Number of on-chain transactions for FXS in the last 24h.
Buying addresses : 44
Selling addresses : 48
Comparison of fund inflow vs outflow for FXS, identifying the market momentum.
Inflow : $6,623
Outflow : $20,316
Type of players driving the momentum in FXS: Whales, dolphins or fish.
Buy : $6,637
Sell : $20,427
Large
$0 Buy
$0 Sell
Medium
$0
$0
Small
$6,637
$20,427
Frax Finance (Frax for short), formerly known as Decentral Bank, is a fractional algorithm stable currency protocol. Frax is an open source, permissionless, and fully on-chain protocol, currently running on Ethereum (cross-chain operation may be realized in the future). The ultimate goal of the Frax protocol is to provide a highly scalable and decentralized algorithmic currency to replace fixed-supply digital assets such as BTC. FRAX is a stable currency, and the target is around 1 USD/coin. Frax Shares (FXS) is a governance token that can accumulate fees, withhold income and excess collateral value. Frax (FRAX) is a partially algorithmic stablecoin. Its supply is partly supported by collateral and partly stabilized by algorithms. The ratio of collateral depends on the market price of the FRAX stablecoin. If the trading price of FRAX is higher than $1, the agreement will reduce the collateral ratio. If the trading price of FRAX is less than $1, the agreement will increase the collateral ratio.
$172,459
FXS
104,231
WETH
6
WETH : FXS
1:2777.62
$171,262
FXS
60,680
FRAX
85,945
FXS : FRAX
1:1.416
$15,345
FXS
5,456
WETH
2
WETH : FXS
1:2777.62