Frax Share (FXS) Price Hits $0.68 on Major Exchanges

Frax Share (FXS) traded 1.6% higher against the U.S. dollar during the 24 hour period ending at 8:00 AM E.T. on February 17th. Frax Share has a market cap of $64.58 million and $4.69 million worth of Frax Share was traded on exchanges in the last 24 hours. During the last week, Frax Share has traded 5.9% lower against the U.S. dollar. One Frax Share token can currently be bought for $0.68 or 0.00001000 BTC on popular cryptocurrency exchanges.

Here’s how related 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 down 2.2% 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.9% against the dollar and now trades at $68,566.11 or 0.99677354 BTC.
• SolvBTC (SOLVBTC) traded 1% lower against the dollar and now trades at $67,880.62 or 0.99627042 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Share Token Profile

Frax Share launched on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 94,768,925 tokens. Frax Share’s official message board is fraxfinancecommunity.medium.com. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Share is frax.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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Frax Share using one of the exchanges listed above.

FXS/USD price chart by TradingView