Frax Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category. How Many FRAX and FXS Coins Are There in Circulation? The supply of the FRAX stablecoin is dynamic and always changing to keep the price at $1 due to its fractional-algorithmic monetary policy.
As of March 2023 Frax has a market cap of 910.76M. This makes Frax the world's 55th largest crypto project.