frxETH is a liquid staking derivative issued by Frax Finance protocol. Each frxETH is backed by at least 1 ETH in validator nodes at all times.
Frax Ether Price Analysis
As of December 5 2024 Frax Ether has a marketcap of $580M.
This is {{percentagefromath}} from its all time high of $4.06268K.
In terms of its tokenomics, there's a total supply of 152K with 100% currently outstanding.
Keep in mind Frax Ether has a fully diluted value of $580M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
