Yes, FXS gets burned when Frax is minted (amount depends on the collateral ratio CR) through the protocol. But this doesn't apply when Frax AMO mints FRAX, like with the Curve/Convex AMOs.
Is there a chart that shows the total circulating supply over the last 12 months? A line graph or something?
You can check here by viewing circulating supply for fxs https://app.frax.finance
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