The Frax Protocol is the first stablecoin system that uses a fractional algorithm. Frax is an open-source, permissionless, and completely on-chain protocol that is presently implemented on Ethereum.

The current price of Frax (FRAX) is $0.995016, as of January 20, 2025. Over the last 24 hours, the price has moved by 0.09%, with a change of -0.16% in the past hour. For longer-term performance, the ...