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Frax Share

Frax Share priceFXS

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FXS
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1 FXS = 4.52 USD
Last updated 2024-04-25 14:22:04(UTC-0)

Frax Share price live data summary

The live price of Frax Share is $4.52 per (FXS / USD) today with a current market cap of $356.88M USD. The 24-hour trading volume is $20.67M USD. FXS to USD price is updated in real time. Frax Share is -4.34% in the last 24 hours. It has a circulating supply of 79,028,300 .

What is the highest price of FXS?

FXS has an all-time high (ATH) of $42.67, recorded on 2022-04-03.

What is the lowest price of FXS?

FXS has an all-time low (ATL) of $1.52, recorded on 2021-06-25.

Frax Share price performance in USD

24h7d30d90d1yAll-time
-4.34%-8.12%-42.73%-55.68%-48.24%--

Frax Share price history in USD

TimeLowHigh
24h$4.42$4.69
7d$4.42$5.28
30d$4.04$8.07
90d$4.04$10.81
1y$4.04$10.81
All-time$1.52(2021-06-25, 2 years ago )$42.67(2022-04-03, 2 years ago )

Frax Share market information

Market cap
$356,881,726.67
-4.34%
Fully diluted market cap
$450,148,886.44
-4.34%
Volume (24h)
$20,670,103.57
+19.34%
Market rankings
Circulation rate
+79.00%
24h volume / market cap
0.0579
Circulating supply
79,028,300 FXS
Total supply / Max supply
99,681,495.59 FXS
-- FXS

Frax Share ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Frax Share Social Data

In the last 24 hours, the social media sentiment score for Frax Share was 3.3, and the social media sentiment towards Frax Share price trend was Bullish. The overall Frax Share social media score was 64, which ranks 307 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Frax Share being mentioned with a frequency ratio of 0.01%, ranking 225 among all cryptocurrencies.

In the last 24 hours, there were a total of 352 unique users discussing Frax Share, with a total of Frax Share mentions of 174. However, compared to the previous 24-hour period, the number of unique users decrease by 22%, and the total number of mentions has decrease by 5%.

On Twitter, there were a total of 3 tweets mentioning Frax Share in the last 24 hours. Among them, 33% are bullish on Frax Share, 0% are bearish on Frax Share, and 67% are neutral on Frax Share.

On Reddit, there were 2 posts mentioning Frax Share in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 33% . Additionally, there were 0 comments mentioning Frax Share. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3.3
Social score(24h)
64(#307)
Social contributors(24h)
352
-22%
Social mentions(24h)
174(#225)
-5%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
3
-25%
Twitter sentiment(24h)
Bullish
33%
Neutral
67%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
2
-33%
Reddit comments(24h)
0
0%

About Frax Share(FXS)

What is Frax Share?

Frax Share (also known as Frax Protocol) is a DeFi protocol on Ethereum. Founded in 2019 by Sam Kazemian, Jason Huan, and Travis Moore, Frax Protocol deploys the first partially collateralized and partially algorithmic stablecoin, known as FRAX. Unlike traditional stablecoins, which are either fully collateralized by fiat or algorithmically stabilized, Frax introduces a fractional-algorithmic approach, giving it unique capabilities. The primary objective is to offer a new form of cryptocurrency that is decentralized, scalable, and algorithmically managed to replace digital assets with a fixed supply, like Bitcoin.

The FRAX stablecoin of Frax Protocol currently exists on 7 chains, namely Ethereum, Polygon, Avalanche, BNB Chain, Fantom, Harmony, and Moonriver.

Resources

Official Documents: https://docs.frax.finance/

Official Website: https://frax.finance/

How does Frax Share work?

The Frax Protocol operates with a dual-token system: FRAX, the stablecoin, and FXS, the governance token. These two tokens are interconnected in a complex web, where their supplies, collateral ratios, and prices are dynamically adjusted using algorithms. The protocol uses the time-weighted average of Uniswap pair prices and the ETHUSD Chainlink Oracle to influence the price and collateral backing of FRAX.

If FRAX trades above $1, the protocol will automatically decrease the collateral ratio, making it more algorithmic. On the other hand, if FRAX trades below $1, the protocol increases the collateral ratio to restore its peg. This dynamic mechanism ensures that FRAX maintains its peg to the US dollar while adapting to market conditions, thereby fulfilling its claim as the "only algorithmic stablecoin to have never lost peg."

What is Frax Share Token (FXS)?

FXS or Frax Shares serve as the governance token in the Frax ecosystem. They are pivotal in deciding the protocol’s future through on-chain governance. FXS token holders earn fees, seigniorage revenue, and excess collateral value generated within the ecosystem. More than 60% of FXS supply is allocated to liquidity providers and yield farmers over several years, further decentralizing the protocol’s governance.

Which Factors Affect Frax Share Token (FXS) Price?

The price of the FXS token is influenced by a variety of factors:

- Demand for FRAX: As the stablecoin gains adoption, the demand for FXS, which governs the ecosystem, is likely to increase.

- Governance Decisions: Any decisions affecting the collateral ratios, fees, or integration onto new blockchains could impact FXS token value.

- Market Sentiment: Like any other crypto asset, FXS prices are also influenced by overall market sentiment and macroeconomic factors.

- Liquidity: Availability of FXS on multiple exchanges and liquidity platforms can affect its price stability and volume.

Frax Share's Impact on Finance

Frax Share stands as a paradigm shift in decentralized finance, introducing a new category of fractional-algorithmic stablecoins. Its unique model offers a scalable, decentralized, and adaptive financial instrument, which could set the standard for future stablecoins and even influence traditional financial systems.

Conclusion

In conclusion, Frax Share is a pioneering financial model that has the potential to redefine how we perceive value, stability, and governance in the financial and crypto markets. Its unique fractional-algorithmic approach places it at the forefront of stablecoin innovation, showing promising signs for the future of decentralized finance.

How to buy Frax Share (FXS)

Buying Frax Share on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Frax Share (FXS) .

Trade FXS perpetual futures

After having successfully signed up on Bitget and purchased USDT or FXS tokens, you can start trading derivatives, including FXS futures and margin trading to increase your income.

The current price of FXS is $4.52, with a 24h price change of -4.34%. Traders can profit by either going long or short onFXS futures.

Join FXS copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or FXS tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Frax Share.

What is the current price of Frax Share?

We update our Frax Share to USD price in real time. Get the live Price of Frax Share on Bitget.

What is the 24 hour trading volume of Frax Share?

Over the last 24 hours, the trading volume of Frax Share is $20.67M.

What is the all-time high of Frax Share?

The all-time high of Frax Share is $42.67. This all-time high is highest price for Frax Share since it was launched.

Can I buy Frax Share on Bitget?

Yes, Frax Share is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Frax Protocol guide.

Can I get a steady income from investing in Frax Share?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Frax Share with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Frax Share (FXS) a Good investment?

FXS, the governance token for a protocol offering a scalable and cutting-edge stablecoin, presents a promising addition to your digital asset collection. It stands as a robust investment for those looking to tap into the decentralized finance (DeFi) realm. With the DeFi sector's growth and rising demand for FRAX stablecoin, FXS's value is poised to increase, especially as the Frax Protocol ensures its stablecoin's peg to the USD. Thus, FXS emerges as a potentially lucrative cryptocurrency to consider. Future enhancements and the expansion of the Frax Protocol into more blockchain environments could boost their stablecoin adoption, further driving FXS's value upwards.

What factors influence Frax Share (FXS) price?

Key Factors Influencing FXS Token Price FRAX Stablecoin Adoption & Frax Finance Expansion: An uptick in FRAX stablecoin usage and Frax Finance's expansion beyond its 12 blockchain platforms (as of January 2023) could bolster FXS price. Frax Finance Updates & Partnerships: Announcements of new features, integrations, or collaborations by the Frax Finance team can amplify investor trust, potentially pushing FXS value higher. Crypto Market Sentiment: The overall crypto and DeFi sentiment can significantly sway the FXS price. Positive vibes boost its value, while skepticism might lead to a decline.

What is the use case of FXS token?

FXS Token: Key Features & Use Cases in Frax Ecosystem Decentralized Governance: FXS token holders drive the Frax Protocol's direction, casting votes on matters like collateral pool adjustments and platform fee changes. Price Stability for FRAX: FXS is minted or burned in response to FRAX stablecoin demand, ensuring its peg to the USD remains stable. Trading & Holding Potential: Trade FXS against other cryptos or hold to capitalize on the Frax Protocol's future trajectory. Staking Rewards: Stake FXS to generate veFXS, unlocking enhanced governance rights and a passive income stream through AMO profits.

What is the difference between FXS and FRAX?

Firstly, we have FRAX, which is a stablecoin. On the other hand, there's Frax Shares (FXS), the governance token of the project. This token not only oversees decisions but also collects fees, seigniorage revenue, and additional collateral value.

How does FXS generate value?

How does FXS gain value? FXS leverages specific mechanisms that enhance its value, such as promoting particular pools within its AMO and a locking system that benefits long-term liquidity providers. The distribution of FXS tokens to each pool is decided by voters, potentially increasing rewards for those providing liquidity.

Who are Frax Share partners?

Frax Finance has several established investors and backers, including Dragonfly Capital, ParaFi Capital, Mechanism Capital, Crypto.com Capital, Electric Capital, Synthetix, and more.
Cryptocurrency investments, including buying Frax Share online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Frax Share, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Frax Share purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Trade

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FXS is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support FXS trades.
You can trade FXS on Bitget.

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