Frax Finance - Frax
FRXETH
#3124
$3,304.74
-0.99% (1d)Market Cap
$0
BTC Price
$0
FDV
$172.4M
Vol24h
$1.7M
Circulating Supply
-
Total Supply
52.2K FRXETH
Info
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Website
Website Whitepaper -
Community
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Algorithm
Keccak 256
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Proof Type
N/A
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Block Reward
0
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All Time High
--
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ATL Date
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The current price of Frax Finance - Frax is $3,304.74 in USD. As of now, a total of 0 FRXETH are in circulation across the market. Frax Finance - Frax has experienced a price change of -0.99% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Frax Finance - Frax trading volume on crypto exchanges has reached $1.7M.
Description
Frax Ether (frxETH) is the native token of Fraxtal, an Ethereum Layer 2 blockchain developed by Frax Finance. Originally issued as a liquid staking derivative on Ethereum, frxETH now also functions as the primary gas token on Fraxtal. It is used to pay for transactions and smart contract execution across the network. frxETH retains its ERC-20 format, allowing it to be bridged between Ethereum and Fraxtal through a native bridge. This dual functionality enables frxETH to operate both as a staking asset on Ethereum and as a blockchain-native token on Fraxtal. The network also introduces an incentive mechanism called Flox, where FXTL points are distributed to users and developers based on their gas usage and activity. This positions frxETH at the core of Fraxtal’s economic model and infrastructure. Frax Finance, led by Sam Kazemian, created both frxETH and the Fraxtal network as part of its broader DeFi ecosystem.
FRXETH Markets
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FRXETH News
At this time, there are no updates to share. We will keep you informed as soon as there is any news
