Frax Share (FXS)

Frax Share (FXS) is the governance and value accrual token of the Frax Stablecoin Protocol. It is built on the Ethereum platform and holds the 90th position in terms of market capitalization. FXS is categorized under various ecosystems such as Solana, Harmony, Ethereum, Arbitrum, Fantom, Polygon, and more. It is considered as part of the decentralized finance (DeFi) and seigniorage categories.

Polygon (MATIC)

Polygon (MATIC), previously known as Matic Network, is a well-structured and user-friendly platform for Ethereum scaling and infrastructure development. It operates on the Ethereum platform and is currently ranked 13th in terms of market capitalization. Polygon offers the Polygon SDK, a flexible framework that supports various types of applications, including Optimistic Rollup chains, ZK Rollup chains, stand-alone chains, and more. The platform aims to transform Ethereum into a multi-chain system, similar to other platforms like Polkadot and Cosmos, while leveraging the security and openness of Ethereum's ecosystem.

Existing applications built on the Plasma-POS chain will continue to operate as before. However, Polygon is introducing new features to expand its capabilities and cater to the diverse needs of the developer ecosystem. The MATIC token plays a crucial role in securing the system and enabling governance within the Polygon ecosystem.