Exchange rate of FRAX (FRAX) to TRY (TRY)

1 FRAX = 37.80 TRY
+0.3% (24h)

Quotation rate chart FRAX (FRAX):

Exchange rates of FRAX/TRY by today

Stock	Quote rate	Volume	Min	Max	Δ (24h)	Refreshed
Gateio	37.80	2321503	37.52	38.02	+0.3%	1 second ago

TOP 10 trades with FRAX

Ticker	Rate	Min	Max	Δ (24h)	Refreshed
FRAX-USDT	1.00	0.993000	0.997000	+0.1%	2025-04-21 07:46:26
FRAX-TRY	37.80	37.52	38.02	+0.3%	2025-04-21 07:46:26

Other cryptocurrencies

BTC 87 314.95 ^+1.7%

ETH 1 640.13 ^+2.3%

BNB 603.21 ^+1.6%

XRP 2.12 ^+1.2%

Frax (FRAX) is a hybrid cryptocurrency that combines elements of algorithmic stablecoins and collateral-backed stablecoins. It is designed to provide stability and reduce volatility by maintaining a target price pegged to a specific value, often the US Dollar (USD).

FRAX (Algorithmic Stablecoin): FRAX is the algorithmic stablecoin within the Frax protocol. Its supply is algorithmically adjusted based on market demand and supply conditions to maintain its peg to the target value (e.g., 1 USD). When the price of FRAX is above the target value, new FRAX tokens are minted. When the price is below the target, FRAX can be burned to reduce supply.

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Exchange rate of FRAX (FRAX) to TRY (TRY)

1 FRAX = 37.80 TRY +0.3% (24h)

Quotation rate chart FRAX (FRAX):

Exchange rates of FRAX/TRY by today

TOP 10 trades with FRAX

1 FRAX = 37.80 TRY
+0.3% (24h)