Frax Share (FXS) Reaches Self Reported Market Cap of $144.75 Million

Frax Share (FXS) traded 3% lower against the dollar during the twenty-four hour period ending at 8:00 AM E.T. on February 10th. During the last seven days, Frax Share has traded 3.9% lower against the dollar. One Frax Share token can now be purchased for $1.65 or 0.00001700 BTC on popular exchanges. Frax Share has a market cap of $144.75 million and approximately $19.30 million worth of Frax Share was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• GMX (GMX) traded 2.1% higher against the dollar and now trades at $23.65 or 0.00024311 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.9% higher against the dollar and now trades at $97,210.56 or 0.99923850 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 9.4% higher against the dollar and now trades at $96,979.41 or 0.99686255 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 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 87,526,994 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.”

Buying and Selling Frax Share

It is usually not 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 Gemini, 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