecoin that is less volatile than other cryptocurrency options. Unlike other stablecoins, Frax (FRAX) uses a fractional algorithmic mechanism to maintain its price stability, rather than simply pegging it to the US dollar.
The problem
Frax (FRAX) is attempting to solve the issue of volatility in the cryptocurrency market by providing a stablecoin that can be used in everyday transactions without the risk of sudden price fluctuations. In addition, Frax (FRAX) aims to address concerns around traditional stablecoins that are fully backed by reserves, which may be subject to centralization and risk of collapse.
Compare FRAX and BTC performance
Timeframe | FRAX | BTC |
---|---|---|
1h change | -0.0978821 % | 0.111083 % |
24h change | -0.06 % | -1.53086 % |
7 day change | -0.32 % | -1.98102 % |
14 day change | -0.51 % | -6.97525 % |
30 day change | 1.51 % | -8.47656 % |
200 day change | -1.16 % | 125.519 % |
Year change | 3.33 % | 124.215 % |