Frax Share (FXS) Price Reaches $1.51 on Top Exchanges

Frax Share (FXS) traded 4.9% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on February 26th. Frax Share has a total market cap of $131.97 million and approximately $19.22 million worth of Frax Share was traded on exchanges in the last day. Over the last week, Frax Share has traded down 14.7% against the U.S. dollar. One Frax Share token can now be bought for about $1.51 or 0.00001721 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded 0.9% lower against the dollar and now trades at $0.89 or 0.00001013 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 1.3% against the dollar and now trades at $87,709.95 or 1.00062108 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.8% lower against the dollar and now trades at $87,476.50 or 0.99795780 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Frax Share Token Profile

Frax Share launched on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 87,476,947 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Share is frax.finance.

According to CryptoCompare, “Frax Finance is a decentralised finance (DeFi) platform offering algorithmic stablecoins and financial instruments, launched in 2020 by Sam Kazemian. It includes FRAX, a USD-pegged stablecoin, FPI (pegged to consumer goods), and frxETH (a liquid staking derivative). Frax Share (FXS) is the governance and utility token of the ecosystem, enabling holders to participate in protocol governance, influence liquidity incentives, and receive protocol revenue. FXS holders can lock their tokens for veFXS, which provides enhanced voting power and rewards. FXS also benefits from revenue generated across Fraxlend, Fraxswap, and AMOs. Originally, FXS was needed for minting FRAX, but newer versions shifted its role to governance and yield distribution. The project leverages AMO strategies and Fraxtal, its Layer 2 chain, for scalability and capital efficiency while maintaining decentralisation and stability.”

Frax Share Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to trade Frax Share should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Frax Share using one of the aforementioned exchanges.

FXS/USD price chart by TradingView