About Legacy Frax Dollar
Legacy Frax Dollar (FRAX) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Legacy Frax Dollar has a current supply of 298,640,637.98783284. The last known price of Legacy Frax Dollar is 0.99785634 USD and is down -0.18 over the last 24 hours. It is currently trading on 730 active market(s) with $40,316,904.52 traded over the last 24 hours.
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Trading Insights
Searched
2
Market Stats
Market Cap
$297.90M
FDV
$297.90M
Circ. Supply
299M FRAX
Max Supply
Not enough data
Total Supply
299M FRAX
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$4.69M
221.67%
Volume (7D)
$33.66M
Volume (30D)
$144.68M
All time high
$1.23
Price Change (1Y)
0.14%
Additional details
Market details
FRAX vs markets
↘ 36.34%
FRAX vs BTC
↘ 45.88%
FRAX vs ETH
↘ 14.22%
Tags
defi
stablecoin
yield-farming
seigniorage
+2
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x853d955aCEf822Db058eb8505911ED77F175b99e | |
Avalanche C-Chain | 0xDC42728B0eA910349ed3c6e1c9Dc06b5FB591f98 | |
Polygon | 0x45c32fA6DF82ead1e2EF74d17b76547EDdFaFF89 | |
Solana | FR87nWEUxVgerFGhZM8Y4AggKGLnaXswr1Pd8wZ4kZcp |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.00 | ↘ 0.02% |
1 Day | $1.00 | ↘ 0.04% |
1 Week | $1.00 | ↘ 0.22% |
1 Month | $1.00 | ↘ 0.14% |
1 Year | $1.00 | ↗ 0.14% |
Coinbase insights
Recent trends
The latest FRAX price is $1.00. Compared to Legacy Frax Dollar's value of $1.00 from 24 hours ago, there's been a -0% decrease, while the current price is -0% down from $1.00 which was recorded one week ago. Legacy Frax Dollar's all time high is $1.23, which was reached on July 12, 2023. This is a -19% change from its price today.
The market cap is currently $297.90M, which is a result of multiplying the current price of Legacy Frax Dollar($1.00) by the total supply(298,640,638 FRAX). The fully diluted valuation of Legacy Frax Dollar is $297.90M. The diluted valuation of Legacy Frax Dollar is $297.90M.
FAQ
Frax (FRAX) is a new standard of stablecoins. The name FRAX is derived from the "fractional-algorithmic" stability mechanism. The Frax protocol has introduced a cryptocurrency that is partially backed by collateral and stabilized algorithmically in the fractional algorithmic protocol. The Frax stablecoin is an open-source, permissionless, and completely on-chain. It is implemented on Ethereum and other blockchains. Here, on-chain transactions refer to the transactions that occur on the blockchains. Frax protocol aims to provide scalable and decentralized funds in place of a fixed supply of digital assets.
According to the whitepaper, many stablecoin protocols embrace entirely one spectrum of design, either collateralized or algorithmic, with no backing. However, two problems are associated with the entirely collateralized stablecoins: drisk loss because of poor performance or on-chain over-collateralization. On the other hand, algorithmic design stablecoin protocols are difficult to bootstrap, slow to grow, and exhibit an extreme period of volatility.
Frax protocol implements design principles of both the spectrums mentioned above to create a highly scalable, trustless, stable, and on-chain fund. The protocol is a two-token system encompassing Frax (FRAX), a stablecoin, and Frax Shares (FXS), which is a governance token.
The liquidity pool (LP) token is the FRAX stablecoin, which users can redeem any time. Liquidity is the easy conversion of an asset into traditional currency without impacting the market price. The FRAX stablecoin is completely collateralized. Users can also mint the FRAX by placing collateral into the minting contract. Minting is a process of producing new tokens through the proof-of-stake (PoS) protocol. The protocol accepts all types of cryptocurrencies as collateral and mainly accepts on-chain stablecoins as collateral to smoothen out volatility in the collateral.
Coming to its tokenomics, FXS is the native utility token of the FRAX protocol. The token is volatile and takes a decentralized approach to design its digital money in the same ethos as Bitcoin. Initially, there was a supply of 100 million tokens at genesis. However, as the token gets minted at higher algorithmic ratios, the amount of token in circulation results in deflationary supply. The FRAX protocol now enables its token holders to lock up their owned tokens in veFXS and earn special rewards and AMO benefits. veFXS is a yield generating system by which users can lock up their tokens for up to four years to get four times the amount of locked-up tokens.
We update our Legacy Frax Dollar to USD currency in real-time. Get the live price of Legacy Frax Dollar on Coinbase.
The current market cap of Legacy Frax Dollar is $297.90M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Legacy Frax Dollar is $1.23. This all-time high is highest price paid for Legacy Frax Dollar since it was launched.
Over the last 24 hours, the trading volume of Legacy Frax Dollar is $4.69M.
Assets that have a similar market cap to Legacy Frax Dollar include UPCX, WhiteRock, Qubic, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Legacy Frax Dollar is 299 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Legacy Frax Dollar news
Trending articles
Social stats
Popularity in posts
#1352
Contributors
160
Posts
304
% About Legacy Frax Dollar
0.022%
Hold times
0 days
X (Twitter)
19.46% bullish
Sentiment
4.1 ★
Highlights
160 unique individuals are talking about Legacy Frax Dollar and it is ranked #1,352 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Legacy Frax Dollar has an average sentiment score of 81 out of 5. Finally, Legacy Frax Dollar is becoming less newsworthy, with 0 news articles published about Legacy Frax Dollar.
On Twitter, people are mostly neutral about Legacy Frax Dollar. There were 23.05% of tweets with bullish sentiment compared to 18.45% of tweets with a bearish sentiment about Legacy Frax Dollar. 76.95% of tweets were neutral about Legacy Frax Dollar. These sentiments are based on 301 tweets.
On Reddit, Legacy Frax Dollar was mentioned in 3 Reddit posts and there were 1 comments about Legacy Frax Dollar. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.