coin image

Frax Share PriceFXS

229
Token
$1.83 4.18%
0.0000217 BTC5.66%0.00116 ETH5.69%

Low (24h)

$1.74

$1.87

Frax Share Price Today

229
Token
Market Cap
$163,452,503.18
Market Dominance
0.01%
Market Cap
$163,452,503.18
Market Dominance
0.01%
Fully Diluted Market Cap
$182,032,233.89
YTD (%)
-49.47%
Volume (24h)
$12,931,125.80
Volume / Market Cap
0.07911
Circulating Supply
89,507,169 FXS
Max Supply
-
Total Supply
89,507,169
1h24h7d30d60d90d
-0.76%4.18%1.96%-12.82% 2.61% -41.37%





FXS to USD

coin image FXS

1

FXS

=

USD

Frax Share Risk Analysis

1

3

2

Frax Share (FXS) Markets


Frax Share Quarterly Returns

YearQ1Q2Q3Q4Total
2021-35.64%-78.72%127.81%770.91%171.75%
2022-42.62%-78.53%-14.54%0.88%-89.38%
2023114.92%-34.42%-5.50%55.74%107.42%
2024-11.43%-60.01%-28.86%61.55%-59.29%
Average20.29%-83.89%26.30%296.36%43.50%

Introduction to Frax Share

The Frax Protocol is the brainchild of American software developer Sam Kazemian who came up with the first idea of a fractional-algorithmic stablecoin in 2019. It is the first stablecoin that uses a fractional algorithm. It is an open source and it doesn't need permission to run on the blockchain which is currently Ethereum. Though it could be used on other chains in the future. It wants to replace digital assets with a fixed number, like Bitcoin, with open computational money that can be used by anyone. Some ideas about protocol are:

  • Frax is one of a kind because it is a stablecoin with an automated and collateralized supply. The collateralized/algorithmic ratio is based on the market price of the FRAX stablecoin. Protocol lowers the security ratio when FRAX trades for more than $1. If the value of FRAX drops below $1, the procedure raises security.
  • Minimal government and decentralization are controlled by the community and run by computers instead of managers.
  • Fully on-chain oracles Uniswap (ETH, USDT, and USDC time-weighted average prices) and Chainlink (USD price) are used by Frax v1.
  • Two tokens: FRAX is a stablecoin that wants to be worth $1 each. Frax Shares (FXS), a governance token, makes fees, seigniorage, and extra security.
  • Frax is the first decentralized stablecoin with a fractional algorithm and the most unique.

What Makes Frax Unique?

The Frax Protocol is a stablecoin with a unique design that is run by the community. Over 60% of the FXS that is available is given to liquidity providers and yield farmers over a number of years. It is a completely open system that is run on the blockchain. At the time of its start in November 2020, it will also be the first and only stablecoin to use a mixed fractional-algorithmic design.

How Much is a One Frax Share Worth Now?

The current price of the Frax Share(FXS) is $1.83, with a current market cap $163,452,503.18.

What is the Frax Share Stock Symbol or Ticker?

FXS is a ticker symbol of the Frax Share.

How Many FXS Coins Are There in Circulation?

At the movement,89.51M Frax Share tokens are already in the market out of 99.68M FXS.

How Can I Invest in Frax Share?

There are many options for buying crypto, and Frax Share can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Frax Share. It's a quick, easy, and secure way to buy Frax Share(FXS).

Is Frax Share a Stablecoin?

No, It is not a stablecoin.

What Was the Lowest Price for Frax Share?

Frax Share had an all-time low of $1.25.

What Was the Highest Price for Frax Share?

Frax Share had an all-time high of $42.67.

Frax Share Price Prediction

The current Frax Share price is $1.83. In the last 24 hours, Frax Share price has gone up by 4.18%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Frax Share price prediction.

Portfolio Tracker

Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Frax Share at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.

Coin Converter

By exchanging FXS against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Frax Share can be earned or received in various ways. FXS considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the FXS.

Would you like to know how many cryptocurrencies 1 FXS is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs.

FXS Price Current Data

Frax Share price today is $1.83 USD, which is Up by 4.18% over the last 24 hours. There has been an hourly Dip by -0.76%. Frax Share's market cap currently sits at $163,452,503.18 USD, holding up for a market cap rank at #229. The volume were at $12,931,125.80 USD Frax Share ranks no 229 in the market capitalization of Frax Share is at $163,452,503.18 and its volume for 24 hours is $12,931,125.80. Frax Share are under circulation, with total supply of 99.68M and the Maximum supply of 0.

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FXS Price Statistics

Frax Share Price Live

FXS Price

$1.83

Percentage Change ( 24h )

4.18%

$0.13
24h High / Low

$1.87 /

$1.74

Trading Volume 24h

$12,931,125.80

Volume / Market Cap

0.07911

Market Dominance

0.01%

Market Rank

229

Market Cap

$163,452,503.18

Fully Diluted Market Cap

$182,032,233.89

All Time High

$42.67

95.71%
All Time Low

$1.25

46.28%
Circulating Supply

89,507,169 FXS

Total Supply

99,681,496 FXS

Max Supply

-

Popular FXS Conversion Pairs