Market Rank | #144 |
---|---|
Market Cap | $ 647.0M |
Volume 24h | $ 9.6M |
Circ. Supply | 649.5M |
Total Supply | 649.5M |
Max Supply | ? |
The current price of Frax (FRAX) is $ 0.99616700.
Frax is a fully decentralized stablecoin that has its value pegged to the United States Dollar. It operates on an innovative fractional-algorithmic mechanism, combining the stability of collateralized assets with the unlimited scalability of algorithmic cryptocurrencies.
The value of Frax (FRAX) is maintained by a delicate balance between collateral-backed assets and algorithmically generated tokens. Its revolutionary fractional-Algorithmic monetary policy allows it to maintain a stable value against the US Dollar, while also possessing the flexibility to adjust to market changes.
As of the latest data, the market capitalization of Frax ranks at #145 with a total market cap of $ 647.0M.
Over the last 24 hours, the price of Frax (FRAX) has increased by +0.07%.
The 24-hour trading volume of Frax has been recorded at 9.6M, an indication of significant trading activity in the market.
Currently, the circulating supply of Frax (FRAX) is 649.5M, with a total supply of 649.5M.
Frax (FRAX) can be purchased safely on the following Gate.io. These platforms offer a secure and user-friendly environment for cryptocurrency trading.
As with most cryptocurrencies, you can securely store your Frax (FRAX) in a digital wallet. Wallets that support the same blockchain as Frax should be compatible. It's important to use a reputable wallet provider and employ sturdy security measures, like enabling two-factor authentication and keeping your private keys secure.
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