About Frax Share
The Frax Share token is the governance and value accrual token of the Frax Stablecoin Protocol
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Market Stats
Market Cap
$151,326,066.89
1.56%
FDV
$168,828,504.98
Circulating Supply
89,347,522.633 FXS
Max Supply
99,681,495.591 FXS
Total Supply
99,681,495.591 FXS
Diluted Valuation
$168,670,430.00
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$11,746,170.88
0.24%
Volume (7D)
$85,178,330.57
Volume (30D)
$379,592,668.60
All time high
$42.67
Overall Price Change (1Y)
-0.65%
Additional info about Frax Share
Recent trends
The price of Frax Share has decreased by 0.86% in the last hour and increased by 1.78% in the past 24 hours. Frax Share’s price has also risen by 2.35% in the past week. The current price is $1.69 per FXS with a 24-hour trading volume of $11.75M. Currently, Frax Share is valued at 96.03% below its all time high of $42.67. This all-time high was the highest price paid for Frax Share since its launch. The current circulating supply of Frax Share is 89,347,522.633 FXS which means that Frax Share has as total market cap of $151,326,066.89.
Market details
FXS vs markets
↘ 70.01%
FXS vs BTC
↘ 74.47%
FXS vs ETH
↘ 33.87%
Tags
defi
amm
seigniorage
made-in-america
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x3432B6A60D23Ca0dFCa7761B7ab56459D9C964D0 | |
Avalanche C-Chain | 0xD67de0e0a0Fd7b15dC8348Bb9BE742F3c5850454 | |
Solana | 6LX8BhMQ4Sy2otmAWj7Y5sKd9YTVVUgfMsBzT6B9W7ct | |
BNB Smart Chain | 0xe48A3d7d0Bc88d552f730B62c006bC925eadB9eE |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.69 | ↗ 1.68% |
1 Day | $1.66 | ↗ 1.78% |
1 Week | $1.65 | ↗ 2.35% |
1 Month | $1.96 | ↘ 13.66% |
1 Year | $4.79 | ↘ 64.63% |
FAQ
Frax Share (FXS) is the governance token of the Frax Protocol, a unique stablecoin system that is both fractional and algorithmic. The Frax Protocol seeks to provide a scalable, decentralized, algorithmic currency as an alternative to fixed-supply digital assets. The system operates with two tokens: FRAX, the stablecoin that targets a tight band around $1 per coin, and Frax Shares (FXS), the governance token. FXS accrues fees, seigniorage revenue, and excess collateral value. The supply of FXS tokens is hard capped at 100 million tokens at genesis with no inflation schedule in the protocol. The Frax Protocol is community-driven and fully decentralized, with governance on-chain.
Frax Share (FXS) operates as the governance token within the Frax Protocol. It accrues value from newly minted FRAX, fees, and excess collateral. The Frax Protocol uses a unique fractional-algorithmic approach, with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic supply depends on the market's pricing of the FRAX stablecoin. If FRAX is trading above $1, the protocol decreases the collateral ratio, and if FRAX is trading under $1, the protocol increases the collateral ratio. This dynamic adjustment strives to keep the price of FRAX stable at around $1.
Frax Share (FXS) serves as a governance asset within the Frax Protocol. As a governance token, FXS holders can participate in the decision-making process of the protocol, influencing its future development and direction. Additionally, FXS accrues value from fees, seigniorage revenue, and excess collateral, potentially compensating holders. It's important to note that while FRAX is the currency token of the Frax Protocol, FXS is the token that represents ownership and governance rights within the protocol.
Frax Share (FXS) is part of the Frax Protocol, which was conceived by American software developer Sam Kazemian in 2019. Kazemian noticed that while stablecoins were growing rapidly, none had any mixture of algorithmic monetary policy and collateralization. Projects that had purely algorithmic monetary policy had failed or shut down without any significant traction. As a response, Kazemian devised the Frax Protocol as a solution to measure the market’s confidence in a partly algorithmic and partly collateralized stablecoin. The Frax Protocol, including Frax Share (FXS), launched in November 2020. It incorporated the fractional-algorithmic hybrid design at the time of its launch.
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The current market cap of Frax Share is $151.33M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Frax Share is $42.67. This all-time high is highest price paid for Frax Share since it was launched.
Over the last 24 hours, the trading volume of Frax Share is $11.75M.
Assets that have a similar market cap to Frax Share include UXLINK, Chia, Gigachad, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Frax Share is 89 million.
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Social stats
Popularity in posts
#678
Contributors
14
Posts
30
% About Frax Share
0.052%
Hold times
0 days
X (Twitter)
93.32% bullish
Sentiment
80 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
14 unique individuals are talking about Frax Share and it is ranked #678 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Frax Share has an average sentiment score of 80 out of 5. Finally, Frax Share is becoming less newsworthy, with 0 news articles published about Frax Share.
On Twitter, people are mostly bullish about Frax Share. There were 93.32% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Frax Share. 6.68% of tweets were neutral about Frax Share. These sentiments are based on 21 tweets.
On Reddit, Frax Share was mentioned in 6 Reddit posts and there were 6 comments about Frax Share. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.