Despite experiencing a downturn in its market price at a time when Bitcoin was setting new all-time highs, Frax has been strategically positioning itself to become the preeminent M2 issuer within crypto. It is distinguished as the sole full-stack protocol that both owns and operates its on-chain balance sheet, with all economic value accruing to its governance token, $FXS.
Following its publication on the governance forum one month ago, the Singularity roadmap revealed that $FRAX had reached 100% collateralization after generating $45M in protocol revenue. This coincided with the mainnet launch of Fraxtal, which will be acting as the protocol’s operating system and enhancing its potential to unlock new revenue streams previously dormant.
This report is reserved for our Elite members. Upgrade your plan to gain access to in-depth analysis, actionable insights, and the tools you need to stay ahead in the crypto space.
Not ready for Exclusive Content? Sign up for free
