The new offering will add to Frax’s existing product suite, which comprises FRAX, a fully collateralized algorithmic stablecoin, a lending platform, an automated market maker, an inflation-linked stablecoin, FPI, and the liquid staking token frxETH. As of the time of writing, FRAX has a market cap of $647 million, the seventh-largest stablecoin in the world, per CoinGecko.
Source: https://www.coindesk.com/tech/2024/01/18/frax-finances-layer-2-fraxtal-to-debut-in-february-founder/?utm_medium=referral&utm_source=rss&utm_campaign=headlines