Frax (prev. FXS) Frax (prev. FXS) FRAX
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Show Coin Info
Price
1.48 USD
% Change
6.28%
Market Cap
134M USD
Volume
13.6M USD
Circulating Supply
90.5M
103% from all time low
2792% to all time high
1267% from all time low
1560% to all time high
91% are in circulation
Circulating Supply
90,528,753.8049562
Max Supply
99,681,495.5911336

Frax (prev. FXS) (FRAX) Feed: Events, News & Roadmap

Frax to Launch Hoodi Testnet in November

Frax to Launch Hoodi Testnet in November

Frax Finance has announced that the Holesky-based testnet will be deprecated, with its final sunset scheduled for October 17, 2025.

Yesterday
Frax to Launch Hoodi Testnet in November
Frax Share to Participate in [REDACTED] in Bangkok on November 9th

Frax Share to Participate in [REDACTED] in Bangkok on November 9th

Frax Share is set to attend the upcoming [REDACTED] conference in Bangkok on November 9th-11th.

Added 11 months ago
Frax Share to Participate in [REDACTED] in Bangkok on November 9th
Frax Share to Hold AMA on X on September 14th

Frax Share to Hold AMA on X on September 14th

Frax Share will host an AMA on X on September 14th at 2:30 UTC.

Added 1 year ago
Frax Share to Hold AMA on X on September 14th
Frax Share to Hold Snapshot on April 17th

Frax Share to Hold Snapshot on April 17th

Frax Share has announced a change in the schedule for the staking of veFXS on Fraxtal. The second snapshot date for FXTL points has been postponed to April 17th.

Added 1 year ago
Frax Share to Hold Snapshot on April 17th
Frax Share to Be Listed on BitVenus on February 27th

Frax Share to Be Listed on BitVenus on February 27th

BitVenus will list Frax Share (FXS) on February 27th.

Added 1 year ago
Frax Share to Be Listed on BitVenus on February 27th
Listing on BigONE

Listing on BigONE

FXS will be listed on BigONE.

Added 2 years ago
Listing on BigONE
New FXS/USDT Trading Pair on Fairdesk

New FXS/USDT Trading Pair on Fairdesk

Fairdesk will open trading for 11 perpetual trading pairs on at 2023-03-22 08:00 AM (UTC).

Added 2 years ago
New FXS/USDT Trading Pair on Fairdesk
Listing on BitForex

Listing on BitForex

FXS will be listed on BitForex.

Added 2 years ago
Listing on BitForex
Listing on LBank

Listing on LBank

FXS will be listed on LBank.

Added 2 years ago
Listing on LBank
Listing on AAX

Listing on AAX

Added 3 years ago
Listing on AAX
Listing on Bityard

Listing on Bityard

Added 3 years ago
Listing on Bityard
Listing on FTX

Listing on FTX

Added 3 years ago
Listing on FTX
Listing on BKEX

Listing on BKEX

Added 3 years ago
Listing on BKEX
Listing on ApeSwap

Listing on ApeSwap

Added 3 years ago
Listing on ApeSwap
Listing on KuCoin

Listing on KuCoin

Added 3 years ago
Listing on KuCoin
Listing on CoinBene

Listing on CoinBene

Added 4 years ago
Listing on CoinBene
Listing on MXC

Listing on MXC

Added 4 years ago
Listing on MXC
Listing on Gate.io

Listing on Gate.io

Added 4 years ago
Listing on Gate.io

Frax (prev. FXS) Events on the Chart

What is Frax (prev. FXS)?

Frax (FRAX) is a fully decentralized stablecoin protocol that uniquely combines algorithmic management with collateral backing to create a novel hybrid approach. Notably, Frax is the first fractional-reserve stablecoin of its kind.

Typically, stablecoins are either fully collateral-backed (such as USDT) or fully algorithmic (like Ampleforth). Frax melds these two approaches together, creating a dynamic blend of collateralization and algorithmic stabilization.

In cases where the stablecoin trades below its peg of one US dollar, the introduction of algorithmic regulation helps to burn tokens until the price restores to a dollar. If the token trades above its one-dollar price, the system mints more Frax tokens to sell, thus stabilizing the price.

Frax (FRAX) has a secondary token, FRAX Shares (FXS), which is used for governance and participation in the Frax ecosystem. This means FXS holders have voting rights on governance matters and stabilization of the stablecoin. FXS holders are also entitled to a share of the fees earned in the Frax system.

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