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Frax Share FXS

Frax Share Price (FXS)
$5.11
3.37% Buy FXS Now

0.0016 ETH

0.0000790 BTC

Buy FXS Now
Low: $4.88
High: $5.22
24h
Market Cap
$404,006,285
3.37%
Fully Diluted Market Cap
$509,495,524
3.37%
Volume
24h
$8,374,752
29.17%
Volume / Market Cap
0.0207
Circulating Supply
79,042,796 FXS
Max Supply
--
Total Supply
99,681,496

Frax Share (FXS) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.31%

Joined at May 02, 2019

Following

226

0.90%

Tweet count

2,234

1.23%

Frax Share reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Frax Share (FXS) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Frax Share telegram
Telegram Stats
Visit Telegram

Members

0.13%

Title

Frax Finance

Frax Share traffic
Website Traffic
Visit Website

Website Rating (DR)

70 / 100

0.00%

Ahrefs Rank

108,709

2.61%

Organic Traffic (mo.)

2,745

5.21%

Frax Share github
GitHub Organization
Visit GitHub

Public repos

Created at Sep 30, 2019

Type

Organization

Frax Share github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Frax Share (FXS) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 92,100

Members: 19,657


Live FXS Price Analysis

The current real time Frax Share price is $5.11, and its trading volume is $8,374,752 in the last 24 hours. FXS price has grew by 3.37% in the last day, and increased by 4.02% in the last 7 days. It’s important to note that current Frax Share market capitalization is $404,006,285, Talking about circulating supply, FXS has 79,042,796 coins. Currently, Frax Share rank on the market is #160.

Frax Share price today is 52.52% below all time high, and it is 416.01% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling FXS are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Frax Share?

The Frax Share token, Frax Shares, or FXS is the utility token of the Frax Protocol. The latter is a hybrid stablecoin protocol. Frax is running on the Ethereum blockchain. The name Frax comes from its unique technology called the fractional algorithmic protocol.

Frax Protocol is powered by two tokens - FRAX and FXS.

FXS is based on the ERC-20 token standard and mainly serves as a governance token for on-chain governance of the Frax Share Protocol.

Frax Share token can be used to pay for features on the Frax platform. This includes key actions such as the minting and redeeming of FRAX stablecoins.

Moreover, FXS is paid out as a crypto reward for users who stake their tokens in liquidity pools.

Frax users can also lock in their Frax Share tokens and receive veFXS - a non-transferable token that grants farming boosts and exclusive governance rights. The maximum locking up period is set to 4 years.

Unlike the FRAX stablecoin, FXS tokens have a max cap. It stands at 100,000,000 FXS tokens. This means there will never be more FXS tokens than the max cap.

In addition, the max cap could translate to an increase in the value of the FXS token as it becomes more scarce.

Since FRAX is a cryptocurrency, its price tends to fluctuate. In order to make an informed purchase decision, you can have a more in-depth look at the FXS price history or the current Frax Share price on the graph above.

What is the Frax Protocol?

As discussed in the What is Frax Share section, Frax is a hybrid stablecoin protocol. What do we mean by hybrid? Frax takes the two types of stablecoins - fully collateralized and fully algorithmic - and combines them into one.

Fully collateralized stablecoins can also be divided into stablecoins collateralized with fiat currency and stablecoins collateralized with other cryptocurrencies. In turn, this makes three types of stablecoins. That was until Frax changed the game by creating a completely new type of stablecoins.

Some of the core benefits of the Frax Protocol are that it tackles issues prevalent to other types of stablecoins such as increased volatility, custodial risk, and sluggish growth.

It’s important to note that prior to the FRAX stablecoin, there have been many projects who have tried to implement a partially collateralized stablecoin. However, all of them failed except for the Frax crypto project.

There is no max cap of FRAX stablecoins. This is because the supply of FRAX is constantly changing.

The ratio of the collateralized supply and algorithmic supply is based on the market price of FRAX. If it’s over 1 US Dollar, the collateralized supply is decreased. On the other hand, if it’s under 1 US Dollar, the collateralized supply is increased.

For example, if the demand for the FRAX stablecoin dropped, FRAX would end up being almost 100% collateralized.

As a matter of fact, there was a point in time when FRAX was completely collateralized.
When the project was first launched, the team had to add collateral to the minting contracts. The latter is responsible for minting FRAX and burning FXS.

The mechanism lying behind the FRAX stablecoin is quite complex in itself. It’s a multi-chain fractional algorithmic protocol with a pool contract. 

The core function of these pools is to enable users to mint and redeem FRAX stablecoins. At the time of writing, there is only one type of Frax Pools which are collateralized with USDC.

Other types of Frax Pools can be implemented by successfully submitting a proposal to the Frax DAO.

Frax is an entirely open-source project. This means that the project’s code is publicly available for anyone to review.

One of the primary goals of the project is to provide a type of algorithmic money that comes with improved stability and scalability.

In addition, Frax aims to create a new stablecoin standard. They’re planning on doing this by introducing a crypto equivalent of the Consumer Price Index (CPI) called the FRAX Price Index (FPI).

Frax Share has been audited by independent blockchain security companies - Certik and Trail of Bits.

Who Developed Frax Share?

The Frax Share crypto project was launched in November of 2020. It’s a software development company co-founded by entrepreneurs Sam Kazemian, Jason Huan, and Travis Moore.

However, Sam Kazemian was the one who came up with the idea behind the project in 2019. He took notice of the fact that while stablecoins were increasing in popularity, they were either completely collateralized or based on an algorithmic monetary policy.

Therefore, he decided to combine these two aspects and provide the stablecoin market with a unique type of stablecoin that’s both collateralized and algorithmic.

Sam Kazemian has also co-founded Everipedia - a blockchain-based educational platform along with Travis Moore.

On the other hand, Frax Share was the first blockchain-based venture for Jason Huan.

Don't forget to check the FRAX price via the tracker above before making a purchase decision.

What's Frax Share trading volume in the last 24 hours?

FXS has a trading volume of $8,374,752 in the last 24 hours.

What's Frax Share highest price ever?

FXS has a highest price of $10.76, which was reached on Feb 06, 2024 (2 months 2 weeks ago).

What's Frax Share lowest price ever?

FXS has a lowest price of $0.9905, which was reached on Dec 11, 2022 (1 year 4 months ago).

What are the best exchanges for buying and selling FXS?

Currently, the most active and dominating exchanges for buying and selling Frax Share are Binance, Kraken & Kucoin. The most popular Frax Share trading pairs are FXS/USDT (on Binance ), FXS/FRAX (on Fraxswap v2 (Ethereum) ), FXS/USDT (on Deepcoin ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping FXS?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Frax Share. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Frax Share project's Circulating Supply has been verified and is equal to:

Circulating Supply

79,042,796 FXS

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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