News Formal

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

  • 📰 CoinMarketCap
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

.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.

This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 290. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance firms' intern pay is on the rise amid tough timesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Maple Finance launches direct lending arm Maple DirectThe Maple Finance direct lending service is set to launch in July, offering project-tailored deals to web3 native firms.
Source: TheBlock__ - 🏆 464. / 53 Read more »

How to finance a used carThis comprehensive guide will take you all the way down the road of used car finance so you can decide if it’s right for you.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »

Japan Finance Minister Calls Yen's Moves 'One-Sided and Rapid'By Sylvan Lebrun TOKYO--The current movement of the yen-dollar exchange rate is 'one-sided and rapid,' Japan's minister of finance Shunichi Suzuki said...
Source: MarketWatch - 🏆 3. / 97 Read more »

Chibi Finance vanishes with $1 million on Arbitrum network in apparent 'rug pull'Chibi Finance, a DeFi project on the Ethereum Layer 2 network, Arbitrum, allegedly executed a “rug pull”, absconding with about $1 million.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Chibi Finance Rug Pulls Users for $1M, CHIBI Falls 98%Developers behind Chibi_Fi appeared to have rug pulled users for over $1 million this morning while Crypto Twitter influencers quickly deleted posts promoting the project. By shauryamalwa.
Source: CoinDesk - 🏆 291. / 63 Read more »