What is Frax Price Index Share (FPIS)?
The Frax Price Index Share (FPIS) token is the governance token of the Frax Price Index (FPI) system, which is also entitled to seigniorage from the protocol. Excess yield will be directed from the treasury to FPIS holders, similar to Frax Finance's FXS structure.
Where can you buy Frax Price Index Share?
Frax Price Index Share (FPIS) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for FPIS sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting FPIS, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Frax Price Index Share (FPIS)?
The reported 24-hour trading volume of Frax Price Index Share is $113.12. Volume is a live reading of how much FPIS changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Frax Price Index Share (FPIS)?
Frax Price Index Share reached an all-time high of $14.20 on April 13, 2022, and an all-time low of $0.0837 on February 27, 2026. It is currently trading -99.20% from its peak and +35.86% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where FPIS sits in its long-run price range.
What is the market cap of Frax Price Index Share (FPIS)?
Frax Price Index Share's market capitalization is currently $3.30M, and it is ranked #1993 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (28.93 million FPIS are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Frax Price Index Share (FPIS)?
The fully diluted valuation (FDV) of Frax Price Index Share is $11.42M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Frax Price Index Share compare against its peers?
Over the past 24 hours, Frax Price Index Share has moved -0.86%. Over the past seven days, the change is +0.64%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether FPIS is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Frax Price Index Share against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Frax Price Index Share?
Like any crypto asset, the right way to store FPIS depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
