Frax is no longer just a stablecoin protocol, but has evolved into an L1/L2 blockchain called Fraxtal.
The use of FRAX as gas fees (transaction fees) on the Fraxtal network creates sustainable real demand.
The liquidity incentive program in Fraxtal attracts a lot of new capital for staking and providing liquidity within the ecosystem.
FRAX
0.628
-0.71%