Frax Finance has launched Fraxtal, its own Layer 2 network, which has been described as the most important and consequential release since the company's inception in 2020. The launch includes a testnet and mainnet available to select launch partners. Fraxtal aims to be a hub for documentation, a Layer 2 bridge user interface, and other features. The network is expected to attract significant liquidity, with predictions placing it in the top 5 chains by Total Value Locked (TVL) within a few months. Additionally, Frax Finance's commitment to the Optimism Superchain is notable, joining other projects like ZORA, Base, and Mode Network. The launch is also expected to be bullish for the $FXS token, with Frax Finance having two top 100 stable coins, $frxeth and $frax, and a Fully Diluted Valuation (FDV) of $0.9 billion, in contrast to $DYM's $6.2 billion and $JUP's $5.9 billion FDV. Curve LPs, traders, and arbitrageurs on Fraxtal are anticipated to be rewarded with $FXTL points.
Multifaceted stablecoin protocol @fraxfinance has launched Fraxtal, a modular Layer 2 network built using the @Optimism stack. The project will be airdropping FXTL points to veFXS stakers. Read more: https://t.co/yDv5ERm1Jt https://t.co/yCi5xqfq1D
🔴🤝@fraxfinance is committing to the Superchain, and we’re excited to welcome the launch of their chain, Fraxtal!👇 https://t.co/f5TtcN7XKA
ICYMI: Frax launches Layer 2 network Fraxtal with partner apps https://t.co/tl7gwSsIc1
Frax launches Layer 2 network Fraxtal with partner apps https://t.co/mSF3TFfcrv
Fraxtal really is going to be a blackhole for liquidity ... top 5 chain in TVL within a few months. $fxs $crv $frax https://t.co/NmB571K3WO
Looks like Curve LPs, traders and arbers on Fraxtal will be rewarded with $FXTL points 👀👀👀 $CRV $FXS $FRAX https://t.co/5G4VddfYqw
WELCOME @fraxfinance TO THE SUPERCHAIN! We are beyond excited to welcome them as they launch their new chain. They join brilliant builders like @ourZORA , @Base, @modenetwork, @latticexyz, and more being powered by @Optimism! Let’s keep building ❤️🔴 https://t.co/XEETUNvHmi https://t.co/CaRe0wdI2O
Here we go #fraxtal $fxs @fraxfinance https://t.co/CccckT8lQI
It’s time for the Fraxtal launch thread! The most important & consequential release since the dawn of Frax itself in 2020. Fraxtal testnet & mainnet are here for select launch partners! https://t.co/O8o2WbQ1C7 will be the hub of Fraxtal documentation, L2 bridge UI, & other… https://t.co/UEQwbu8TfI
Free money season indeed. Love it. $DYM $6.2b FDV $JUP $5.9b FDV $FXS $0.9b FDV --> $ ? @fraxfinance about to launch their own L2 #fraxtal with the power of two top 100 stable coins in $frxeth $frax https://t.co/H65cH808jI
Fraxtal launch today. 🔥 Have you secured some $FXS yet? 🌚 Still my biggest position with a HUGE margin. I'm fucking hyped! ⛓️¤⛓️ ⛓️¤⛓️ ⛓️¤⛓️ ⛓️¤⛓️ ⛓️¤⛓️ https://t.co/JrEX1lnpHa
On the eve of @fraxfinance launch of #fraxtal L2, here is a nice overview of why it could be bullish for $fxs and why it has the pieces to be successful. https://t.co/edcb6aH4hI