While bitcoin and the broader crypto market appear to be in stasis at press time, FXS, a governance token of a lesser-known fractional algorithmic stablecoin protocol Frax, has jumped 80% in 24-hour. You read it right; in a single day, the token has gained nearly twice more than what bitcoin has done so far this month and is now trading near $14.40, according to data provided by Messari.
Fractional-Algorithmic Stablecoin Protocol Frax’s Governance Token FXS Surges 80% on Supply Squeeze
