FXS Token Surges 27.79% on Binance as DeFi Demand and Staking Drive Breakout Above $3

FXSUSDT has experienced a significant price increase in the last 24 hours, rising 27.79% to a current price of 3.265 USDT on Binance. This surge is primarily attributed to heightened interest in the DeFi sector, a supply squeeze driven by high FXS staking rates, and a technical breakout above the key $3 resistance level, as reported by multiple analysts on social platforms. The move follows a period of consolidation and is supported by strong trading volumes, with Binance recording 4.89 million FXS traded in the past day. Market capitalization is estimated between $185.56 million and $231.30 million, with circulating supply around 88 to 91 million FXS, positioning Frax Share within the top 300 cryptocurrencies by market cap.