Frax (FRAX) Hits 1-Day Trading Volume of $11.52 Million

Frax (FRAX) traded down 0.1% against the US dollar during the 1 day period ending at 21:00 PM Eastern on August 5th. One Frax coin can currently be purchased for about $1.00 or 0.00004294 BTC on major cryptocurrency exchanges. Frax has a total market capitalization of $1.42 billion and $11.52 million worth of Frax was traded on exchanges in the last day. Over the last week, Frax has traded 0% higher against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

  • JUMPN (JST) traded 54% lower against the dollar and now trades at $5.46 or 0.00018651 BTC.
  • Tarality (TARAL) traded 59% higher against the dollar and now trades at $0.0008 or 0.00000003 BTC.
  • Tether (USDT) traded down 0% against the dollar and now trades at $1.00 or 0.00004298 BTC.
  • The Web3 Project (WEB3) traded down 0.4% against the dollar and now trades at $144.34 or 0.00620339 BTC.
  • Sweet SOL (SSOL) traded up 600.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Bitsubishi (BITSU) traded up 37.7% against the dollar and now trades at $98.34 or 0.00428675 BTC.
  • XRP (XRP) traded up 0.9% against the dollar and now trades at $0.37 or 0.00001612 BTC.
  • Wrapped Cardano (WADA) traded 3.1% higher against the dollar and now trades at $0.52 or 0.00002217 BTC.
  • Gateway Protocol (GWP) traded 1.3% lower against the dollar and now trades at $3.55 or 0.00015277 BTC.
  • Lido stETH (STETH) traded down 0.6% against the dollar and now trades at $2,947.45 or 0.07417648 BTC.

About Frax

Frax launched on December 16th, 2020. Frax’s total supply is 1,425,995,664 coins. The official website for Frax 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 presently possible to buy alternative cryptocurrencies such as Frax directly using US dollars. Investors seeking to trade Frax should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax using one of the exchanges listed above.

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