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news-imageOctober 18, 2024

Derivatives Protocol Synthetix (SNX) Leads the DeFi Sector in Recent Development Activity: Santiment

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol's whitepaper.
Publisher: The Daily Hodl
Sentiment: Positive
SNX

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Positive
cover-imageCrypto Economy
October 30, 2024

Synthetix Proposes Kwenta Acquisition to Unify Its Exchange Ecosystem

TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.

Positive
cover-imageNewsBTC
September 6, 2024

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.

Positive
cover-imageCrypto Economy
June 16, 2024

Top 6 Best RWA Tokens in the Market for 2024

TL;DR The real-world asset (RWA) token market is growing exponentially in 2024, thanks to the convergence of blockchain technology and traditional assets. Tokens such as Maker, Chainlink, and Algorand stand out for their unique propositions and potential to facilitate investment in real estate, art, and music through decentralized platforms.

Positive
cover-imageCryptopolitan
April 18, 2024

SNX PRICE PREDICTION 2024-2033: IS SNX A GOOD INVESTMENT?

SNX Price Prediction 2024-2033 Synthetix is developing a decentralized liquidity provisioning protocol that is accessible to various platforms. It boasts substantial liquidity and minimal fees, making it an attractive backend for numerous protocols on both Optimism and Ethereum.

Negative
cover-imageThe Daily Hodl
February 6, 2024

Synthetix Creator Says SEC Would've Been Better Off Doing Absolutely Nothing in Response to Crypto ICOs – Here's Why

Synthetix (SNX) founder Kain Warwick thinks US regulators would have been better off steering clear of initial coin offerings (ICOs). Warwick says the U.S. Securities and Exchange Commission's (SEC) response to ICOs was “schizophrenic and bumbling” and generated a worse outcome for the sector than if the regulator hadn't done anything at all.

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