|Market Cap||$ 668.0M|
|Volume 24h||$ 16.1M|
The current price of Frax (FRAX) is $ 0.99749700.
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 #77 with a total market cap of $ 668.0M.
Over the last 24 hours, the price of Frax (FRAX) has decreased by -0.27%.
The 24-hour trading volume of Frax has been recorded at 16.1M, an indication of significant trading activity in the market.
Currently, the circulating supply of Frax (FRAX) is 669.7M, with a total supply of 669.7M.
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.