Frax Share
Market Open
9 Jun, 14:30
$
0. 296000
+0.007
+2.4221%
$
2,469 Volume
$ 0.289
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FXSUSD Overview
FXSUSD denotes the market price of Frax Share (FXS) quoted in US dollars. It reflects how much one unit of FXS is worth in USD on spot trading venues and aggregates the valuation across exchanges and liquidity pools.
Frax Share (FXS) is a blockchain-based governance and utility token native to the Frax protocol, an algorithmic stablecoin system first introduced in 2020 and associated with founder Sam Kazemian. FXS is designed to capture protocol value, participate in governance, and absorb volatility for the system; it is issued on public smart-contract platforms and exists with a controlled total supply rather than an infinite issuance model.
The FXSUSD rate is set by market forces: buy and sell orders across centralized and decentralized exchanges, automated market makers, and OTC trades. Price movements are driven by supply and demand imbalances, on-chain metrics such as staking and burn rates, investor sentiment, and broader macroeconomic factors including dollar strength, risk appetite, and regulatory news.
Traders and investors monitor FXSUSD for governance exposure, yield strategies, speculative positioning, and arbitrage opportunities between venues. It also serves as a market signal for the perceived health and adoption of the Frax protocol.
FXS can exhibit significant intraday volatility and liquidity varies by exchange; participants should consider order book depth and slippage when executing larger trades.
Frax Share (FXS) is a blockchain-based governance and utility token native to the Frax protocol, an algorithmic stablecoin system first introduced in 2020 and associated with founder Sam Kazemian. FXS is designed to capture protocol value, participate in governance, and absorb volatility for the system; it is issued on public smart-contract platforms and exists with a controlled total supply rather than an infinite issuance model.
The FXSUSD rate is set by market forces: buy and sell orders across centralized and decentralized exchanges, automated market makers, and OTC trades. Price movements are driven by supply and demand imbalances, on-chain metrics such as staking and burn rates, investor sentiment, and broader macroeconomic factors including dollar strength, risk appetite, and regulatory news.
Traders and investors monitor FXSUSD for governance exposure, yield strategies, speculative positioning, and arbitrage opportunities between venues. It also serves as a market signal for the perceived health and adoption of the Frax protocol.
FXS can exhibit significant intraday volatility and liquidity varies by exchange; participants should consider order book depth and slippage when executing larger trades.
FXSUSD Chart
FXSUSD FAQ
What is the current Frax Share price?
The current price is $0.296000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by +0.007 (+2.4221%), showing how much the asset has moved compared to the previous close.
What is the previous close for Frax Share?
The previous close was $0.289000, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (+2.4221%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.287000) and highest ($0.301000) prices traded during the selected period, helping assess volatility.
Why is Frax Share (FXS) moving today?
Price movements in Frax Share are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.296000) is above the previous close ($0.289000), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Frax Share?
You can view real-time charts, price updates, and market data for Frax Share (FXS) directly on this page.
