Frax Price Index Share
(FPIS)$ 2.21
0.02 % (24H)Frax Price Index Share Data
Price Range (24H)
Lowest
$ 2.21
Highest
$ 2.21
ATH
$ 2.21
Price Change (24h)
0.02 %
Price Change (7d)
0 %
Market Cap
$ 220,864,000
24h Volume
$ 0
Circulating Supply
0
Max Supply
-1
Frax Price Index Share Overview
Frax is a fractional-algorithmic stablecoin protocol. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum and 12 other chains. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The Frax ecosystem has 2 stablecoins: FRAX (pegged to the US dollar) & FPI (pegged to the Consumer Price Index).