Top Seigniorage Coins by Market Cap

The Seigniorage category has a total market cap of $266.58M, up 0.36% in the last 24 hours, with $1.66M traded. 1 coins listed.

	#	Name	Price	1h %	24h %	7d %	Market Cap	Volume (24h)	Circulating Supply	Last 7 Days
	160	Legacy Frax DollarFRAX	$0.9910	0.05%	0.02%	0.03%	$217,207,452	$253,747	219,173,040 FRAX

About Seigniorage

In the case of algorithmic stablecoins, seigniorage is generated when the stablecoin's value rises above its peg (e.g., $1). The protocol can then mint new tokens and sell them on the open market, generating revenue. This revenue is used to maintain the stablecoin's peg to its target value. If the stablecoin's value falls below its peg, the protocol can buy back tokens, reducing the supply and helping to restore the peg.