DeFi Sector Brief: Frax Enters the Liquid Staking Arena

Over the last 14 days, Rocket Pool’s RPL rose 56%, Lido’s LDO grew 30%, and Stakewise’s SWISE notched a 26% gain. However, the newest entrant to DeFi’s competition for liquid staking supremacy, Frax Finance, outperformed all of these incumbents. Frax’s FXS token witnessed a 91% price increase over the same period as the market priced in the growth of its new staking service.

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