L2 Standard Bridged frxUSD $FRXUSD is a stablecoin enabling scalable and interoperable transactions across Layer 2 networks. More
| Fully Diluted Valuation | $94.69M |
|---|---|
| 24H Trading Volume | $909,170 |
| 24H Low / High | $0.99 / $ 1.01 |
| Circulating Supply | 94.76 M |
| Total Supply | 94.76 M |
| Max Supply | ∞ |
| Categories | Bridged-Tokens 1 more |
|---|---|
| Founder | Sam Kazemian |
| Website | frax.finance |
| Socials | |
| Chains | Fraxtal Ecosystem |
| Explorer | Fraxscan |
| Contracts |
0xfc0....00001
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| Name | Pair | OG Score |
|---|
L2 Standard Bridged frxUSD $FRXUSD is a key stablecoin within the Frax Finance ecosystem, which strives to deliver innovative decentralized financial solutions. Designed as a Layer 2 (L2) bridged version of the frxUSD stablecoin, $FRXUSD facilitates seamless cross-chain functionalities and interoperability, contributing to the broader adoption of stablecoin technology in the decentralized finance (DeFi) space.
Core Features of L2 Standard Bridged frxUSD $FRXUSD
Interoperability Across Layer 2 Networks: L2 Standard Bridged frxUSD $FRXUSD is optimized for Layer 2 solutions, enabling faster, scalable, and cost-efficient transactions across multiple blockchain networks.
Pegged Stability: L2 Standard Bridged frxUSD $FRXUSD maintains a strong peg to the U.S. Dollar, ensuring a reliable value for decentralized financial transactions.
Integration with Frax Protocol: As part of the broader Frax Protocol, $FRXUSD benefits from integration with other subprotocols and platform features such as Fraxlend and Fraxferry, enhancing its utility and accessibility.
Permissionless Bridging: By leveraging the bridging mechanisms within the Frax ecosystem, $FRXUSD provides users with a secure and efficient way to transport stable assets across supported networks.
Use Cases of L2 Standard Bridged frxUSD $FRXUSD
Cross-Chain Transactions: L2 Standard Bridged frxUSD $FRXUSD facilitates seamless movement of stable value between compatible Layer 2 and Layer 1 blockchains.
DeFi Applications: $FRXUSD serves as a stable medium for lending, borrowing, and liquidity provisioning within various decentralized financial applications.
Scalable Transactions: The L2 optimization of $FRXUSD ensures lower transaction costs and faster settlement times, making it ideal for microtransactions and high-frequency trading.
Collateral and Staking: Users can employ $FRXUSD as collateral in DeFi platforms or participate in staking pools to earn rewards.
Founders, Backers, and Partners
The Frax ecosystem, including L2 Standard Bridged frxUSD $FRXUSD, was established by its founder Sam Kazemian. Frax Finance is backed by a robust community of contributors and partners, fostering a collaborative environment for the development and implementation of advanced DeFi solutions. Additionally, the protocol is supported by prominent industry players who provide both technical and financial expertise to the ecosystem.
Conclusion
L2 Standard Bridged frxUSD $FRXUSD exemplifies the potential of Layer 2 solutions in enhancing the functionality and adoption of stablecoins. By combining scalability, interoperability, and robust integration within the Frax ecosystem, $FRXUSD continues to play an essential role in advancing the decentralized finance landscape.
L2 Standard Bridged frxUSD $FRXUSD offers seamless cross-chain transactions optimized for Layer 2 scalability and cost efficiency.
The founder of L2 Standard Bridged frxUSD $FRXUSD is Sam Kazemian.
L2 Standard Bridged frxUSD $FRXUSD is supported by contributors, partners, and prominent industry players within the Frax ecosystem.
