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Buy Frax with Coinbase Wallet

Frax can be traded using Coinbase Wallet, your key to the world of crypto.

About Frax

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.


Market stats

Market cap


Volume (24h)


Circulating supply

649.4M FRAX

All time high


Market performance

Price change (1h)


Price change (1d)


Price change (1w)


Price change (2w)


Price change (1m)


Price change (1y)


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Frax is on the rise this week.

The price of Frax has decreased by 0.02% in the last hour and increased by 0.12% in the past 24 hours. Frax’s price has also risen by 0.05% in the past week. The current price is $1.00 per FRAX with a 24-hour trading volume of $24.57M. Currently, Frax is valued at 18.73% below its all time high of $1.23. This all-time high was the highest price paid for Frax since its launch.

The current circulating supply of Frax is 649,434,270.519 FRAX which means that Frax has as total market cap of 649,434,270.519.


What is the current price of Frax?

We update our Frax to USD currency in real-time. Get the live price of Frax on Coinbase.

What is the market cap of Frax?

The current market cap of Frax is $648.28M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Frax?

The all-time high of Frax is $1.23. This all-time high is highest price paid for Frax since it was launched.

What is the 24 hour trading volume of Frax?

Over the last 24 hours, the trading volume of Frax is $24.57M.

What other assets are similar to Frax?

Assets that have a similar market cap to Frax include SingularityNET, Venus BNB, Aave ENS V2, and many others. To see a full list, see our comparable market cap assets.

How many Frax are there?

The current circulating supply of Frax is 649 million.

Can I buy Frax on Coinbase?

Yes, Frax is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Frax guide.