Frax (FRAX) 24-Hour Trading Volume Reaches $174.15 Thousand

Frax (FRAX) traded down 0.2% against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on December 23rd. Over the last seven days, Frax has traded 0.1% lower against the US dollar. One Frax token can now be bought for about $0.99 or 0.00001130 BTC on popular cryptocurrency exchanges. Frax has a total market cap of $277.81 million and approximately $174.15 thousand worth of Frax was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.1% lower against the dollar and now trades at $87,784.19 or 0.99677279 BTC.
• SolvBTC (SOLVBTC) traded 2.5% lower against the dollar and now trades at $87,689.11 or 0.99997580 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Profile

Frax launched on December 21st, 2020. Frax’s total supply is 280,353,537 tokens. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official message board for Frax is fraxfinancecommunity.medium.com. The official website for Frax is frax.com.

According to CryptoCompare, “Frax attempts to be the first stablecoin protocol to implement design principles of both to create a highly scalable, trustless, extremely stable, and ideologically pure on-chain money. The Frax protocol is a two token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). The protocol also has pool contracts which hold collateral (at genesis USDT and USDC). Pools can be added or removed with governance.”

Frax Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Frax directly using U.S. dollars. Investors seeking to acquire Frax should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax using one of the aforementioned exchanges.

FRAX/USD price chart by TradingView