The edge that pays for itself.
Legacy Frax Dollar (FRAX) Price
Legacy Frax Dollar Price
Technical Analysis
Daily indicators based on 1d candle data
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Gate.io | FRAX/TRY | 0.99 | 11.03 | 12.62 | 58,276.79 | 0.00 | cex | 1.00 | 4/21/2025, 3:40 PM |
| BVOX | FRAX/USDT | 1.00 | 0.00 | 0.00 | 30,577.04 | 0.00 | cex | 1.00 | 4/8/2025, 6:35 AM |
| LATOKEN | FRAX/USDT | 1.00 | 0.00 | 0.00 | 161.22 | 0.00 | cex | 1.00 | 5/7/2025, 8:57 AM |
| Poloniex | FRAX/USDT | 0.37 | 0.00 | 0.00 | 1.01 | 0.00 | cex | 1.00 | 7/9/2025, 6:23 AM |
| Gate.io | FRAX/USDT | 1.00 | 858.93 | 2,915.84 | 0.00 | 0.00 | cex | 235.00 | 5/7/2025, 12:01 PM |
| Gate.io | FRAX/ETH | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | cex | 1.00 | 4/8/2025, 6:32 AM |
| Bitrue | FRAX/USDT | 1.80 | 0.00 | 0.00 | 0.00 | 0.00 | cex | 1.00 | 7/2/2025, 6:18 AM |
Legacy Frax Dollar FAQ
The Frax Protocol represents the first fractional-algorithmic stablecoin system. It is open-source, permissionless, and fully on-chain, with its current implementation on Ethereum and potential for future cross-chain deployments. The primary objective of the Frax protocol is to deliver a highly scalable, decentralized, algorithmic form of money as an alternative to fixed-supply digital assets, such as BTC. The protocol features the following key components: Fractional-Algorithmic – Frax is distinct as a stablecoin, with portions of its supply backed by collateral and other portions determined algorithmically. The balance between collateralized and algorithmic supply is influenced by the market's pricing of the FRAX stablecoin. When FRAX trades above $1, the protocol reduces the collateral ratio; conversely, when FRAX trades below $1, the protocol increases the collateral ratio. Decentralized & Governance-minimized – The system is community governed and stresses a highly autonomous, algorithmic framework with minimal active management. Fully on-chain oracles – Frax v1 utilizes Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles. Two Tokens – FRAX serves as the stablecoin maintaining a narrow range around $1/coin. Frax Shares (FXS) function as the governance token, accruing fees, seigniorage revenue, and excess collateral value. Before the introduction of Frax, stablecoins were categorized into three types: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax distinguishes itself as the first decentralized stablecoin to fall under the fractional-algorithmic category, heralding a fourth and uniquely distinct classification.
The supply of the FRAX stablecoin is dynamic and constantly adjusts to maintain the price at $1, driven by its fractional-algorithmic monetary policy. The supply of Frax Shares (FXS) tokens is fixed at 100 million tokens from inception, with no planned inflation within the protocol. The FXS token serves as the governance token, accumulating all the value from newly minted FRAX, fees, and excess collateral. FXS operates as both an investment and governance asset, while FRAX functions as the currency token.
The Frax Protocol is a community-driven stablecoin with a unique design. More than 60% of the FXS supply is distributed over several years to liquidity providers and yield farmers. This protocol is completely decentralized, featuring on-chain governance. Notably, at its launch in November 2020, Frax became the first and only stablecoin to implement a fractional-algorithmic hybrid design. For more detailed information on Frax, you can refer to Eulerpool.
The Frax Protocol is the innovation of American software developer Sam Kazemian, who introduced the concept of a fractional-algorithmic stablecoin in 2019. The founding team of Frax engineers consists of Travis Moore and Jason Huan. Sam Kazemian initially conceived the idea when he observed the rapid growth of stablecoins, noticing that none incorporated a blend of algorithmic monetary policy and collateralization. Projects relying solely on algorithmic monetary policy had either failed or ceased operations without gaining substantial traction. Frax was created to assess the market's confidence in a stablecoin that is both partially algorithmic and partially collateralized.
FRAX, the stablecoin, is widely accessible on many prominent exchanges and DeFi platforms such as Uniswap and various DEXes. The Frax Shares (FXS) tokens are similarly available and possess the same level of liquidity as the stablecoin. Investors interested in acquiring potential appreciation and governance rights to the world’s premier fractional-algorithmic stablecoin should consider purchasing Frax Shares (FXS). Users seeking stability through the unique fractional-algorithmic stablecoin should opt for FRAX.
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