DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus

DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus

The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers – which, in turn, could drive more ether towards Frax, and drive even more demand for Frax’s tokens among users.

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