Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

Cardano and Zilliqa work together to forge stronger connections and advance a more unified blockchain future.

Zilliqa Group, the web3 platform behind the Zilliqa (ZIL) blockchain, has partnered with EMURGO, the blockchain company supporting Cardano (ADA) development and adoption. This alliance aims to create a bridge between the ADA and ZIL blockchain ecosystems, leveraging the strengths of both platforms to promote interoperability and innovation.

Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

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.

Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.

TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.

Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.

Synthetix faces fierce competition on the DeFi-oriented layer-2.

Synthetix faces fierce competition on the DeFi-oriented layer 2.

Zilliqa (ZIL) started the week with a bullish stance after breaking above a descending wedge pattern on Monday. Consequently, the altcoin saw a notable uptrend to trade at $0.01440 during this publication – a nearly 5% jump. ZIL to extend upsurges The altcoin exhibits a bullish outlook after a 3.50% increase over the past day.

You may have forgotten about Synthetix, but the market certainly hasn't.

It could be followed with deployments on Optimism and Base.

Synthetix founder Kain Warwick donated $86,000 in Illuvium tokens to former CFO SynthaMan after the latter lost his SNX holdings due to liquidation caused by market volatility and high-risk decisions.

On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge.

ZIL, the utility token of the permissionless blockchain Zilliqa, has seen its price decrease by 37.29% this year. While holders may be hoping for a recovery, analysis suggests that decline may continue for some time.

The battle for the best blockchain for developers and users has been won by the likes of Ethereum, Solana, BNB Chain, Arbitrum, and Base. Many contenders who were hoping to take on Ethereum have faced substantial challenges and evolved into ghost chains.

In recent weeks, the HIVE token has experienced notable volatility. As of the latest update, HIVE is trading at $0.2224, marking a 2.03% decline in the past 24 hours and a significant 41.1% drop over the past year. Despite the recent fluctuations, the market cap stands at $111,370,448, and the 24-hour trading volume is $3,246,329.

According to a recent report, the cryptocurrency company Abra has acquired a collection of digital currency trusts from Valkyrie Investments. The transaction, which includes Valkyrie's Tron and Zilliqa trusts, was reportedly concluded before Abra reached a settlement with state regulators.

Abra, the digital assets and wealth management platform, purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto trusts from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private trusts just before its settlement with 25 U.S.

The crypto market has been observing different kinds of assets take the spotlight every now and then, and the newest addition to this list is Real World Assets (RWA). Joining the Artificial Intelligence (AI) altcoins in terms of popularity and demand, these tokens are a different breed altogether.

The analyst/host of The House of Crypto took to his latest video and said that there's potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season.

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.

TL;DR Zilliqa has released its highly anticipated version 2.0, highlighting improvements in speed and compatibility with other blockchains. The x-shards sharding architecture allows for the creation of customized blockchain experiences for businesses and developers. A new proof-of-stake consensus mechanism has been introduced to enhance network efficiency and security.

Block times can also be adjusted as desired. The root mainnet shard features an average block time of just 2 seconds.

Zilliqa (ZIL) notes sideways momentum that has continued for the past few weeks, which may not be easy to break.

Avalanche (AVAX), the leader of the Real-World Asset token category, currently has a valuation of $13.7 billion. Real-world assets (RWA) represent physical assets, like real estate or commodities, digitally tokenized on a blockchain, providing fractional ownership and liquidity.

As the first half of 2024 draws near, the cryptocurrency market has seen a significant sell-off, eroding the market capitalization of many assets.

As the Bitcoin and Ethereum price aims for a bullish week, the altcoins siphon additional momentum in the market for a quick jump. With a trend reversal anticipation in Synthetix and the bull run gaining momentum in ENS, the buyers expect a massive jump this week.

Synthetix (SNX) and Aave (AAVE) are both flat on the day, but green in the past week. SNX is 7% up while AAVE is holding onto double-digit gains as the latest news around Ethereum spot ETFs drives interest in related altcoins.

Synthetix (SNX) and Aave (AAVE) are both trading higher today, with 6% and 4% in 24-hour gains respectively. With the US Security and Exchange Commission (SEC) expected to make an announcement today, it could be a massive pump for SNX and AAVE. Meanwhile, Bitbot (BITBOT), a new project that just hit $3.

Key Takeaways At press time, SNX was up 466% from its initial listing price of $0.46 and down 91% from its all-time high. These statistics are evidence of SNX's highly volatile nature.

Zilliqa (ZIL) remains under bearish pressure after its price fell sharply amid recent network disruptions. While the ZIL token's current price saw a slight bounce to $0.022, a look at the performance over the past month indicates a downtrend. The slight recovery from the April lows of $0.

The depeg situation of Synthetix's sUSD has once again highlighted the vulnerabilities within DeFi systems and the impacts of liquidity shifts.

According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.

Synthetix's decentralized stablecoin, sUSD, fell below its $1 peg — reaching as low as $0.92 before slightly covering to $0.96.

In an era where decentralized finance (DeFi) is transforming the traditional financial world, Synthetix founder Kain Warwick has launched a new platform called Infinex.

The developers at Synthetix have rolled out Infinex — a front-end site for that unifies DeFi ecosystems under a user-friendly layer.

Zilliqa developers announced the complete restoration of network functionality after problems with block generation.

Following a series of network disruptions, Zilliqa has restored network functionality and is focused on debugging amid its v9.3.4 network upgrade.

Renowned blockchain entrepreneur and investor summarizes his thoughts on capital formation incentives in crypto, natural rivalry between VCs and retail investors, evergreen indicators for seed round participants and tough times for early-stage fundraising.

Following the mixed cues received from the market throughout March and April, some cryptos shot up while some came closer to making new bearish records.

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.

These are the best altcoins to buy and hold for the next 18 months, as they will likely skyrocket by 5x or 10x during that period.

These are the cryptocurrencies to buy as they represent altcoin ideas that are likely to multiply five times in the next 18 months.

Synthetix V3 on Arbitrum gains full community support for deploying.

Osmosis has been identified as the DeFi project with the highest level of development activity, contrasting with Uniswap, which has shown slower progress.