Coins: 10053 Exchanges: 936 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Frax Share price

Frax Share Price (FXS)

$9.51

3.57%
Rank #108

Frax Share Price Chart (FXS/USD)

Last updated 08 Feb 2024, 06:03AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Bitrue FXS / USDT $5.80 0.02% $31,332,429
2 Binance FXS / USDT $5.82 0.03% $12,134,201
3 Binance FXS / BUSD $6.89 0.04% $7,884,326
4 Huobi Global FXS / USDT $5.78 0.25% $3,533,090
5 Phemex FXS / USDT $5.79 0.05% $1,422,168
6 OKX FXS / USDT $6.05 0.38% $680,258
7 CoinW FXS / USDT $5.82 0.34% $453,429
8 Bitget FXS / USDT $6.05 0.26% $431,501
9 BKEX FXS / USDT $7.00 0.11% $382,993
10 BitMart FXS / USDC $5.81 1.01% $367,326
11 Binance FXS / BTC $9.85 0.12% $340,050
12 Digifinex FXS / USDT $5.78 0.27% $329,455
13 AscendEX (BitMax) FXS / USDT $5.78 0.43% $303,175
14 BigONE FXS / USDT $5.85 2.13% $242,196
15 XT.COM FXS / USDT $8.95 0.92% $167,523
16 KuCoin FXS / USDT $5.79 0.02% $163,696
17 Toobit FXS / USDT $6.38 0.06% $160,891
18 BingX FXS / USDT $5.78 0.07% $157,531
19 LATOKEN FXS / USDT $5.83 0.46% $120,001
20 WhiteBIT FXS / USDT $5.81 0.10% $83,578
21 Bybit (Spot) FXS / USDT $5.83 0.21% $80,809
22 MEXC Global FXS / USDT $6.13 0.36% $73,363
23 TokoCrypto FXS / USDT $9.84 0.05% $42,698
24 Kraken FXS / USD $6.39 0.09% $17,882
25 Crypto.com Exchange FXS / USDC $6.87 0.25% $10,674
26 Kraken FXS / EUR $6.38 0.34% $8,682
27 CoinEx FXS / USDT $5.82 0.36% $6,821
28 Crypto.com Exchange FXS / USDT $5.81 0.24% $5,948
29 TokoCrypto FXS / BUSD $11.79 0.36% $5,658
30 KuCoin FXS / BTC $5.03 0.20% $4,467
31 Crypto.com Exchange FXS / USD $5.82 0.90% $3,959
32 Nominex FXS / BUSD $6.85 0.13% $2,205
33 TokoCrypto FXS / BTC $6.00 0.38% $1,255
34 Crypto.com Exchange FXS / BTC $4.93 0.80% $653
35 Indodax FXS / IDR $5.62 0.01% $439
36 Bittrex FXS / USDT $6.87 1.18% $86
37 Pionex FXS / USDT $6.37 0.14% $11,822
38 Nominex FXS / USDT $5.78 0.02% $11,356
39 Pionex FXS / BUSD $6.22 0.19% $4,598
40 WOO Network FXS / USDT $5.77 0.05% $883
41 Nominex FXS / BTC $10.42 0.22% $17
42 FTX FXS / USD $5.27 0.19% $734,568
43 BTCEX FXS / USDT $6.36 0.02% $218,540
44 AAX FXS / USDT $4.42 17.46% $188,193
45 HitBTC FXS / BTC $4.68 18.06% $88
46 Poloniex FXS / USDT $5.85 1.35% $263,378
47 Bitkub FXS / THB $5.71 0.60% $4,894
48 ZigZag FXS / USDC $8.26 14.81% $58
49 Gemini FXS / USD $5.85 98.89% $16
50 ZigZag FXS / ETH $6.39 0.85% $1

FXS Price Statistics

$9
24H Range
$10
  • Frax Share Price Now $10
  • 24h Low / 24h High $9 / $10
  • Trading Volume $39,803,345
  • Market Cap Rank #100
  • Market Cap $729,515,848
  • Volume / Market Cap 0.0546
  • All-Time High $43 -77.78%
    Jan 12, 2022
  • All-Time Low $2 532.79%
    Jun 25, 2021


Frax Share Cryptocurrency: A Simplified Guide


Introduction

Frax Share is a revolutionary cryptocurrency that aims to bring stability to the volatile world of digital assets. It is an innovative project that combines elements of algorithmic stablecoins, decentralized finance (DeFi), and fractional reserve banking. In this article, we will explore the key features and benefits of Frax Share in a simplified manner.

What is Frax Share?

Frax Share, also known as FXS, is the native governance token of the Frax Protocol. The Frax Protocol is a decentralized, algorithmic money market built on the Ethereum blockchain. FXS plays a pivotal role in governing and stabilizing the Frax stablecoin, known as FRAX.

Key Features

Frax Share offers several unique features that set it apart from traditional cryptocurrencies. Here are some of its key features:

1. Stability

Frax Share aims to provide stability to the FRAX stablecoin by using a combination of on-chain and off-chain mechanisms. This stability is achieved through algorithmic adjustments, collateralization ratios, and redeemability guarantees.

2. Governance

Holders of Frax Share tokens have the power to vote on proposals and changes to the Frax Protocol. This governance feature ensures that decisions regarding the system's parameters and improvements are made collectively by the community.

3. Incentives

Frax Share holders can earn additional rewards through the Frax Share Ecosystem Incentive Program. This program incentivizes users who stake their FXS tokens, providing them with additional earning opportunities.

Benefits of Frax Share

Investing in Frax Share can offer various advantages to individuals seeking exposure to a stable digital asset ecosystem. Here are some of the benefits:

1. Stability and Security

Frax Share provides stability by leveraging its algorithmic mechanisms, which aim to maintain the value of the FRAX stablecoin. This stability brings a sense of security to users, especially in times of market volatility.

2. Governance Power

Through Frax Share, investors can actively participate in the governance and decision-making processes of the Frax Protocol. This grants them a say in critical system changes and helps shape the future of the ecosystem.

3. Passive Income Generation

By staking their Frax Share tokens, users can earn additional rewards through the Frax Share Ecosystem Incentive Program. This allows investors to generate passive income by simply holding and locking their FXS tokens.

Conclusion

Frax Share cryptocurrency offers stability, governance power, and passive income generation opportunities to its users. With a focus on stability and innovative governance, Frax Share is a unique project within the cryptocurrency space. As the ecosystem evolves, Frax Share aims to create a reliable and sustainable digital asset platform that appeals to both institutional and individual investors.