
Frax Finance is expanding its decentralized finance (DeFi) operations by deploying its entire DeFi stack on the Movement platform. This move involves rewriting its code in the Move programming language, which is expected to enhance speed, liquidity, and security. Frax Finance, known for its significant total value locked (TVL) of over $600 million, is integrating key components such as FraxLend, FRAX assets, and [Redacted] going live into Movement. Additionally, the expansion includes the sFRAX native swap and new products launching weekly. This development is part of a broader trend of growth within the DeFi sector, with Frax Finance being recognized as one of the fastest-growing superchains.
The movement eco is expanding with a big addition of Frax's central bank (FraxLend, FRAX assets, and more). Fast, liquid, secure, better DeFi powered by Move programming language. https://t.co/HO1nTODJdz
So great to see the Orbit ecosystem growing! With Stylus around the corner, I am sure the number of chains will continue going up and to the right https://t.co/RiBrKCLrfK
🪐⛓️📈 @SX_Network is one of the fastest-growing Orbit chains: https://t.co/3iEQ4b7CDs https://t.co/eNCq2yrwPb