FXS Price Poised For Uptrend As Frax Finance Unveils Roadmap To Reach $100B TVL
Summary
Frax Finance unveiled Singularity Roadmap aiming to increase Fraxtal's TVL to $100 billion by 2026, a 760,000% surge from $13 million. Achieving 100% CR, it plans to transform FRAX stablecoin and FXS revenue share. Fraxtal on Optimism network offers advanced features and plans to establish 23 Layer 3s. Founder plans to allocate 50% of protocol fees to veFXS token holders, reactivate protocol fee switch, and enhance liquidity. FXS trading price is $6.93, reflecting a 3.5% loss in the past 24 hours. The impact of proposed features on the ecosystem and token's performance is yet to be determined.
