Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
    Frax Finance - Frax Ether price

    Frax Finance - Frax Ether priceFRXETH

    focusIcon
    subscribe
    Quote currency:
    USD

    Frax Finance - Frax Ether price calculator

    More cryptocurrencies calculator >
    FRXETH
    VectorImg
    USD
    1 FRXETH = 3,080.89 USD
    Last updated 2024-11-18 11:53:52(UTC-0)
    Buy FRXETH

    Frax Finance - Frax Ether price live data summary

    The live price of Frax Finance - Frax Ether is $3,080.89 per (FRXETH / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $1.58M USD. FRXETH to USD price is updated in real time. Frax Finance - Frax Ether is -0.84% in the last 24 hours. It has a circulating supply of 0 .

    What is the highest price of FRXETH?

    FRXETH has an all-time high (ATH) of $4,057.55, recorded on 2024-03-12.

    What is the lowest price of FRXETH?

    FRXETH has an all-time low (ATL) of $1,374.94, recorded on 2023-03-10.
    Calculate Frax Finance - Frax Ether profit

    Frax Finance - Frax Ether price prediction

    What will the price of FRXETH be in 2025?

    Based on FRXETH's historical price performance prediction model, the price of FRXETH is projected to reach $3,818.66 in 2025.

    What will the price of FRXETH be in 2030?

    In 2030, the FRXETH price is expected to change by -1.00%. By the end of 2030, the FRXETH price is projected to reach $9,758.17, with a cumulative ROI of +209.64%.

    Frax Finance - Frax Ether ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Frax Finance - Frax Ether (FRXETH)

    An In-depth Look at Frax Finance - The Frax Ether Token

    Frax Finance is making headlines in the decentralized finance (DeFi) ecosystem with its unique and innovative approach to creating a stable and reliable cryptocurrency. In this article, we will delve deeper into understanding the basic functionality of this platform and its central stablecoin: the Frax Ether Token.

    Introducing Frax Finance

    Frax Finance is a DeFi platform designed to establish a genuinely decentralized and highly scalable stablecoin with a twist. It’s an algorithmic stablecoin protocol that aims to maintain price parity with the U.S. dollar. The platform's primary token is the Frax Ether Token (FRAX), which represents a significant shift in the decentralized finance space.

    The Fundamentals of Frax Ether Token

    The Frax Ether Token (FRAX) stands out from the crowd due to its fundamental difference - it’s an algorithmic stablecoin that seamlessly leverages the potential of DeFi in its design. Different from other stablecoins, FRAX isn't entirely collateralized by U.S. dollars or overly dependent on complex algorithms. Instead, it uses a prevalent model known as fractional-algorithmic reserve.

    In this model, the pricing of FRAX is kept stable by an algorithmic policy that intelligently adapts the token’s supply according to its demand. The protocol also utilizes a collateral ratio that's partially backed by the U.S. dollar and partially stabilized algorithmically. This mechanism creates an equilibrium where the token can adjust its sustenance and survive market fluctuations.

    The Value Proposition of Frax Ether Token

    Moreover, the Frax Ether Token envisages to overcome the inherent problems persistent in the current stablecoin market. The developed system aims to create a blend of stability, decentralization, and scalability—a unique proposition not quite seen before in the stablecoin space. Here's what makes the Frax Ether Token stands out:

    1. Stability: Being a stablecoin, the value of FRAX is pegged to the U.S. dollar, promoting stability.

    2. Scalability: With its unique fractional-algorithmic reserve, FRAX can scale efficiently and adapt to market fluctuations.

    3. Decentralization: Unlike many other stablecoins, the Frax Finance protocol runs in a decentralized manner with the community having the power over governance decisions.

    4. Security: The Frax Finance protocol is designed to safeguard against vulnerabilities, making it secure for participants.

    5. Yield Generation: Frax Finance users can also earn native FXS rewards by participating in the Frax ecosystem, thereby generating yields.

    With its unique propositions, Frax Ether Token is aiming at becoming a major player in the DeFi stablecoin ecosystem. Its overcoming of persistent problems, creating new opportunities and shaping decentralization truly make it a promising blockchain project to look upon.

    Conclusion

    In a nutshell, with the Frax Ether Token, Frax Finance aims to provide a scalable, secure, and decentralized solution to the volatility and centralization issues plaguing the current stablecoin marketplace. By combining the stability and security of collateral-backed stablecoins with the infinite scalability of an algorithmic stablecoin, this project shows promising potential in the DeFi space.

    Ultimately, the real success of the platform will reside in the hands of its user community. As the DeFi space continues to evolve, projects like Frax Ether Token offering innovative solutions will be at the forefront of this digital financial revolution.

    Frax Finance - Frax Ether price performance in USD

    24h7 days30 days90 days1 yearAll-time
    -0.84%-3.00%+17.05%+16.16%+58.52%+132.13%

    Frax Finance - Frax Ether price history in USD

    The price of Frax Finance - Frax Ether is +58.52% over the last year. The highest price of in USD in the last year was $4,057.55 and the lowest price of in USD in the last year was $1,929.53.
    TimeLowHigh
    24h$3,053.75$3,131.47
    7d$3,042.68$3,407.6
    30d$2,374.97$3,407.6
    90d$2,146.9$3,407.6
    1y$1,929.53$4,057.55
    All-time$1,374.94(2023-03-10, 1 years ago )$4,057.55(2024-03-12, 251 days ago )

    Frax Finance - Frax Ether market information

    Market cap
    --
    -0.84%
    Fully diluted market cap
    --
    -0.84%
    Volume (24h)
    $1,575,115.29
    +1.81%
    Market rankings
    Circulation rate
    0.00%
    24h volume / market cap
    0
    Circulating supply
    0 FRXETH
    Total supply / Max supply
    -- FRXETH
    -- FRXETH
    Buy Frax Finance - Frax Ether now

    How to buy Frax Finance - Frax Ether(FRXETH)

    Create Your Free Bitget Account

    Create Your Free Bitget Account

    Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
    Verify Your Account

    Verify Your Account

    Verify your identity by entering your personal information and uploading a valid photo ID.
    Buy Frax Finance - Frax Ether (FRXETH)

    Buy Frax Finance - Frax Ether (FRXETH)

    Use a variety of payment options to buy Frax Finance - Frax Ether on Bitget. We'll show you how.

    Join FRXETH copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or FRXETH tokens, you can also start copy trading by following elite traders.

    FAQ

    What is the current price of Frax Finance - Frax Ether?

    The live price of Frax Finance - Frax Ether is $3,080.89 per (FRXETH/USD) with a current market cap of $0 USD. Frax Finance - Frax Ether's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Frax Finance - Frax Ether's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Frax Finance - Frax Ether?

    Over the last 24 hours, the trading volume of Frax Finance - Frax Ether is $1.58M.

    What is the all-time high of Frax Finance - Frax Ether?

    The all-time high of Frax Finance - Frax Ether is $4,057.55. This all-time high is highest price for Frax Finance - Frax Ether since it was launched.

    Can I buy Frax Finance - Frax Ether on Bitget?

    Yes, Frax Finance - Frax Ether is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in Frax Finance - Frax Ether?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Frax Finance - Frax Ether with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Frax Finance - Frax Ether (FRXETH)?

    Buy crypto on the Bitget app
    Sign up within minutes to purchase crypto via credit card or bank transfer.
    google download badgeios download badge
    Trade on Bitget
    Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.

    Video section — quick verification, quick trading

    play cover
    How to complete identity verification on Bitget and protect yourself from fraud
    1. Log in to your Bitget account.
    2. If you're new to Bitget, watch our tutorial on how to create an account.
    3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
    4. Choose your issuing country or region and ID type, and follow the instructions.
    5. Select “Mobile Verification” or “PC” based on your preference.
    6. Enter your details, submit a copy of your ID, and take a selfie.
    7. Submit your application, and voila, you've completed identity verification!
    Cryptocurrency investments, including buying Frax Finance - Frax Ether online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Frax Finance - Frax Ether, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Frax Finance - Frax Ether purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

    Trade

    Earn

    FRXETH is not available for trading on the Bitget Exchange, but can be held in custody on Bitget wallet.
    You can trade other coins like BTC on Bitget.

    BTC/USDT

    Spot

    BTC/USDT

    Margin
    Contracts
    MoreMore
    https://img.bitgetimg.com/multiLang/develop/web/Arbitrum.png
    Arbitrum
    0x1784...3770c2A
    copy
    wallet
    Links
    WebsiteWhitepaperXGithub

    Related assets

    People also view
    People who viewed FRXETH also show interest in the following cryptocurrencies.
    Trending assets
    Assets with the biggest change in unique page views on Bitget.com over the past 24 hours
    Popular cryptocurrencies
    A selection of the top 12 cryptocurrencies by market cap.
    Comparable market cap
    Among all Bitget assets, these 12 are the closest to Frax Finance - Frax Ether in market cap.