The on-chain Gas token of FraxChain is frxETH, and the FXS token is used to capture network sequencer revenue

ChainCatcher news, Frax founder Sam Kazemian responded to users in the official Telegram about "the role of frxETH and FXS in FraxChain," stating that the Gas token for FraxChain is frxETH, and the role of the FXS token is as a staking token for the FraxChain network validators, which can be used to capture validator income.

Previous news, the Ethereum L2 network Fraxchain's testnet aims to go live in early January 2024. Fraxchain is a computation Rollup, not an application chain.