Frax (FRAX) Tops 24 Hour Volume of $9.82 Million

Frax (FRAX) traded down 0% against the dollar during the 24 hour period ending at 7:00 AM ET on September 9th. In the last week, Frax has traded 0% lower against the dollar. Frax has a market cap of $1.48 billion and $9.82 million worth of Frax was traded on exchanges in the last 24 hours. One Frax coin can now be bought for about $1.00 or 0.00004761 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Tether (USDT) traded 0% higher against the dollar and now trades at $1.00 or 0.00004767 BTC.
  • USD Coin (USDC) traded 0% lower against the dollar and now trades at $1.00 or 0.00004766 BTC.
  • Polkadot (DOT) traded up 7.9% against the dollar and now trades at $7.83 or 0.00037339 BTC.
  • Polygon (MATIC) traded up 6.9% against the dollar and now trades at $0.89 or 0.00004245 BTC.
  • Shiba Inu (SHIB) traded 7.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • HEX (HEX) traded down 0.6% against the dollar and now trades at $0.0400 or 0.00000191 BTC.
  • Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00004766 BTC.
  • Wrapped Bitcoin (WBTC) traded up 8.3% against the dollar and now trades at $20,899.80 or 0.99601269 BTC.
  • yOUcash (YOUC) traded 0% higher against the dollar and now trades at $0.51 or 0.00002438 BTC.
  • Chainlink (LINK) traded up 10% against the dollar and now trades at $7.95 or 0.00037909 BTC.

Frax Profile

Frax (FRAX) is a N/A coin that uses the N/A hashing algorithm. It launched on December 16th, 2020. Frax’s total supply is 1,484,779,698 coins. Frax’s official website is frax.finance/#welcome. Frax’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

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 Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Frax directly using US dollars. Investors seeking to acquire Frax should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax using one of the exchanges listed above.

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