$ 3,296.99 USD
$ 3,296.99 USD
$ 0.00 0.00 USD
$ 0.00 USD
$ 1.871 million USD
$ 1.871m USD
$ 19.044 million USD
$ 19.044m USD
0.00 0.00 FRXETH
Issue Time
2023-01-12
Platform pertained to
--
Current price
$3,296.99USD
Market Cap
$0.00USD
Volume of Transaction
24h
$1.871mUSD
Circulating supply
0.00FRXETH
Volume of Transaction
7d
$19.044mUSD
Change
24h
0.00%
Number of Markets
115
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
+25.53%
1Y
+61.47%
All
+137.83%
Frax Ether (FraxETH) is a stablecoin variant of Ethereum, introduced by Frax Finance, a platform known for pioneering the concept of a fractional-algorithmic stablecoin system. FraxETH is designed to offer the benefits of Ethereum while providing greater price stability, making it an attractive asset for use in decentralized finance (DeFi) applications where volatility can be a concern.
FraxETH is part of the Frax Finance ecosystem, which aims to create stable versions of popular cryptocurrencies. Users can mint FraxETH by locking up their Ethereum in smart contracts, which helps maintain its peg to the actual value of Ethereum but with reduced volatility. This process ensures liquidity and stability in the market.
By integrating the stability features of Frax with the utility of Ethereum, FraxETH allows users to engage in DeFi activities more confidently, supporting broader adoption and enhancing the functionality of smart contracts and decentralized applications across the blockchain.
6 ratings