Frax Finance Partners with Fjord, Integrates with MetisL2; Bridged Assets to zkEVM and Fraxtal Up 12.3% and 14.5%

The cryptocurrency and blockchain space is witnessing significant developments with the introduction of new markets and partnerships. Frax Finance announced its partnership with @FjordFoundry to support projects launching on Fraxtal, its modular Layer 2 (L2) chain, promising extra benefits and incentives for projects that raise capital through Fjord's platform. Additionally, Frax Finance is expanding its presence by integrating its assets into the @MetisL2 DeFi ecosystem. This move is part of Frax's strategy to enhance its visibility and utility across various L2 solutions. In parallel, assets bridged from Ethereum Layer 1 to @0xPolygon zkEVM and Fraxtal have seen an increase of +12.3% and 14.5% over the past week, respectively, indicating a growing interest and movement of assets into these L2 networks. Another noteworthy development is the introduction of Flox by Frax, aimed at setting a new standard for blockchain space incentives and potentially propelling Frax to the top 5 in L2 Total Value Locked (TVL) within a year.