Frax (prev. FXS)
FRAX#750 by market capQualifies for a record and its pages are captured daily, but the record has not been written yet.
Frax (prev. FXS) is for trading without a middleman. We have not written its record yet, so its promises are not checked. It trades at $0.2678, #734 of all coins by size, 99% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #12 of 26 stablecoin issuers. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: trading without a middleman
- ✓Real backingBacking: in the GMCI Index; trades on Crypto.com, Kraken, Binance
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $25.06M, 78 times smaller than Aave, the biggest coin within reach doing the same thing (Stablecoin Issuer)
In the GMCI Index
- Origin12 January 2022about about 4 yearsTagged Made in USA on CoinGeckofrax.finance, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingIn the GMCI IndexListed on Crypto.com, Kraken, Binance, Bybit
- Standing on the recordNo recordNo dated promise to judge yet2 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Stablecoin Issuer ($14.45M). To match the leader, Aave ($1.95B), its price would need to rise 7692%, to about $20.87.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- No named investor among its tags
- Only 2 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Trading without a middleman
121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #38 of 121 by worth.
Stablecoin Issuer: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Frax (prev. FXS)$25.06Mthis coin−2.3%no maxno record
Aave$1.95B77.9× bigger, +$1.93B+0.2%, gap +2.496% outno record
World Liberty Financial$1.82B72.7× bigger, +$1.8B+0.2%, gap +2.432% outno record
Sky$1.47B58.6× bigger, +$1.44B−0.3%, gap +2.0100% outno record
Ethena$1.42B56.6× bigger, +$1.39B−1.0%, gap +1.367% outno record
Curve DAO$543.04M21.7× bigger, +$517.98M−0.5%, gap +1.851% outnone dated
Telcoin$156.32M6.2× bigger, +$131.26M−0.1%, gap +2.299% out0 of 1 delivered
USD.AI$81.97M3.3× bigger, +$56.91M−2.1%, gap +0.220% out0 of 1 delivered
Stablecoin Issuer: this coin next to Aave, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Frax (prev. FXS) says
- .
- Aave says
- Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
No description on file.
Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 0% of that.
Where it trades: Crypto.com, Kraken, Binance, Bybit, WEEX
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Stablecoin Issuer: this coin next to the group's largest, Aave.
| Frax (prev. FXS) | Aave | |
|---|---|---|
| Years trading | 5 years | 6 years |
| Major exchanges | 4 | 10 |
| Named backers | 0 | 1 |
| Headlines, last month | 2 | 55 |
| Promises delivered | no record | no record |
It is 1.3% the size of Aave. On the facts above it is behind on years trading, major exchanges, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $42.80 on 12 January 2022. Today is 1% of that.
94%
of all FRAX that will ever exist is already out in public hands: 93.62M coins.
6% (6.06M coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
- A vote on how the project is run
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 93.62Min circulation of 99.68M total. No hard maximum is set, so more can be created.
- 1.1×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $42.80 on 12 January 2022. That is −99.4% from the top.
- #734by market cap, $25,062,944.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $19.22M is locked in apps built on it right now
- Users paid $94 in fees to use it in the last 30 days, $94 of that kept by the network
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
2 headlines named this coin in the last month.
What they were about
Headlines are the publishers' own. News is never placed next to price.
The record itself
Qualifies for a record and its pages are captured daily, but the record has not been written yet.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy