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Fractional-Algorithmic Stablecoin Protocol Frax’s Governance Token FXS Surges 80% on Supply Squeeze

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While bitcoin and the broader crypto market look like 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 learn it proper; in a single day, the token has gained practically twice greater than what bitcoin has completed to date this month and is now buying and selling close to $14.40, in keeping with information supplied by Messari.

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