The Frax Share (FXS) token is up a whopping 35% in the past seven days, making it one of the best performers within the otherwise stagnating cryptocurrency market.
During the past 24 hours alone, the cryptocurrency is up by more than 16%, trading at just shy of $7 at the time of this writing.
frxETH will soon be released by Frax Finance. Ethereum staking yield is such a large and sustainable source of yield, we are about to witness an explosion of staked ETH tokens. – Commented a user.
In case you missed it, Frax Protocol is already creating mainner blocks! Get ready for the most interesting ETH liquid staking derivative released by a major stablecoin issuer.