Frax Share Achieves Self Reported Market Capitalization of $61.96 Million (FXS)

Frax Share (FXS) traded up 3.5% against the dollar during the one day period ending at 8:00 AM Eastern on February 25th. In the last week, Frax Share has traded down 9.3% against the dollar. One Frax Share token can currently be purchased for approximately $0.65 or 0.00000988 BTC on popular exchanges. Frax Share has a market cap of $61.96 million and approximately $3.27 million worth of Frax Share was traded on exchanges in the last 24 hours.

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

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 4.9% higher against the dollar and now trades at $66,012.48 or 0.99745187 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% higher against the dollar and now trades at $64,920.62 or 0.99826276 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Frax Share

Frax Share launched on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 94,793,700 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Share is frax.com. The official message board for Frax Share is fraxfinancecommunity.medium.com.

According to CryptoCompare, “Frax (FRAX) is the Frax Finance ecosystem’s volatile governance and utility token, renamed from FXS in the 2025 North Star upgrade. FRAX is not a stablecoin—the USD stablecoin is frxUSD. Holders lock FRAX to veFRAX to vote on gauges, parameters, and revenue policies and to boost rewards. On Fraxtal (Frax’s OP-stack L2), FRAX is the native gas and anchors incentives: users/builders earn FXTL points; governance can convert a portion to FRAX and apply Flox boosts tied to FRAX/veFRAX. FRAX follows a tail-emission schedule—about 8% annually at start, decaying by 1% per year to a 3% floor—to fund incentives, the DAO, and ecosystem growth. FRAX is not required to mint the stablecoin; frxUSD is minteredeemed via enshrined custodians and on-chain mechanisms. In short, FRAX aligns governance, network utility, and incentives across the Frax stack, while frxUSD provides dollar stability.”

Frax Share Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Frax Share directly using U.S. dollars. Investors seeking to trade Frax Share should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. 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