#frax 📊 FRAX (Frax) — Quick Analysis
Frax (FRAX) is the native token of the Frax Finance decentralized finance (DeFi) ecosystem, originally known as Frax Share (FXS) before a 2025 rebrand. In the updated system, FRAX functions as a governance and utility token within the Frax protocol, closely tied to the ecosystem’s stablecoins (like frxUSD) and incentive mechanisms. 
Current Price Behavior:
FRAX has traded below its previous highs and remains volatile, showing both price recoveries and corrections tied to protocol events and broader market sentiment.