Frax launches six-currency FX lineup on Aerodrome

Frax has launched a six-currency foreign-exchange pool lineup on Aerodrome, the decentralized exchange on Coinbase's Base network. The move expands DeFi's reach into global currency markets, positioning on-chain FX liquidity as an alternative to traditional FX systems. Traders would watch for liquidity growth in these pools as a signal of DeFi's ability to capture real-world currency trading volume, which could benefit both Frax's stablecoin ecosystem and Aerodrome's activity.