Frax (FRAX) currently has a price of $1.00 and is up 0.29% over the last 24 hours. The cryptocurrency is ranked 98 with a market cap of $650.1M. Over the last 24 hours, it saw $10.3M of trading volume. The token has a circulating supply of 649.7M tokens out of a total supply of 649.7M tokens.
Frax (FRAX) is a stablecoin cryptocurrency that maintains price stability through a dual-collateral system and an algorithmic model. It can expand or contract its supply as needed, without the need for central control. Users can earn interest through Frax Finance and integrate it into existing DeFi protocols. Frax is built on Ethereum, offers low fees, and quick settlement times. However, it's important to understand the risks associated with cryptocurrency investments.
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