Frax Share (FXS) Price Reaches $1.88

Frax Share (FXS) traded 3.5% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on March 18th. One Frax Share token can now be bought for approximately $1.88 or 0.00002284 BTC on major cryptocurrency exchanges. Frax Share has a market cap of $167.04 million and approximately $21.68 million worth of Frax Share was traded on exchanges in the last 24 hours. During the last week, Frax Share has traded 43% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Taiko (TAIKO) traded down 2.9% against the dollar and now trades at $0.63 or 0.00000764 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.2% against the dollar and now trades at $82,732.00 or 1.00119277 BTC.
• SolvBTC (SOLVBTC) traded down 0.7% against the dollar and now trades at $82,578.57 or 1.00113500 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Frax Share Profile

Frax Share’s genesis date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 88,647,590 tokens. The official website for Frax Share is frax.finance. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

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 presently possible to buy alternative cryptocurrencies such as Frax Share directly using U.S. dollars. Investors seeking to acquire Frax Share should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax Share using one of the exchanges listed above.

FXS/USD price chart by TradingView