🔄 FXS Token Upgrades to FRAX on HTX Exchange
🔄 FXS Token Upgrades to FRAX on HTX Exchange
🔄 FXS becomes FRAX
HTX Exchange Integration
Frax Finance's FXS token is upgrading to FRAX on HTX Global exchange. This follows a similar upgrade on Crypto.com in January 2026.
What is FRAX?
- Serves as the ecosystem token for Frax Finance
- Functions as gas token on Fraxtal L1 blockchain
- Provides exposure to frxUSD, a GENIUS-compatible stablecoin
Background Context
The rebrand addresses confusion from Frax's evolution from fractionally-backed to fully-collateralized stablecoin:
- Original $FRAX stablecoin → $frxUSD
- Governance token $FXS → $FRAX
Fraxtal, built on Optimism, has grown to over $250M in TVL and focuses on AI integration with near-zero gas fees.
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