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Frax Finance - Frax Ether

Frax Finance - Frax Ether priceFRXETH

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Frax Finance - Frax Ether price calculator

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FRXETH
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1 FRXETH = 3,755.89 USD
Last updated 2024-05-30 01:03:01(UTC-0)
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Frax Finance - Frax Ether price live data summary

The live price of Frax Finance - Frax Ether is $3,755.89 per (FRXETH / USD) today with a current market cap of $0.00 USD. The 24-hour trading volume is $4.45M USD. FRXETH to USD price is updated in real time. Frax Finance - Frax Ether is -2.09% 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.

Frax Finance - Frax Ether price prediction

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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 $5,494.58 in 2025.

What will the price of FRXETH be in 2030?

In 2030, the FRXETH price is expected to rise by -5.00%. By the end of 2030, the FRXETH price is projected to reach $9,124.85, with a cumulative ROI of +142.95%.
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Frax Finance - Frax Ether price performance in USD

24h7d30d90d1yAll-time
-2.09%+0.24%+16.24%+12.06%+97.40%--
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Frax Finance - Frax Ether price history in USD

TimeLowHigh
24h$3,740.43$3,860.13
7d$3,651.14$3,932.42
30d$2,824.47$3,932.42
90d$2,824.47$4,057.55
1y$1,520.84$4,057.55
All-time$1,374.94(2023-03-10, 1 years ago )$4,057.55(2024-03-12, 79 days ago )
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Frax Finance - Frax Ether market information

Market cap
--
-2.09%
Fully diluted market cap
--
-2.09%
Volume (24h)
$4,447,503.69
+71.11%
Market rankings
Circulation rate
0.00%
24h volume / market cap
0
Circulating supply
0 FRXETH
Total supply / Max supply
-- FRXETH
-- FRXETH
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Buy Frax Finance - Frax Ether for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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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.

Trade FRXETH perpetual futures

After having successfully signed up on Bitget and purchased USDT or FRXETH tokens, you can start trading derivatives, including FRXETH futures and margin trading to increase your income.

The current price of FRXETH is $3,755.89, with a 24h price change of -2.09%. Traders can profit by either going long or short onFRXETH futures.

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.

People are also inquiring about the price of Frax Finance - Frax Ether.

What is the current price of Frax Finance - Frax Ether?
We update our Frax Finance - Frax Ether to USD price in real time. Get the live Price of Frax Finance - Frax Ether 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 $4.45M.
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.
Buy Frax Finance - Frax Ether for 1 USD
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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.

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