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Frax Share Price

$3.822 -2.914%
Market cap$381,009,653.89
Volume (24h)$15,951,631.91
Highest price (24h)$4.16
Circulating supply99,681,495.591 FXS
About

What Info is Displayed on FXS Price Chart?

The Paybis FXS price chart displays the following data:

  • Live FXS price

  • Current Market Cap of FXS

  • 24hr Volume of FXS

  • Highest price of FXS in the last 24 hours

  • Circulating supply of FXS

  • Price of FXS in 50+ fiat currencies

Track FXS to USD today.

Frax Share Price Today

As of today, Frax Share (FXS) stands as a pivotal element of the Frax ecosystem. While its price is subject to market fluctuations, understanding FXS’s value is crucial due to its governance and stabilization roles. On the Paybis price chart, you can:

  • Track FXS price across various timeframes

  • View FXS price in different currencies

  • Analyze market cap, volume, peak price, and circulating supply

Analyzing Frax Share Price Trends 

Analyzing FXS price trends with the FXS calculator is crucial for understanding the Frax ecosystem's health and potential future trajectory.

The Paybis price chart is an excellent resource for tracking:

  • Historical price movements

  • Market cap trends

  • Trading volume patterns

What is Frax Share?

Frax Share (FXS) is a unique cryptocurrency that forms a part of the Frax ecosystem, a decentralized finance (DeFi) platform.

The Frax platform introduces the concept of a fractional-algorithmic stablecoin, where the value of its stablecoin, FRAX, is partly backed by collateral and partly by algorithmic mechanisms.

FXS, as the governance token, allows holders to vote on key decisions within the Frax ecosystem and plays a vital role in maintaining the stability and governance of the protocol.

Use this page to track FXS price in real-time, understanding its importance in the ever-evolving world of DeFi.

Who Invented FXS?

Frax Share was co-founded by Sam Kazemian, an entrepreneur and software engineer with extensive experience in blockchain technology. Kazemian's vision was to create a stablecoin that is scalable, decentralized, and connected to a robust governance framework, leading to the inception of the Frax ecosystem.

How Frax Share Works

Frax Share operates within the Frax ecosystem, providing a novel approach to the concept of stablecoins. Here's how it functions:

  • Dual-Token System: Frax introduces two tokens: FRAX, a stablecoin whose value is pegged to the USD, and FXS, the governance token. FXS holders have the ability to propose and vote on changes within the ecosystem.

  • Collateralization and Algorithm: The FRAX stablecoin is unique as it is partially backed by collateral, like cryptocurrencies, and partially stabilized algorithmically. This hybrid model aims to provide a high degree of stability while reducing reliance on full collateralization.

  • FXS Tokenomics: FXS is used for governance, staking, and incentivizing liquidity. As the demand for FRAX increases, the protocol algorithmically mints or burns FXS to ensure FRAX’s price stability, making FXS's value inherently linked to the performance and adoption of the FRAX stablecoin.

How Will FXS Price Change in the Future?

Predicting the future price of Frax Share (FXS) involves considering various factors, including the adoption rate of the FRAX stablecoin, the overall performance of the DeFi sector, and broader market sentiments.

The Paybis FXS price chart serves as a valuable tool for observing these trends, though it’s important to remember that cryptocurrency markets are inherently volatile and unpredictable.

FAQ

Is there potential for Frax Share price to rise?

In short, this can be analyzed by looking at technical indicators. For a longer time period, it is vital to look at the fundamentals of the project. Use the Paybis price chart to see price movements and decide for yourself.

Why should I buy FXS?

Investing in FXS offers several benefits. It is part of the Frax Protocol, the world’s first fractional-algorithmic money, promising high scalability and a decentralized, innovative approach to stablecoins. FXS, being the governance token, accrues fees, seigniorage revenue, and excess collateral value. Additionally, it supports staking, and over 60% of its supply is issued to yield farmers and liquidity providers, fostering a community-driven ecosystem.

How many people own 1 FXS?

While specific data on how many people own exactly 1 FXS is not available, there are 15,835 holders of Frax Share, including 44 large holders. Using blockchain explorers, you can find out the distribution of FXS across unique wallet addresses. Note, however, that one person can own multiple wallets, so this doesn't precisely indicate the number of individual owners.

How much Frax Share is available?

The initial supply of FXS tokens is set at 100 million. However, the amount in circulation is expected to be deflationary, influenced by the stablecoin's minting at higher algorithmic rates. This supply mechanism is integral to the Frax protocol's design, focusing on fractional-algorithmic stability.