Frax Share Reaches 24 Hour Trading Volume of $26.23 Million (FXS)

Frax Share (FXS) traded down 1.4% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on January 9th. One Frax Share token can currently be purchased for approximately $3.22 or 0.00003463 BTC on major exchanges. Frax Share has a total market cap of $279.08 million and $26.23 million worth of Frax Share was traded on exchanges in the last 24 hours. During the last week, Frax Share has traded 14.1% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during 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 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 2.1% against the dollar and now trades at $93,061.90 or 1.00002167 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2% lower against the dollar and now trades at $92,649.05 or 0.99558525 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Share Profile

Frax Share was first traded on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 86,594,342 tokens. Frax Share’s official website 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 possible to purchase alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to acquire Frax Share should first purchase Bitcoin or Ethereum using an exchange that deals in US 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