Staked Frax Ether is the vault token that accrues all proof of stake rewards of ETH validators run by Frax Finance protocol. sfrxETH is ERC4626 compliant and a non-rebasing, interest bearing token.
Staked Frax Ether Price Analysis
As of November 24 2024 Staked Frax Ether has a marketcap of $391M.
This is {{percentagefromath}} from its all time high of $7.54509K.
In terms of its tokenomics, there's a total supply of 104K with 100% currently outstanding.
Keep in mind Staked Frax Ether has a fully diluted value of $391M 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
