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Frax Share Price
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Frax Share Price(FXS)

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0.1%
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Coinbase
1.99%
R$ 10.75
+7.53%
1D
Page last updated: 2024-09-19 23:50 (UTC+0)
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Price of FXS today

The live price of Frax Share is R$ 10.75 per (FXS / BRL) with a current market cap of R$ 875.40M BRL. 24-hour trading volume is R$ 66.59M BRL. FXS to BRL price is updated in real-time. Frax Share is +7.53% in the last 24 hours with a circulating supply of 81.47M.
FXS Price History BRL
Date ComparisonAmount Change% Change
TodayR$ 0.752579+7.53%
30 DaysR$ 0.317141+3.04%
60 DaysR$ -3.159052-22.72%
90 DaysR$ -7.80001-42.06%

FXS Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: R$ 10.05
High: R$ 10.75
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
R$ 231.71
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.76%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+7.53%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+1.39%
The percent change in trading volume for this asset compared to 7 days ago.

FXS Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#262
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
R$ 875.40M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
R$ 66.59M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
81.47M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
R$ 1.07B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Frax Share (FXS)

Frax Share (FXS) operates within the realm of Frax Finance as the governance and utility token of the fractional-algorithmic stablecoin system, FRAX. The system blends collateral backing with algorithmic adjustments to maintain its stablecoin's value close to a dollar. It adapts its mechanics depending on market conditions, ensuring stability and efficiency in its operations.

Leveraging smart contract technology and decentralized finance (DeFi) mechanisms, Frax's technology stack includes AMO (Algorithmic Market Operations) controllers for autonomous monetary policies, and it utilizes on-chain oracles for accurate price feeds. The integration of Fraxlend and Fraxswap as internal stability mechanisms, alongside collaborations with external protocols like Curve, showcases the project’s approach to maintain FRAX's dollar peg.

FXS is facilitating governance decisions, staking mechanisms for interest accrual, and the dynamic adjustment of the stablecoin's collateralization ratio through minting and burning processes. Such operations play a critical role in the adaptive management and stability of the FRAX stablecoin. They ensure that the stablecoin can effectively respond to market dynamics.

The live price of Frax Share (FXS) is updated and available in real time on Binance.

People Also Ask: Other Questions About Frax Share (FXS)

  1. What is Frax Share (FXS) Used For?

    FXS serves as the backbone of governance within the Frax ecosystem and provides staking opportunities for rewards. In addition, it plays a crucial role in the minting and redemption processes of the FRAX stablecoin, which shows its diverse utility in promoting stability and governance.

  2. How Do Network Consensus and Validation Work On Frax Share (FXS)?

    Frax Share (FXS) leverages Ethereum's secure and decentralized network for consensus and validation ensuring integrity and transparency within the Frax Finance ecosystem's operations.

  3. Who Is The Founder Of Frax Share (FXS)?

    Launched in 2020 by the founders Sam Kazemian, Travis Moore, and Jason Huan, under the earlier banner of Decentral Bank, Frax Finance introduced the world to the first fractional-algorithmic stablecoin. The project's inception and development since May 2019 culminated in a protocol that harmonizes the security of collateral backing with the flexibility of algorithmic adjustments.

  4. What is the Maximum and Circulating Token Supply of Frax Share (FXS)?

    The total count of FXS tokens is set to top off at 99,681,496 tokens. At the time of writing the circulating supply sits at 78,844,409 FXS tokens.

  5. What Makes Frax Share (FXS) Different From Others?

    FXS aims to stand out for its dual role in governance and economic utility within a fractional-algorithmic stablecoin system, offering an approach to maintaining currency stability and engaging community participation in DeFi.

  6. How To Buy Frax Share (FXS)?

    Frax Share (FXS) can be purchased directly from Binance. Frax Share (FXS) can also be traded for other cryptocurrencies. Live Frax Share (FXS) price is updated in real-time on Binance. Additionally, FXS token price and purchase information is available for users to read on our How To Buy Frax Share (FXS) guide.

  7. How Much Will Frax Share Be Worth in Future?

    Check out our FXS Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

FXS to Local Currency

FiatPriceOperation
1 FXS to USD$ 1.978937
1 FXS to TRY$ 1.978937
1 FXS to RUB$ 1.978937
1 FXS to EUR$ 1.978937
1 FXS to AED$ 1.978937
1 FXS to AUD$ 1.978937
1 FXS to BRL$ 1.978937
1 FXS to VND$ 1.978937
1 FXS to IDR$ 1.978937
Last updated 2024/09/19 11:50 (UTC)

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