Frax Finance’s Fraxtal: Layer 2 Debuting this February

January 18, 2024
1 min read

Frax Finance is set to launch its layer 2 blockchain, Fraxtal, in February. Fraxtal, which will utilize rollups technology, aims to address network congestion issues and improve transaction speed on the Ethereum network. The new offering will add to Frax Finance’s existing product suite, which includes the FRAX stablecoin, a lending platform, an automated market maker, and an inflation-linked stablecoin. Fraxtal is expected to attract several hundred million dollars worth of crypto assets in its first month and aims to have over $1 billion total value locked in Q1. The platform’s blockspace incentives feature, called Flox, offers users and developers a constant yield through an incentive program and weekly point gauge system.

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