Number of on-chain transactions for FRAX in the last 24h.
Buying addresses : 138
Selling addresses : 95
Comparison of fund inflow vs outflow for FRAX, identifying the market momentum.
Inflow : $34,574
Outflow : $20,168
Type of players driving the momentum in FRAX: Whales, dolphins or fish.
Buy : $34,641
Sell : $20,232
Large
$0 Buy
$0 Sell
Medium
$0
$0
Small
$34,641
$20,232
Frax Finance (Frax for short), formerly known as Decentral Bank, is a fractional algorithm stable currency protocol. Frax is an open source, permissionless, and fully on-chain protocol, currently running on Ethereum (cross-chain operation may be realized in the future). The ultimate goal of the Frax protocol is to provide a highly scalable and decentralized algorithmic currency to replace fixed-supply digital assets such as BTC. The name of the stable currency FRAX comes from the "cent coin-algorithm" stabilization mechanism. The ratio of collateral to algorithm depends on the market's pricing of FRAX stablecoins. When the transaction price of FRAX is above $1, the agreement will reduce the mortgage ratio. When the trading price of FRAX is below $1, the agreement will increase the collateral ratio.
$2,813,406
FRAX
1,421,045
FPI
1,234,414
FRAX : FPI
1:0.867242
$2,768,400
FRAX
1,903,951
frxETH
307
FRAX : frxETH
1:0.0003429
$1,522,651
FRAX
1,318,863
USDC
218,382
USDC : FRAX
1:1.011