👀
@fraxfinance @samkazemian
I don't know what sums you're dealing with ser @0xAero8 - for me whenever I wanted to go from Fraxtal to Mainnet I've used either @StargateFinance or @eywaprotocol .
Indeed - other options didn't work or were only with specific tokens.
Also - the native bridge and interface had all kinds of stuff not working, so haven't used it.
A lot to improve on that front tbh, and you bring up valid and good points. Hope the guys at Frax which I really do appreciate will improve it soon.
Aero
I've been an active DeFi user for years, and figuring out how to maneuver in @fraxfinance / Fraxtal has been the most trying situation I've been in since I first figured out how to bridge from one chain to another back in 2021.
FXS (now FRAX) is listed as FXS on Mainnet when using Frax's built in Swap / Bridge app, but listed as FRAX on Fraxtal. That's confusing.
There's no way to bridge FXS / FRAX from Fraxtal to some other L2s where there are FXS LPs with boosted Frax emissions (Linea as an example). What's the point of wasting money on LPs that are essentially gated? I'm not willing to lose >10% slippage to swap to FXS/FRAX on the L2 so figured bridging from Fraxtal / Mainnet was the way to go. Nope.
Lost 0.9 ETH on Frax's Bridge when trying to bridge from Linea to Fraxtal. It's stuck somewhere in there, I guess?
Had to grant approvals multiple times on Frax's swap app for the same coin, and the UI refresh was quite laggy compared to literally all other DEXs I use for swaps.
My point is - as always, the ideas are great in theory, but it seems like the 'day to day' aspect of users' experience on chain has been greatly overlooked.
.. I would like my 0.9 ETH back, please.😡
Rant Over.
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Nomatic
I really don't know how this chad maintains this consistency and output, but its inspiring to see 👏
The Daily Degen
The Daily Degen - Thursday, May 1st, 2025
Offers, Models, Pumps, Bangers, Macro, Videos, + New Protocols!
Shout-out to mentioned projects and tickers: $FRAX, $BAL, $GHX, $SOL, $BTC, $USDC, $REKT, $LOFI, $SERV, $ANON, @lpagent_io, @zero_lync, @ethereumR1
And shout-out to gigabrain accounts mentioned with >10k followers (make sure to give them a follow!): @twindoges, @Nomaticcap
And please RT/etc to support!
Link in next tweet 👇
Show original
6.12K
3
The Daily Degen
The Daily Degen - Thursday, May 1st, 2025
Offers, Models, Pumps, Bangers, Macro, Videos, + New Protocols!
Shout-out to mentioned projects and tickers: $FRAX, $BAL, $GHX, $SOL, $BTC, $USDC, $REKT, $LOFI, $SERV, $ANON, @lpagent_io, @zero_lync, @ethereumR1
And shout-out to gigabrain accounts mentioned with >10k followers (make sure to give them a follow!): @twindoges, @Nomaticcap
And please RT/etc to support!
Link in next tweet 👇
Show original
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Mars_DeFi and reposted
The DeFi Investor 🔎
The latest DeFi developments👇
Solana Policy Institute submitted a proposal to the SEC to enable the trading of US stocks on Solana
Ethena partnered with TON to offer USDe to Telegram’s 1 billion users
Fluid introduced Fluid DEX v2, which is set to go live in June-July. DEX V2 will significantly improve capital efficiency and introduce hooks
Infinex introduced Infinex Connect - a new SDK that enables using any dApps directly inside the Infinex wallet
MilkyWay launched its token MILK and the airdrop claiming portal
Jupiter Exchange introduced Ultra v2, which brings MEV protection and support for gasless transactions
Base L2 reached Stage 1 decentralization by launching permissionless fault proofs
Polygon introduced the Agglayer Breakout Program - designed to incubate chains that will airdrop their tokens to POL stakers
1inch expanded to Solana
Solv Protocol introduced fragBTC, Solana’s first native yield-bearing BTC
Aerodrome has unveiled Flashblocks, a major upgrade that will enable transaction confirmations in just 200ms
PancakeSwap Infinity (formerly PancakeSwap v4) went live, bringing hooks, multiple pool types, and gas savings
Frax Finance’s FXS token has become FRAX
Stripe announced the development of a new stablecoin product
That's all for today.
If you enjoyed reading this, a like and a retweet would be much appreciated🫡
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FRAX price performance in USD
The current price of frax is $1.0001. Over the last 24 hours, frax has increased by +0.02%. It currently has a circulating supply of 317,311,478 FRAX and a maximum supply of 317,311,478 FRAX, giving it a fully diluted market cap of $317.34M. The frax/USD price is updated in real-time.
5m
+0.00%
1h
+0.21%
4h
+0.00%
24h
+0.02%
About Frax (FRAX)
Frax (FRAX) is a decentralized digital currency leveraging blockchain technology for secure transactions. As an emerging global currency, Frax currently stands at a price of $1.0001.
Why invest in Frax (FRAX)?
As a decentralized currency, free from government or financial institution control, Frax is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Frax involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Frax (FRAX) prices and information here on OKX today.
How to buy and store FRAX?
To buy and store FRAX, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying FRAX, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 648 new posts about Frax, driven by 338 contributors, and total online engagement reached 156K social interactions. The sentiment score for Frax currently stands at 60%. Compared to all cryptocurrencies, post volume for Frax currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Frax.
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Posts
648
Contributors
338
Interactions
155,754
Sentiment
60%
Volume rank
#0
X
Posts
364
Interactions
31,689
Sentiment
66%
FRAX FAQ
What’s the current price of Frax?
The current price of 1 FRAX is $1.0001, experiencing a +0.02% change in the past 24 hours.
Can I buy FRAX on OKX?
No, currently FRAX is unavailable on OKX. To stay updated on when FRAX becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of FRAX fluctuate?
The price of FRAX fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
How much is 1 Frax worth today?
Currently, one Frax is worth $1.0001. For answers and insight into Frax's price action, you're in the right place. Explore the latest Frax charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Frax, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Frax have been created as well.
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Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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