Frax Share Achieves Self Reported Market Cap of $25.28 Million (FXS)

Frax Share (FXS) traded up 1.8% against the US dollar during the 1 day period ending at 8:00 AM E.T. on August 4th. Frax Share has a market cap of $25.28 million and $557.56 thousand worth of Frax Share was traded on exchanges in the last day. During the last week, Frax Share has traded up 6.2% against the US dollar. One Frax Share token can now be purchased for $0.27 or 0.00000423 BTC on exchanges.

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

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• 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 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.
• UZDT (UZDT) traded up 0% against the dollar and now trades at $1.00 or 0.00001568 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 1.9% higher against the dollar and now trades at $63,723.45 or 0.99785469 BTC.

Frax Share Profile

Frax Share’s launch date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 93,609,026 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official message board for Frax Share is fraxfinancecommunity.medium.com. 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.”

Buying and Selling Frax Share

It is usually not presently possible to buy alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to acquire Frax Share should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Frax Share using one of the exchanges listed above.

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