Frax Price Today (FRAX)
2.62%
24H
1W
1M
1Y
ALL
Market Capitalization | Fully Diluted Valuation | Circulating Supply |
|---|---|---|
Rp 508,74 Billion | Rp 541,7 Billion | 93.617.744 FRAX |
Maximum Supply | Global Volume (24 Hours) | Total Value Locked |
- | Rp 8,66 Billion | Rp 2,21 Trillion |
Market Capitalization | Rp 508,74 Billion |
|---|---|
Fully Diluted Valuation | Rp 541,7 Billion |
Circulating Supply | 93.617.744 FRAX |
Maximum Supply | - |
Global Volume (24 Hours) | Rp 8,66 Billion |
Total Value Locked | Rp 2,21 Trillion |
The data is obtained from coingecko.com and is presented for informational purposes, not as financial advice.
About Frax
The Frax protocol is the first stablecoin with a fractional-algorithm system. Frax is open, decentralized and implemented on-chain. FRAX stablecoin supply is backed partly by collateral and partly by an algorithmic system. It is the first stablecoin to implement a hybrid (fractional) seigniorage model. The ultimate goal of the Frax protocol is to provide highly scalable, decentralized and stable digital money.
Frax Share (FXS) is a protocol utility token that fluctuates like any other crypto asset. It captures the value of all newly minted FRAX, the fees earned by the protocol, and the guarantees over FRAX models. The FXS token is designed to be deflationary as its supply will continue to decrease as demand for FRAX increases.
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