Frax Share (FXS) Tops 24 Hour Volume of $18.13 Million

Frax Share (FXS) traded 10.3% higher against the U.S. dollar during the 1-day period ending at 9:00 AM ET on November 6th. One Frax Share token can currently be purchased for approximately $1.84 or 0.00002485 BTC on major cryptocurrency exchanges. Frax Share has a total market capitalization of $154.59 million and approximately $18.13 million worth of Frax Share was traded on exchanges in the last 24 hours. Over the last week, Frax Share has traded 6.8% lower against the U.S. dollar.

Here is how other 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 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 7% against the dollar and now trades at $73,874.25 or 0.99848657 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 6.2% higher against the dollar and now trades at $72,957.80 or 0.98609980 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’s genesis date was December 20th, 2020. Frax Share’s total supply is 99,681,496 tokens and its circulating supply is 84,083,611 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 purchase alternative cryptocurrencies such as Frax Share directly using U.S. dollars. Investors seeking to trade Frax Share should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Frax Share using one of the exchanges listed above.

FXS/USD price chart by TradingView