FRAX is only available to store
This asset is currently unavailable to trade on Gemini. You can store FRAX and transfer it with a compatible external wallet.
Frax
FRAX
$0.996169
$0.000537 (0.05%)
Past year
Volume (24H)
--
Circulating Supply
497.1M
Market Cap
$495.1M
About Frax (FRAX)
Frax Finance is a decentralized lending platform which issues the FRAX stablecoin. Frax Finance algorithmically sustains the value of FRAX through the use of fractional collateral reserves. The collateral used on Frax Finance is split between an accepted collateral (e.g. ether) and Frax Finance’s governance token, FXS. The collateralization ratio for FRAX changes based on its price.
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Frax links and resources
Frax Finance whitepaper
Frax Finance website
Frequently asked questions
Frax Token
FRAX is an ERC-20 token compliant with the Ethereum network. It is an algorithmic stablecoin that aims to hover around 1 USD.
Recent Frax (FRAX) Price Data
The price of Frax has increased by 0.02% in the past 24 hours. The current price is $0.996169 per Frax. The current circulating supply is 497.1M FRAX.
Last updated 2025/03/02 00:00 (UTC)