Frax Share Price Tops $1.89 on Major Exchanges (FXS)

Frax Share (FXS) traded 4.4% lower against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on February 22nd. One Frax Share token can now be purchased for about $1.89 or 0.00001953 BTC on popular cryptocurrency exchanges. In the last week, Frax Share has traded up 4.2% against the US dollar. Frax Share has a market capitalization of $165.46 million and approximately $20.72 million worth of Frax Share was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• Taiko (TAIKO) traded 6% lower against the dollar and now trades at $1.04 or 0.00001075 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.3% lower against the dollar and now trades at $96,571.66 or 0.99732672 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.2% lower against the dollar and now trades at $96,085.04 or 0.99230128 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Frax Share

Frax Share launched on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 87,474,599 tokens. Frax Share’s official website is frax.finance. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here.

According to CryptoCompare, “Frax Finance is a decentralised finance (DeFi) platform offering algorithmic stablecoins and financial instruments, launched in 2020 by Sam Kazemian. It includes FRAX, a USD-pegged stablecoin, FPI (pegged to consumer goods), and frxETH (a liquid staking derivative). Frax Share (FXS) is the governance and utility token of the ecosystem, enabling holders to participate in protocol governance, influence liquidity incentives, and receive protocol revenue. FXS holders can lock their tokens for veFXS, which provides enhanced voting power and rewards. FXS also benefits from revenue generated across Fraxlend, Fraxswap, and AMOs. Originally, FXS was needed for minting FRAX, but newer versions shifted its role to governance and yield distribution. The project leverages AMO strategies and Fraxtal, its Layer 2 chain, for scalability and capital efficiency while maintaining decentralisation and stability.”

Buying and Selling Frax Share

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

FXS/USD price chart by TradingView