Decentralized finance (DeFi) pioneer Synthetix has announced a bold plan to re-acquire Derive, a crypto options platform that originally spun off from its ecosystem. The proposed $27 million token exchange deal was unveiled in a blog post on May 14 and is contingent upon approval from both communities via governance
Following two acquisitions, Synthetix announced its relaunch today with multi-collateral perpetuals on the Base network. The Synthetix reboot comes with the launch of a new website, relaunch of its exchange platform, and Synthetix Leveraged Tokens, along with perpetuals on Base. While the ongoing crypto bull run contributes to the success
Many major coins have seen significant gains so far in 2023, which has been a great start for the cryptocurrency market. However, the crypto market has fallen off as we move into the week of March 6. Here are the cryptocurrencies to watch for this week. Synthetix (SNX) The ongoing
The token’s 24-hour trading volume has grown by more than 1,200 percent. This fast increase in SNX is backed by the rising daily network traffic due to its new role. The price of SNX, the native token of Synthetix decentralized finance (DeFi) platform, has rebounded more than 100 percent to
On Tuesday, Synthetix native token SNX surge in price. Lyra’s new program called, “trial liquidity mining program”. LYRA tokens not yet released for trading. On Tuesday, an Ethereum-based DeFi ecosystem Synthetix native token SNX surge in price. The reason behind the price surge is Lyra has announced a rewards program
