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Frax Share

Frax Share FXS

Token
Frax Share Price (FXS)
$9.66
7.77% Buy FXS

0.0061 ETH

0.0004 BTC

Low: $9.65
High: $10.51
24h
Market Cap
$707,741,947
7.77%
Fully Diluted Market Cap
$964,215,889
7.77%
Volume
24h
$17,332,913
53.36%
Volume / Market Cap
0.0245
Circulating Supply
73,270,845 FXS
Max Supply
--
Total Supply
99,822,984
Frax Share FXS
Price: $9.66
7.77% Buy FXS

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.

Learn this metric

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.

Learn this metric

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).

Learn this metric

Verified Data

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

Circulating Supply

73,270,845 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.

Learn this metric

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.

Learn this metric
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Current price of Frax Share is $9.66

Frax Share (FXS) Social Signals & Traffic Tracker
Frax Share twitter
Twitter Stats
Visit Twitter

Followers

64.26K

0.78%

Joined at May 02, 2019

Following

171

0.00%

Tweet count

1,446

0.35%

Frax Share reddit
Reddit Stats
Visit Reddit

Subscribers

206

0.98%

Joined at Aug 30, 2020

Subreddit type

restricted

Moderators

1

0.00%

Frax Share telegram
Telegram Stats
Visit Telegram

Members

14.15K

0.65%

Title

Frax Finance

Frax Share traffic
Website Traffic
Visit Website

Website Rating (DR)

66 / 100

1.54%

Ahrefs Rank

156,243

7.67%

Organic Traffic (mo.)

4,345

32.09%

Frax Share github
GitHub Organization
Visit GitHub

Public repos

33

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. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Followers: 64,267

Members: 14,150

Frax Share Price Statistics

Frax Share Price
$9.66
Price Change 24h
-$0.7505
7.77%
24h Low / 24h High
$9.65 /
$10.51
All Time High
Apr 03, 2022 (9 months 4 weeks ago)
$42.67
77.36%
All Time Low
Dec 11, 2022 (1 month 3 weeks ago)
$0.9905
875.16%
Trading Volume 24h
$17,332,913
53.36%
Volume / Market Cap
0.0245
Market Dominance
0.07%
Market Rank
#70
Market Cap
$707,741,947
7.77%
Fully Diluted Market Cap
$964,215,889
7.77%

Live FXS Price Analysis

The current real time Frax Share price is $9.66, and its trading volume is $17,332,913 in the last 24 hours. FXS price has plummeted by 7.77% in the last day, and decreased by 2.40% in the last 7 days. It’s important to note that current Frax Share market capitalization is $707,741,947, Talking about circulating supply, FXS has 73,270,845 coins. Currently, Frax Share rank on the market is #70.

Frax Share price today is 77.36% below all time high, and it is 875.16% 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 $17,332,913 in the last 24 hours.

What's Frax Share highest price ever?

FXS has a highest price of $42.67, which was reached on Apr 03, 2022 (9 months 4 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 month 3 weeks 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/BUSD (on Binance ), FXS/USD (on Kraken ). 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.

Pages Related to Frax Share

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Current market Price of a specific cryptocurrency.

Learn this metric

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

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

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

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.

Learn this metric

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).

Learn this metric

Verified Data

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

Circulating Supply

73,270,845 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.

Learn this metric

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.

Learn this metric
Share it with your friends

Current price of Frax Share is $9.66

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