The Reason Frax Shares (FXS) Skyrocketed 35% in a Week

The Frax Share (FXS token) has seen a staggering 35% increase in the past seven trading days. This makes it one of the top performers in an otherwise stagnant cryptocurrency market.

The cryptocurrency has seen a more than 16% increase in the last 24 hours, trading at $7 at the time this writing.

FXS is this week’s biggest success story in terms overall price performance. It is second only to Huobi Token(HT) for an increase of around 35%. Frax Share’s price has also increased by more than 50% over the past two weeks.

Source: TradingView, Binance

Frax Finance, the network behind FXS, will launch a liquid staking program for its users.

Frax Finance will soon release frxETH. Frax Finance will soon release frxETH. Ethereum staking yield has been such a huge and sustainable source for yield that we are likely to see an explosion in staked ETH tokens. Commented on a user.

Frax Finance revealed in a tweet that the Frax Protocol has already created mainnet blocks.

Frax Protocol has already started creating mainner blocks, in case you didn’t notice! You can expect the best ETH liquid staking derivative to be released by a major stablecoin holder.

Frax Protocol has already started creating mainnet blocks, in case you didn’t notice! You can expect the best ETH liquid staking derivative to be released by a major stablecoin holder

frxETH audits

Curve pool deployment

Soon to be launched

pic.twitter.com/0qZI7M63iX

Frax Finance ($?, $?

October 13, 2022, @fraxfinance

CryptoPotato’s first article, The Reason Frax Shares (FXS), Skyrocketed 35% in One Week, appeared first on CryptoPotato.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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