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 $7 at the time this writing.
FXS is this week’s biggest success story in terms overall price performance. It is second only to Huobi Token(HT) for an increase of around 35%. Frax Share’s price has also increased by more than 50% over the past two weeks.
Source: TradingView, Binance
Frax Finance, the network behind FXS, will launch a liquid staking program for its users.
Frax Finance will soon release frxETH. Frax Finance will soon release frxETH. Ethereum staking yield has been such a huge and sustainable source for yield that we are likely to see an explosion in staked ETH tokens. Commented on a user.
Frax Finance revealed in a tweet that the Frax Protocol has already created mainnet blocks.
Frax Protocol has already started creating mainner blocks, in case you didn’t notice! You can expect the best ETH liquid staking derivative to be released by a major stablecoin holder.
Frax Protocol has already started creating mainnet blocks, in case you didn’t notice! You can expect the best ETH liquid staking derivative to be released by a major stablecoin holder
Curve pool deployment
Soon to be launched
Frax Finance ($?, $?
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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