Frax Share (FXS) Self Reported Market Capitalization Achieves $28.12 Million

Frax Share (FXS) traded 1.4% higher against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on September 9th. One Frax Share token can currently be bought for $0.30 or 0.00000377 BTC on popular exchanges. Frax Share has a market capitalization of $28.12 million and approximately $297.57 thousand worth of Frax Share was traded on exchanges in the last 24 hours. During the last seven days, Frax Share has traded 4.6% higher against the U.S. dollar.

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

• 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 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.
• CateCoin (CATECOIN) traded up 102.3% against the dollar and now trades at $0.0500 or 0.00000063 BTC.
• SolvBTC (SOLVBTC) traded up 1.4% against the dollar and now trades at $79,480.69 or 0.99874807 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 93,622,777 tokens. The official message board for Frax Share is fraxfinancecommunity.medium.com. The official website for Frax Share is frax.com. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

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

FXS/USD price chart by TradingView