$FXS , the governance token of the Frax Finance ecosystem, is currently trading around $2.3. FXS has seen some fluctuations recently but has maintained a significant presence in decentralized finance (DeFi). Over the past week, FXS has witnessed price increases of around 11.7%, driven by active market participation and DeFi developments. The trading volume is robust, standing at $42.2M in the last 24 hours, indicating healthy liquidity​.

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