The Fraxchain testnet is expected to launch in early January 2024, and the FXS token can capture sequencer revenue
ChainCatcher news, Frax founder Sam Kazemian revealed in the official Telegram that the Frax Finance Ethereum L2 network, Fraxchain, aims to launch its testnet in early January 2024.
Fraxchain is a computation Rollup, not an application chain, and plans to support any developers who want to build on it, including those creating other stablecoins, LSDs, or anything that doesn't have to use Frax assets. Early project builders will definitely receive the most block space incentives. FXS will be the native token of Fraxchain and will earn sequencer revenue, with a decentralized sequencer mechanism to be controlled in future updates.
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