Frax Share Hits One Day Volume of $57.39 Million (FXS)

Frax Share (FXS) traded 7.1% lower against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on December 28th. Over the last seven days, Frax Share has traded up 45.9% against the US dollar. Frax Share has a total market cap of $329.98 million and approximately $57.39 million worth of Frax Share was traded on exchanges in the last 24 hours. One Frax Share token can currently be bought for $3.82 or 0.00004042 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• 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 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.
• 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.
• SolvBTC (SOLVBTC) traded down 2.3% against the dollar and now trades at $94,302.72 or 0.99869215 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2.3% against the dollar and now trades at $93,869.34 or 0.99410251 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Frax Share

Frax Share’s genesis date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 86,464,475 tokens. Frax Share’s official Twitter account is @fraxfinance and its Facebook page is accessible here. The official website for Frax Share 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.”

Buying and Selling Frax Share

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

FXS/USD price chart by TradingView