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$frxUSD has been nominated as the chosen pegkeeper for a handful of stablecoins as of late, however mcap on mainnet has been down over the past month.
However, up 10% on the month on Base.
Overall on all chains, basically flat on the year; mcap is $110m.
Wouldn’t be surprised to see mcap balloon out once there’s a greater influx of liquidity onchain. Will be interesting to watch 🍿