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 $131.31. 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 $0.0210 on June 24, 2026. It is currently trading -99.33% from its peak and +353.38% 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 $2.75M, and it is ranked #2069 by market cap on ReadPrices. Market cap is calculated as the current price multiplied by the circulating supply (28.93 million FPIS are actively circulating today).
