$FXS has completed a major 1:1 migration to the new FRAX ticker under the North Star upgrade.
This change consolidates the Frax ecosystem and removes long-standing token confusion.
Previously, FRAX referred only to the stablecoin, but it now represents the core utility token.
Major exchanges supported the migration, reducing market uncertainty.
The new FRAX token now acts as the native gas token for the Fraxtal blockchain.
Fraxtal operates as a modular Layer-2 rollup within the Ethereum ecosystem.
FRAX is also used for validator staking to secure the network.
This gives the token real economic value beyond governance.
The utility shift aligns FRAX more closely with ETH-like models.
Tokenomics were redesigned using a tail-emission structure.
Annual inflation begins at 8% to fund growth and security.
The inflation rate decreases by 1% each year until reaching 3%.
A burn mechanism destroys part of transaction fees.
This burn helps balance long-term supply growth.
FXS reached near all-time lows around $0.60 in late 2025.
Strong recovery followed the migration announcement.
Price moved toward the $0.90 region in early January 2026.
The rebound reflects confidence in Fraxtal adoption and utility expansion.
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