Sonic Labs, previously known as the Fantom Foundation, announced via X on Tuesday that Frax Finance will launch on the Sonic blockchain. FRAX, frxETH, FSX, and their yield-bearing versions will be tradable exclusively on SwapX, powered by Algebra DEX.
Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its FTM coin is up 5% in the last 24 hours and is currently trading at $1.2737.