Dogecoin Sees Weekend Bump After Musk Tweets, Synthetix Volumes Grow to $200M
Over the weekend, separate catalysts lead to volatile trading in the two tokens with SNX rising as much as 85% in the past 24 hours. Source
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Synthetix
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC, & sUSD/3CRV, allowing investors to cheaply convert synths such as sETH to Ether (ETH). Given the investors’ willingness to hold tokens instead of synths, the protocol racked up over $1.02 million in
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Sushi and Synthetix get the boot in Grayscale DeFi fund rebalancing
Digital asset management firm Grayscale, has added three new cryptocurrency assets across three main investment funds, while removing two other assets from its Decentralized Finance Fund as part of this year’s first quarterly rebalance. Grayscale removed tokens from crypto-derivatives decentralized exchange Synthetix (SNX), and decentralized exchange SushiSwap (SUSHI), from its DeFi
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Synthetix Kwenta Alpha Launches on Optimism
Synthetix’s Kwenta exchange has announced the launch of the L2 Kwenta Alpha on Optimistic Ethereum. The team says the L2 Alpha will enable both Synthetix and Kwenta users to learn more about trading synthetic assets on L2, while also enjoying up to 50x cheaper transaction fees, according to a blog post
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Synthetix turns on layer-two alpha, launches Olympics betting on options platform
Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform.The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and lower fees using optimistic rollup technology.Initially, there will be
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Coinbase Ventures, Paradigm Invest $12M in Synthetix DeFi Platform
Decentralized trading platform Synthetix has raised $12 million from venture capital firms Coinbase Ventures, Paradigm and IOSG. The raise looks to be a rare occurrence of VCs investing through the purchase of a platform’s native token directly from its treasury rather than wiring funds to its founders.Synthetix is run by
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Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG
The Synthetix DAO has added some new, perhaps surprising voices to its governance. Today the synthetic asset protocol announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds purchased SNX tokens directly from the DAO treasury, and “will contribute where possible by providing
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Optimism ‘Soft Launches’ Ethereum Throughput Solution With DeFi’s Synthetix
Optimism has “soft launched” its solution to Ethereum’s transaction problem, the Optimistic Virtual Machine (OVM).The startup announced Friday that OVM is now live, at a time when gas fees have reached near all-time highs for decentralized finance (DeFi) traders. Indeed, the cost to send a single Ethereum transaction has hovered
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Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival
The strength of Bitcoin's (BTC) uptrend appears to be growing as the top-ranked digital asset soared above $40,000 earlier today. It's probably safe to say that many investors are completely astounded by the fact that BTC has doubled its value only a month after breaking through the $20,000 mark. This suggests
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