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What Is Fraxchain? Frax Finance's New Layer-2 Chain | CoinMarketCap

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.fraxfinance is considered by many as one of the most innovative builders in DeFi. 💪 Its main product, the FRAX stablecoin, is the first partially collateralized and partially algorithmic stablecoin. Details ⏬

has generated more than $34 million in fees on their chain and $8 million in revenue since August 2022. If Fraxchain could successfully push their chain to mainstream adoption in the crypto space, this development could significantly increase Frax Finance’s revenue streams.

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