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news-imageOctober 25, 2024

The DeFi of Synthetix arrives on the Arbitrum blockchain with the Kwenta platform

Synthetix, a well-known DeFi protocol for synthetic assets, has just announced the launch of version V3 on the layer-2 blockchain of Arbitrum.
Publisher: The Cryptonomist
Sentiment: Positive
ARB
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.

Neutral
cover-imageThe Currency Analytics
October 24, 2024

Arbitrum's Big Test: Will the $0.61 Resistance Hold or Break

Arbitrum (ARB) finds itself at a critical juncture in the cryptocurrency market, with its price hovering near the significant resistance level of $0.61. The current trading environment suggests that bullish momentum is building, leading many traders and investors to speculate whether ARB can successfully break through this barrier.

Positive
cover-imageThe Currency Analytics
October 22, 2024

Top Altcoins to Consider for the Upcoming AltSeason

The cryptocurrency market continues to recover, with Bitcoin holding steady at around $69,000 and Ethereum reclaiming the $2,700 mark, investors are buzzing with excitement. Many analysts believe we are on the cusp of a significant Altcoin Season, where mid-cap and small-cap altcoins could see explosive growth.

Positive
cover-imageCoingape
October 21, 2024

Ethereum's Vitalik Buterin Reveals Vision for ApeCoin, Zuzalu, and Other DAOs

Ethereum co-creator Vitalik Buterin on Monday said he hopes to witness the future decentralized autonomous organization (DAO) having more ways to obtain highly decentralized and permissionless formal membership. Buterin claims any currency is permissioned currently and there is even a continuous tradeoff space between the ApeCoin and ZuVillage levels of permissionedness.

Positive
cover-imageThe Daily Hodl
October 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.

Positive
cover-imageCrypto news
October 9, 2024

Paxos expands yield-bearing stablecoin USDL to Arbitrum

Paxos International has launched its yield-bearing stablecoin Lift Dollar on Ethereum layer-2 network Arbitrum. The UAE-based subsidiary of Paxos, regulated by Abu Dhabi's Financial Services Regulatory Authority, announced the expansion of Lift Dollar (USDL) to Arbitrum (ARB) on Oct.

Positive
cover-imageCoingape
October 4, 2024

Magic Eden Expands To Arbitrum With New Gaming NFT Collection

Magic Eden will soon be minting Ubisoft's upcoming 10,000-piece NFT collection on the Ethereum scaling network Arbitrum to give holders early access to the new game. Minted on the Ethereum layer-2 scaling network Arbitrum, the new Niji Warrior ID NFTs unlock early access to the top-down shooter, enable participation in the game's governance model and

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