Axelar Bridged Frax Ether AXLFRXETH
1. Summary
- Price
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$1,611.20 +0.7%
- Market Cap
- $0.00 (#11543)
- Supply
- 0.00 /
- Description
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Overview of Axelar Bridged Frax Ether (AXLFRXETH)
Overview of Axelar Bridged Frax Ether (AXLFRXETH)
Axelar Bridged Frax Ether (AXLFRXETH) is a stablecoin that is strictly tied to the value of Ether (ETH). It is part of the Frax Finance ecosystem, which aims to provide highly scalable, trustless, and ideologically pure on-chain money solutions. AXLFRXETH leverages Frax Finance's expertise in algorithmic stablecoins, integrating it seamlessly into their ecosystem.
Bridge and Interoperability
AXLFRXETH utilizes the Axelar network, a programmable Web3 interoperability platform. This network securely connects over 50 blockchains, enabling cross-chain transactions and allowing assets to move between chains with ease. Developers can effortlessly span multiple blockchains through a simple API, creating applications that interact with various assets without needing to handle underlying infrastructure complexities.
Frax Finance and its Components
Frax Finance is the parent ecosystem, offering several stablecoins and Tokens:
- Frax (FRAX): a stablecoin designed to maintain a value close to $1.
- Frax Shares (FXS): governance tokens that accrue fees, seigniorage revenue, and excess collateral value.
- Frax Price Index (FPI): a second stablecoin pegged to a basket of real-world consumer items.
- Frax Price Index Share (FPIS): the governance token for FPI.
- Frax Ether (frxETH): a stablecoin loosely pegged to ETH.
- Staked Frax Ether (sfrxETH): a version of frxETH with staking yield.
Functionality and Use Cases
AXLFRXETH, being part of the Frax Ether (frxETH) system, inherits its capabilities and can be transitioned into the staked version (sfrxETH) to earn staking yield. The stablecoin can be used across multiple blockchains within the Axelar network, opening diverse use cases and opportunities in the decentralized finance (DeFi) space.
| Price | |
| 52W High price | $3,656.11 |
| 52W High date | 28th Nov 2024 (4 months ago) |
| All Time High (ATH) Date | 27th Nov 2024 (4 months ago) |
| ATH Price | $3,676.71 |
| % From ATH | -2.52% |
| All Time Low (ATL) Date | 17th Sep 2024 (7 months ago) |
| ATL Price | $2,054.23 |
| % From ATL | 74.47% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $11,144.00 |
AXLFRXETH
How does Axelar Bridged Frax Ether's (AXLFRXETH) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
34.7%
AXLFRXETH
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Similar Market Cap
60 Day Return
36.9%
AXLFRXETH
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Similar Market Cap
We're monitoring 86 Axelar Bridged Frax Ether GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Axelar Bridged Frax Ether Repos)
Commits vs. The Market
- Past 4 weeks: 2 commits vs. an average of 0
- Past 12 weeks: 2 commits vs. an average of 5
- Past year: 120 commits vs. an average of 65
Most Active Repos
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Top Developers 2025
In total, 15 developers have contributed to Axelar Bridged Frax Ether over the past year. Who are the most active Axelar Bridged Frax Ether developers, by commits, over the past year?
Related Projects
Developers working on Axelar Bridged Frax Ether also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 58,032 |
| Active Discord Users | 2,142 |
| Telegram Users | |
| Twitter followers | 798 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://frax.finance/ |
|---|---|
| Explorer | https://etherscan.io/token/0xEcc68d0451E2029240696... |
| @axelarnetwork |
What is the correct contract address for Axelar Bridged Frax Ether?
| Base | 0xecc68d0451e20292406967fe7c04280e5238ac7d |
|---|---|
| Linea | 0xecc68d0451e20292406967fe7c04280e5238ac7d |
| Scroll | 0xecc68d0451e20292406967fe7c04280e5238ac7d |
| Arbitrum-one | 0xecc68d0451e20292406967fe7c04280e5238ac7d |
| Optimistic-ethereum | 0xecc68d0451e20292406967fe7c04280e5238ac7d |
Has Axelar Bridged Frax Ether been audited for security?
No security audits found for this project.
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