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Frax (prev. FXS) price

Frax (prev. FXS) priceFRAX

Listed
Buy
$2.71USD
-3.21%1D
The Frax (prev. FXS) (FRAX) price in United States Dollar is $2.71 USD as of 00:07 (UTC) today.
Frax (prev. FXS) price USD live chart (FRAX/USD)
Last updated as of 2025-09-16 00:07:59(UTC+0)

Frax (prev. FXS) market Info

Price performance (24h)
24h
24h low $2.6624h high $2.81
All-time high:
$42.67
Price change (24h):
-3.21%
Price change (7D):
-10.95%
Price change (1Y):
+46.24%
Market ranking:
#185
Market cap:
$243,564,662.72
Fully diluted market cap:
$243,564,662.72
Volume (24h):
$12,050,914.31
Circulating supply:
90.03M FRAX
Max supply:
99.68M FRAX
Total supply:
99.68M FRAX
Circulation rate:
90%
Contracts:
0x9d2f...4a988a7(Arbitrum)
Moremore
Links:
Buy/sell Frax (prev. FXS) now

Live Frax (prev. FXS) price today in USD

The live Frax (prev. FXS) price today is $2.71 USD, with a current market cap of $243.56M. The Frax (prev. FXS) price is down by 3.21% in the last 24 hours, and the 24-hour trading volume is $12.05M. The FRAX/USD (Frax (prev. FXS) to USD) conversion rate is updated in real time.
How much is 1 Frax (prev. FXS) worth in United States Dollar?
As of now, the Frax (prev. FXS) (FRAX) price in United States Dollar is valued at $2.71 USD. You can buy 1FRAX for $2.71 now, you can buy 3.7 FRAX for $10 now. In the last 24 hours, the highest FRAX to USD price is $2.81 USD, and the lowest FRAX to USD price is $2.66 USD.
AI analysis
Today's hot spots in the crypto market

As of September 15, 2025, the cryptocurrency market is experiencing notable developments across various sectors, including regulatory changes, market movements, and significant corporate actions. This report provides a comprehensive overview of the day's key events.

Market Overview

The cryptocurrency market is witnessing a downward trend today. Bitcoin (BTC) is trading at $114,903, down 1.04% from the previous close, with an intraday high of $116,702 and a low of $114,757. Ethereum (ETH) stands at $4,524.96, a 3.06% decrease, fluctuating between $4,670.82 and $4,510.54. Other major cryptocurrencies, including Binance Coin (BNB), XRP, and Cardano (ADA), are also experiencing declines.

Regulatory Developments

United Kingdom's Stablecoin Regulations

The Bank of England has proposed new regulations to cap individual stablecoin holdings between £10,000 and £20,000, and business holdings at £10 million. This initiative aims to protect the banking system from potential deposit outflows. However, cryptocurrency groups argue that these restrictions could hinder the UK's competitiveness in the digital asset sector.

U.S. Securities and Exchange Commission's Policy Shift

SEC Chairman Paul Atkins announced a significant shift in the agency's enforcement approach. The SEC will now notify businesses of technical violations before taking action, aiming to restore market confidence and ensure regulatory fairness. This change reflects a more lenient stance towards cryptocurrency regulations under the current administration.

Corporate Actions

Gemini's Successful IPO

Cryptocurrency exchange Gemini has raised $425 million through its U.S. initial public offering, pricing shares at $28 each. The IPO attracted demand exceeding 20 times the available shares, indicating strong investor interest and renewed optimism in the cryptocurrency sector.

Nasdaq's Move Towards Tokenized Securities

Nasdaq has filed a proposal with the SEC to allow trading of tokenized securities on its main market. If approved, this would make Nasdaq the first major U.S. stock exchange to embrace tokenized securities, integrating traditional and digital finance within the existing market system.

Market Trends

Decline in Bitcoin-Hoarding Companies

Shares in companies that have accumulated large amounts of Bitcoin are experiencing significant declines. For instance, Strategy's shares have dropped 18% in a month. This downturn marks the first major setback in the "crypto treasury" trend that gained momentum earlier this year.

Security Concerns

Bybit Exchange Hack

In February 2025, the Dubai-based cryptocurrency exchange Bybit was hacked, resulting in the theft of approximately 400,000 Ethereum, valued at about $1.5 billion at the time. The attackers exploited a vulnerability in a third-party wallet tool, leading to a sharp drop in cryptocurrency prices and prompting regulators to review exchange security measures.

Conclusion

Today's developments highlight the dynamic nature of the cryptocurrency market, influenced by regulatory changes, corporate actions, market trends, and security incidents. Stakeholders should remain vigilant and informed to navigate this evolving landscape effectively.

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Do you think the price of Frax (prev. FXS) will rise or fall today?

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Voting data updates every 24 hours. It reflects community predictions on Frax (prev. FXS)'s price trend and should not be considered investment advice.
The following information is included:Frax (prev. FXS) price prediction, Frax (prev. FXS) project introduction, development history, and more. Keep reading to gain a deeper understanding of Frax (prev. FXS).

Frax (prev. FXS) price prediction

When is a good time to buy FRAX? Should I buy or sell FRAX now?

When deciding whether to buy or sell FRAX, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget FRAX technical analysis can provide you with a reference for trading.
According to the FRAX 4h technical analysis, the trading signal is Strong sell.
According to the FRAX 1d technical analysis, the trading signal is Sell.
According to the FRAX 1w technical analysis, the trading signal is Neutral.

About Frax (prev. FXS) (FRAX)

What is Frax Share?

Frax Share (also known as Frax Protocol) is a DeFi protocol on Ethereum. Founded in 2019 by Sam Kazemian, Jason Huan, and Travis Moore, Frax Protocol deploys the first partially collateralized and partially algorithmic stablecoin, known as FRAX. Unlike traditional stablecoins, which are either fully collateralized by fiat or algorithmically stabilized, Frax introduces a fractional-algorithmic approach, giving it unique capabilities. The primary objective is to offer a new form of cryptocurrency that is decentralized, scalable, and algorithmically managed to replace digital assets with a fixed supply, like Bitcoin.

The FRAX stablecoin of Frax Protocol currently exists on 7 chains, namely Ethereum, Polygon, Avalanche, BNB Chain, Fantom, Harmony, and Moonriver.

Resources

Official Documents: https://docs.frax.finance/

Official Website: https://frax.finance/

How does Frax Share work?

The Frax Protocol operates with a dual-token system: FRAX, the stablecoin, and FXS, the governance token. These two tokens are interconnected in a complex web, where their supplies, collateral ratios, and prices are dynamically adjusted using algorithms. The protocol uses the time-weighted average of Uniswap pair prices and the ETHUSD Chainlink Oracle to influence the price and collateral backing of FRAX.

If FRAX trades above $1, the protocol will automatically decrease the collateral ratio, making it more algorithmic. On the other hand, if FRAX trades below $1, the protocol increases the collateral ratio to restore its peg. This dynamic mechanism ensures that FRAX maintains its peg to the US dollar while adapting to market conditions, thereby fulfilling its claim as the "only algorithmic stablecoin to have never lost peg."

What is Frax Share Token (FXS)?

FXS or Frax Shares serve as the governance token in the Frax ecosystem. They are pivotal in deciding the protocol’s future through on-chain governance. FXS token holders earn fees, seigniorage revenue, and excess collateral value generated within the ecosystem. More than 60% of FXS supply is allocated to liquidity providers and yield farmers over several years, further decentralizing the protocol’s governance.

Which Factors Affect Frax Share Token (FXS) Price?

The price of the FXS token is influenced by a variety of factors:

- Demand for FRAX: As the stablecoin gains adoption, the demand for FXS, which governs the ecosystem, is likely to increase.

- Governance Decisions: Any decisions affecting the collateral ratios, fees, or integration onto new blockchains could impact FXS token value.

- Market Sentiment: Like any other crypto asset, FXS prices are also influenced by overall market sentiment and macroeconomic factors.

- Liquidity: Availability of FXS on multiple exchanges and liquidity platforms can affect its price stability and volume.

Frax Share's Impact on Finance

Frax Share stands as a paradigm shift in decentralized finance, introducing a new category of fractional-algorithmic stablecoins. Its unique model offers a scalable, decentralized, and adaptive financial instrument, which could set the standard for future stablecoins and even influence traditional financial systems.

Conclusion

In conclusion, Frax Share is a pioneering financial model that has the potential to redefine how we perceive value, stability, and governance in the financial and crypto markets. Its unique fractional-algorithmic approach places it at the forefront of stablecoin innovation, showing promising signs for the future of decentralized finance.

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FRAX/USD price calculator

FRAX
USD
1 FRAX = 2.71 USD. The current price of converting 1 Frax (prev. FXS) (FRAX) to USD is 2.71. Rate is for reference only. Updated just now.
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FRAX resources

Frax (prev. FXS) ratings
4.6
100 ratings
Contracts:
0x9d2f...4a988a7(Arbitrum)
Moremore
Links:

What can you do with cryptos like Frax (prev. FXS) (FRAX)?

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How do I buy Frax (prev. FXS)?

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How do I sell Frax (prev. FXS)?

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What is Frax (prev. FXS) and how does Frax (prev. FXS) work?

Frax (prev. FXS) is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Frax (prev. FXS) without the need for centralized authority like banks, financial institutions, or other intermediaries.
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FAQ

What is the current price of Frax (prev. FXS)?

The live price of Frax (prev. FXS) is $2.71 per (FRAX/USD) with a current market cap of $243,564,662.72 USD. Frax (prev. FXS)'s value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Frax (prev. FXS)'s current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Frax (prev. FXS)?

Over the last 24 hours, the trading volume of Frax (prev. FXS) is $12.05M.

What is the all-time high of Frax (prev. FXS)?

The all-time high of Frax (prev. FXS) is $42.67. This all-time high is highest price for Frax (prev. FXS) since it was launched.

Can I buy Frax (prev. FXS) on Bitget?

Yes, Frax (prev. FXS) is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy frax-share guide.

Can I get a steady income from investing in Frax (prev. FXS)?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Frax (prev. FXS) with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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