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Frax

FraxFRAX

Stablecoin Protocol

$1.37

-1.64%
Frax Finance ¤⛓️¤
Frax Finance ¤⛓️¤
@Frax Finance ¤⛓️¤
Followers102.59 K
Following336
Influence Index935

Details

24h High$1.43
24h Turnover$17.08K
All-Time High(ATH)$1.14
All-Time Low (ATL)$0.8745
Market Cap / Fully Diluted Valuation
+64.04%
Fully Diluted Valuation (FDV)
$125.15M
24h Low$1.22
Market Cap
$195.40M
Circulating Supply
90.89M FRAX
Total Supply
141.90M FRAX
Max Supply
141.90M FRAX
Market SentimentPositive
Supported Exchanges
gate+33

Related News

Frax is developing a tech stack for AI agents on blockchain
The Block 2024-12-12
Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers
Coindesk 2024-02-26
Frax Launches Modular Layer 2 Blockchain
The Defiant2024-02-09

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About Frax

Founded

2019

Ecosystem

Community

Tags

DeFi
LSD
Stablecoin Protocol
Frax Finance is a stablecoin protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. FRAX v3 is a dollar-pegged stablecoin that uses AMO smart contracts and permissionless, non-custodial subprotocols as stability mechanisms. The two internal subprotocols used as stability mechanisms are Fraxlend, a decentralized lending market and Fraxswap, an automated market maker (AMM) with special features. The external subprotocol used as a stability mechanism is Curve.

Team Members

Sam Kazemian
Sam KazemianFounder
Travis Moore
Travis MooreCo-Founder & Chief Technology Officer
Bitkevin
BitkevinBD
Vince Dowdle
Vince DowdleVP of Strategic Initiatives & Alliances
Nader Ghazvini
Nader Ghazvini Head of Governance & Core Team Member

Investors

DragonflyDragonfly
Electric CapitalElectric Capital
Robot VenturesRobot Ventures
Crypto.com CapitalCrypto.com Capital
Balaji SrinivasanBalaji Srinivasan
Stani KulechovStani Kulechov

Fundrasing details

Funding RoundAmountValuation
Date
Investors
Strategic
--
--
2021-07-15
DragonflyDragonfly*
Electric CapitalElectric Capital
+ 4

Subsidiary Organizations

Fraxtal
Fraxtal
EVM equivalent rollup