Details about Frax Price Index cryptocurrency
€641
84,632,007
12.524
Unknown
https://app.frax.finance/
@fraxfinance
13326x
€13899.4
Frax Price Index price charts
FPI exchanges
Frax Price Index, the crypto
Frax Price Index (FPI) is an index designed to track the price of the Frax stablecoin against a basket of other stablecoins and currencies.
The point
The main point of Frax Price Index (FPI) is to provide an accurate measure of the value of the Frax stablecoin in the wider cryptocurrency market.
The problem
The problem that Frax Price Index (FPI) tries to solve is the lack of transparency and standardization in the stablecoin market. By creating an index that tracks the value of Frax against other stablecoins and currencies, FPI aims to provide a more reliable and trustworthy way of measuring the value of Frax. This could help to increase the adoption of Frax and other stablecoins, as well as providing investors with a more accurate way of measuring their returns.
Compare FPI and BTC performance
| Timeframe | FPI | BTC |
|---|---|---|
| 1h change | -0.0712723 % | 0.757534 % |
| 24h change | 8.04 % | 3.78692 % |
| 7 day change | 0.43 % | -4.794 % |
| 14 day change | 0.8 % | -4.70093 % |
| 30 day change | 3.08 % | -3.61492 % |
| 200 day change | 0.63 % | 127 % |
| Year change | 6.8 % | 126.387 % |