Frax Share (FXS) One Day Volume Tops $12.05 Million

Frax Share (FXS) traded up 3% against the dollar during the one day period ending at 22:00 PM E.T. on October 29th. In the last seven days, Frax Share has traded down 4% against the dollar. Frax Share has a market cap of $166.88 million and approximately $12.05 million worth of Frax Share was traded on exchanges in the last 24 hours. One Frax Share token can currently be bought for approximately $1.99 or 0.00002738 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• 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 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 2.8% against the dollar and now trades at $72,457.09 or 0.99904011 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 4% against the dollar and now trades at $72,450.90 or 0.99895463 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Frax Share Profile

Frax Share was first traded on December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 84,029,260 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. Frax Share’s official website is frax.finance.

According to CryptoCompare, “The Frax Share token (FXS) is a non-stable, utility token that holds rights to governance and all utility of the Frax protocol. It has a highly governance-minimized approach to designing trustless money and eschews DAO-like active management. FXS tokens can be used for adding/adjusting collateral pools, adjusting various fees, and refreshing the rate of the collateral ratio. The FXS token has the potential for upside and downside utility of the system, and the supply is initially set to 100 million tokens at genesis. The design of the protocol is such that FXS would be largely deflationary in supply as long as FRAX demand grows.”

Frax Share Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Frax Share directly using US dollars. Investors seeking to trade Frax Share should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly 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