Frax Finance is a full suite DeFi solution, consisting of a Fraxlend isolated lending market, a FraxSwap AMM, a FRAX fully-collateralized stablecoin, a frxETH liquid staking derivative, and a FraxFerry bridge. Frax is governed by FXS token holders. Although the protocol first started as a fractional-reserve stablecoin, where excess FXS could be minted and sold in case of a FRAX de-peg scenario, the team has now shifted priority to full collateralization.

Frax ShareFXS
Live Frax Share price updates and the latest Frax Share news.
price
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$2.54
$0
(0%)
24h low
$2.42
24h high
$2.55
The live Frax Share price today is $2.54 with a 24-hour trading volume of $14.88M. The table above accurately updates our FXS price in real time. The price of FXS is up 0.43% since last hour, up 1.00% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $253.19M. FXS has a circulating supply of 89.87M coins and a max supply of 99.68M FXS.
about Frax Share
What is Frax Share?
Frax Share Stats
What is the market cap of Frax Share?
The current market cap of Frax Share is $228.27M. A high market capitalization implies that the asset is highly valued by the market.
What is the current trading activity of Frax Share?
Currently, 5.86M of FXS were traded within 24 hours of time. In other words, $14.88M have changed hands within the past 24 hours through trading. That's a change of 1.00%.
What is the current price of Frax Share?
The price of 1 Frax Share currently costs $2.54.
How many Frax Share are there?
The current circulating supply of Frax Share is 89.87M. This is the total amount of FXS that is available.
What is the relative popularity of Frax Share?
Frax Share (FXS) currently ranks 266 among all known cryptocurrency assets. The popularity is based on relative market cap.
market data
$ 228.27M
1.00 %
#266
$ 14.88M
90,000,000
recent research
Research
Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.
Research
Tokenized private equity platforms like PreStocks and Ventuals could democratize access to the $175B private equity secondary market by expanding participation from roughly 13 million accredited investors to over 100 million retail investors through blockchain-based trading infrastructure. However, both platforms represent high-risk ventures betting on unvalidated market demand, where technological capability has matured but regulatory clarity and sustainable liquidity remain unproven.
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