Top Cryptocurrencies Ranked by Market Cap: Real-Time Update and Insights

All Cryptocurrencies Ranked by Market Cap
Frax Share
FXS
star share
$1.95
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7.66%
Rank #262 | Category
altcoin
erc-20
bep-20
Market Cap btn-info
$164,121,260
Fully Diluted Market Cap btn-info
$194,596,436
Volume btn-info
$13,982,446

Frax Share Price Chart Update [FXS]

Frax Share Price Update Today

The FXS price update as of now is $1.95. In the previous 24 hours, its trading volume was $13,982,446, and its value has increased by 7.66%. As of now, FXS's live market cap is $164,121,260, and it is ranked as the #262 on the Coincu. FXS has a circulating supply of 99,681,496 and a maximum supply of 99,681,496.

About Frax Share

Frax Share: A Revolutionary Fractional Stablecoin System

Frax Share is a groundbreaking project that introduces the concept of a fractional stablecoin system. As the first decentralized stablecoin of its kind, Frax Share operates on an open source and permissionless framework, fully utilizing the capabilities of blockchain technology. Currently deployed on Ethereum, Frax Share aims to provide a scalable and decentralized cryptocurrency that can effectively replace fixed-supply digital assets like BTC.

Discovering the FXS Token

Under the Frax Share ecosystem, the FXS token takes center stage as the governance token. With this token, users can benefit from various features such as fee accrual, revenue from storage, and even collateral value in case of excess. This versatile token represents a significant advancement in stablecoins, as Frax Share is classified as an open algorithmic shard, marking a new era in the stablecoin market. Additionally, the Frax Share protocol also includes the stablecoin Frax (FRAX) to complement the FXS token.

Unveiling the Inner Workings of Frax Share

The Frax Share ecosystem operates on a unique combination of principles:

  • Fractional-Algorithmic Approach: Frax Share is a single stablecoin that combines both collateral-backed and algorithmic components. The collateralization rate and algorithm adapt based on the market price of FRAX. If FRAX is trading above $1, the protocol lowers the collateralization rate, while a value below $1 prompts an increase in the collateralization rate.
  • Decentralization and Minimal Governance: Frax Share thrives on an automated algorithmic approach, eliminating the need for proactive management. This decentralized framework ensures seamless operation and reliable stability.
  • On-chain Oracles: The Frax protocol integrates with on-chain oracles, particularly utilizing Uniswap for ETH, USDT, and USDC time-average prices, as well as Chainlink for USD price data. These oracles provide crucial price information to support the stability of the system.
  • Two-Token Model: Frax Share stands out from other algorithmic stablecoins with its unique two-token model. As the stability of FRAX fluctuates, the supply of FXS adjusts accordingly. In periods of greater stability, the FXS supply decreases, which may drive the token price upwards. Conversely, when FRAX loses value, the FXS supply increases, potentially leading to a decrease in token price.
  • Swaps and Monetary Policy: Frax Share leverages principles from automated market makers like Uniswap to create swap-based price discovery incentives. This approach ensures real-time stability through the adjustment of spreads price.

To learn more about Frax Share and its revolutionary features, visit the official website.

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Frax Share Markets
# Exchange Pair Price Volume Mkt Share Recommend
1 HTX Global FXS/USDT $1.95 $5,236,713 36.03%
2 Binance FXS/USDT $1.95 $2,964,161 20.39%
3 WhiteBIT FXS/USDT $1.95 $1,262,963 8.69%
4 Bybit FXS/USDT $1.95 $286,204 1.97%
5 BitMart FXS/USDC $1.95 $176,103 1.21%
6 Bitget FXS/USDT $1.95 $129,208 0.89%
7 OKX FXS/USDT $1.96 $128,482 0.88%
8 Bithumb FXS/KRW $1.94 $93,771 0.65%
9 ProBit FXS/USDT $1.95 $93,322 0.64%
10 DigiFinex FXS/USDT $1.95 $83,206 0.57%
11 Uniswap v3 (Ethereum) CVX/FXS $1.95 $47,481 0.33%
12 Binance FXS/BTC $1.95 $37,056 0.25%
13 KuCoin FXS/USDT $1.95 $35,174 0.24%
14 Uniswap v3 (Ethereum) FRAX/FXS $1.95 $35,068 0.24%
15 MEXC Global FXS/USDT $1.95 $28,247 0.19%
16 Kraken FXS/ZUSD $1.95 $23,483 0.16%
17 Gate.io FXS/USDT $1.96 $22,500 0.15%
18 Uniswap v2 (Polygon) FRAX/FXS $1.95 $18,523 0.13%
19 Uniswap v2 (BSC) FRAX/FXS $1.95 $8,623 0.06%
20 Uniswap v2 (Ethereum) FRAX/FXS $1.95 $5,525 0.04%
21 KuCoin FXS/BTC $1.94 $2,617 0.02%
22 Uniswap v2 (Ethereum) FXS/FRXETH $1.99 $1,698 0.01%
23 Uniswap v2 (Ethereum) FPI/FXS $1.95 $1,661 0.01%
24 Crypto.com FXS/USD $1.94 $1,393 0.01%
25 Uniswap v2 (Ethereum) FXS/WETH $1.97 $897 0.01%
26 Uniswap v2 (BSC) FXS/WBNB $1.90 $278 0%
27 PancakeSwap v3 (BSC) FXS/ETH $1.91 $84 0%
28 Coinone FXS/KRW $1.88 $27 0%
29 Uniswap v2 (BSC) FXS/USDC $1.91 $3 0%
30 LBank FXS/USDT $1.95 $1,063,431 7.32%
31 Bibox FXS/USDT $1.95 $597,735 4.11%
32 Deepcoin FXS/USDT $1.96 $507,365 3.49%
33 BYDFi FXS/USDT $1.95 $454,034 3.12%
34 XT.COM FXS/USDT $1.95 $297,783 2.05%
35 BigONE FXS/USDT $1.96 $264,103 1.82%
36 FameEX FXS/USDT $1.95 $176,811 1.22%
37 AscendEX (BitMax) FXS/USDT $1.95 $148,197 1.02%
38 BingX FXS/USDT $1.96 $75,966 0.52%
39 LATOKEN FXS/USDT $1.95 $50,356 0.35%
40 Bitrue FXS/USDT $1.95 $47,147 0.32%
41 Bitvavo FXS/EUR $1.95 $34,603 0.24%
42 Nominex.io FXS/USDT $1.95 $27,842 0.19%
43 CoinW FXS/USDT $1.94 $20,902 0.14%
44 Bitkub FXS/THB $1.92 $11,753 0.08%
45 Aerodrome v1 (Base) FXS/SFRXETH $1.97 $10,596 0.07%
46 Aerodrome v1 (Base) FXS/USDC $1.94 $8,935 0.06%
47 Uniswap v3 (Arbitrum) FXS/WETH $1.93 $5,776 0.04%
48 CoinEx FXS/USDT $1.95 $5,031 0.03%
49 Indodax FXS/IDR $1.95 $997 0.01%
50 Mudrex FXS/USDT $1.95 $886 0.01%
Smart Contract
Ethereum:
3432b6...c964d0
Copy | Add to Fund
Cir. Supply
99,681,496

Max Supply
99,681,496