🥊ORCA 🆚 FXS 🥊
Frax Share (FXS) and Orca (ORCA) are both governance tokens for their respective DeFi protocols, but they serve different functions. FXS, with a market cap of approximately $256 million and a max supply of 100 million tokens, is the governance token for the Frax Finance ecosystem, a unique fractional-algorithmic stablecoin protocol. Its value is tied to the stability and growth of the FRAX stablecoin.
In contrast, ORCA, with a smaller market cap of around $125 million and a max supply of 100 million tokens, is the native token of the Orca decentralized exchange (DEX) on the Solana blockchain. ORCA holders can participate in governance and earn rewards for providing liquidity to the platform's trading pools.
