Frax is a unique stablecoin project, that has released the FRAX and Frax Price Index (FPI) stablecoin and aims to be a decentralized alternative to centralized counterparts such as USDC and USDT. Its uniqueness comes from using fractional collateralization in order to back one unit of the token. In order to ensure deep liquidity, organic adoption, capital efficiency and longevity the team has built a suite of products such as FraxFerry, FraxSwap and FraxLend.

In April, the European Investment bank, the lending arm of the European Union, issued a £100M bond on Ethereum’s blockchain. Just recently, Goldman Sachs announced plans to offer ether futures and options to its clients while the Bank of Israel is testing using Ethereum's technology in an internally launched digital shekel trial. Ethereum has been in the news a lot lately due to the NFTs craze earlier this year. If you can remember, Beeple sold his Everyday's NFT Collection for $69M worth of Ether. That’s a crazy amount of money, right?