About Frax Share
The Frax Share token is the governance and value accrual token of the Frax Stablecoin Protocol
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Trading Insights
Searched
45
Market Stats
Market Cap
$255.96M
0.59%
FDV
$281.13M
Circ. Supply
91M FXS
Max Supply
100M FXS
Total Supply
100M FXS
Diluted Valuation
$280.88M
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$11.29M
-7.71%
Volume (7D)
$78.64M
Volume (30D)
$419.05M
All time high
$42.67
Price Change (1Y)
-38.83%
Additional info about Frax Share
Recent trends
The latest FXS price is $2.82. Compared to Frax Share's value of $2.79 from 24 hours ago, there's been a 1% increase, while the current price is -12% down from $3.21 which was recorded one week ago. Frax Share's all time high is $42.67, which was reached on April 3, 2022. This is a -93% change from its price today.
The current circulating supply of Frax Share is 90,756,384. This is 91% of its max supply of 99,681,496 FXS and 91% of its total supply of 99,681,496. The market cap is currently $255.96M, which is a result of multiplying the current price of Frax Share($2.82) by the total supply(99,681,496 FXS). The fully diluted valuation of Frax Share is $281.13M. The diluted valuation of Frax Share is $281.13M.
Market details
FXS vs markets
↘ 53.69%
FXS vs BTC
↘ 59.79%
FXS vs ETH
↘ 7.17%
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 | $2.82 | ↗ 0.53% |
1 Day | $2.79 | ↗ 0.53% |
1 Week | $3.21 | ↘ 12.14% |
1 Month | $2.49 | ↗ 12.89% |
1 Year | $4.61 | ↘ 38.83% |
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 $255.96M. 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 $11.29M.
Assets that have a similar market cap to Frax Share include Mina, Mask Network, Kusama, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Frax Share is 91 million.
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Social stats
Popularity in posts
#539
Contributors
38
Posts
67
% About Frax Share
0.072%
Hold times
0 days
X (Twitter)
96.64% bullish
Sentiment
3.7 ★
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
38 unique individuals are talking about Frax Share and it is ranked #539 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 74 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 96.65% of tweets with bullish sentiment compared to 0.01% of tweets with a bearish sentiment about Frax Share. 3.35% of tweets were neutral about Frax Share. These sentiments are based on 51 tweets.
On Reddit, Frax Share was mentioned in 8 Reddit posts and there were 10 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.