The cryptocurrency and blockchain space is witnessing significant developments with the introduction of new markets and partnerships. Frax Finance announced its partnership with @FjordFoundry to support projects launching on Fraxtal, its modular Layer 2 (L2) chain, promising extra benefits and incentives for projects that raise capital through Fjord's platform. Additionally, Frax Finance is expanding its presence by integrating its assets into the @MetisL2 DeFi ecosystem. This move is part of Frax's strategy to enhance its visibility and utility across various L2 solutions. In parallel, assets bridged from Ethereum Layer 1 to @0xPolygon zkEVM and Fraxtal have seen an increase of +12.3% and 14.5% over the past week, respectively, indicating a growing interest and movement of assets into these L2 networks. Another noteworthy development is the introduction of Flox by Frax, aimed at setting a new standard for blockchain space incentives and potentially propelling Frax to the top 5 in L2 Total Value Locked (TVL) within a year.
2x more assets have been bridged to $ARB vs. $OP (from Ethereum Mainnet) https://t.co/F3EMfZMllV
a few $ARB $OP charts: https://t.co/UH8gZiW8AO https://t.co/dPOykSAaKT
⏫ Assets bridged from Ethereum Mainnet to @fraxfinance (Fraxtal) up 14.5% over the past week. https://t.co/5M3Ro06Qkl
gud overview on @fraxfinance new L2 Fraxtal https://t.co/nPd3PsO0Jy
Frax is excited to announce our partnership with @FjordFoundry aimed at projects launching on Fraxtal, our modular L2 chain. Projects that raise capital on Fjord to deploy on Fraxtal can receive extra benefits, points, & incentives for launching via Fjord's platform! https://t.co/quAjaHwMeV
1/ 𝗙𝗹𝗼𝘅: 𝗔 𝗡𝗲𝘄 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗳𝗼𝗿 𝗕𝗹𝗼𝗰𝗸𝘀𝗽𝗮𝗰𝗲 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 ⛓ Flox is the heartbeat of Frax's new L2 Fraxtal which I believe can propel it to top 5 in L2 TVL within a year. What is Flox and how can you maximize your rewards? 🧵👇 https://t.co/WZIb9G9obu
Frax Assets are now on @MetisL2 & being integrated into their DeFi ecosystem 👀 Frax will be everywhere sooooon. https://t.co/xGuzFVAwhW
Assets bridged over from Ethereum L1 to @0xPolygon zkEVM up +12.3% over the past week ✍️📈 https://t.co/25iggTLSJd
A wild new market appears! Welcome @fraxfinance 🤝 https://t.co/FjO4jb2HNF