Bitcoin
Bitcoin (BTC)
$67,658.00 -2.26048
Bitcoin price
Ethereum
Ethereum (ETH)
$2,419.45 -2.64336
Ethereum price
BNB
BNB (BNB)
$550.33 -2.46387
BNB price
Solana
Solana (SOL)
$158.69 -2.68753
Solana price
XRP
XRP (XRP)
$0.494779 -2.76891
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000163 -6.16213
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -8.20995
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -8.81563
Bonk price
Bitcoin
Bitcoin (BTC)
$67,658.00 -2.26048
Bitcoin price
Ethereum
Ethereum (ETH)
$2,419.45 -2.64336
Ethereum price
BNB
BNB (BNB)
$550.33 -2.46387
BNB price
Solana
Solana (SOL)
$158.69 -2.68753
Solana price
XRP
XRP (XRP)
$0.494779 -2.76891
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000163 -6.16213
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -8.20995
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -8.81563
Bonk price
Bitcoin
Bitcoin (BTC)
$67,658.00 -2.26048
Bitcoin price
Ethereum
Ethereum (ETH)
$2,419.45 -2.64336
Ethereum price
BNB
BNB (BNB)
$550.33 -2.46387
BNB price
Solana
Solana (SOL)
$158.69 -2.68753
Solana price
XRP
XRP (XRP)
$0.494779 -2.76891
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000163 -6.16213
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -8.20995
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -8.81563
Bonk price
Bitcoin
Bitcoin (BTC)
$67,658.00 -2.26048
Bitcoin price
Ethereum
Ethereum (ETH)
$2,419.45 -2.64336
Ethereum price
BNB
BNB (BNB)
$550.33 -2.46387
BNB price
Solana
Solana (SOL)
$158.69 -2.68753
Solana price
XRP
XRP (XRP)
$0.494779 -2.76891
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000163 -6.16213
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -8.20995
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -8.81563
Bonk price

Synthetix gains over 5% amid DWF Labs partnership

synthetix-gains-over-5-amid-dwf-labs-partnership
Edited by
Markets
Synthetix gains over 5% amid DWF Labs partnership

Synthetix’s native SNX token price has surged by over 5% in the last 24 hours, following a $20 million investment in the DeFi project by DWF Labs. 

DWF Labs, a global digital assets market maker and multi-stage web3 investment company, has inked a strategic partnership with Synthetix Network, an Ethereum-based derivatives liquidity protocol. 

As part of the alliance, DWF Labs has purchased $15 million worth of Synthetix’s native SNX token, with a further investment of $5 million in the pipeline.

Similarly, the partnership will enable DWF Labs to integrate Synthetix Perps products into its platform.

Synthetix is a decentralized finance (DeFi) protocol designed to enable the issuance, staking, and trading of synthetic assets that track the value of real-world assets and commodities. Synthetix Perps is a decentralized perpetual futures exchange that offers low fees and deep liquidity.

SNX token soars 

The price of SNX tokens rose to a high of $3.13 on the day, representing an increase of more than 4.9% in the 24-hour timeframe. 

Synthetix gains over 5% amid DWF Labs partnership - 1
SNX 24-hour chart | Source: Coingecko

SNX 24-hour trading volume of $236,709,580. SNX, the world’s 56th-largest cryptocurrency by market capitalization, is down by 89.19% since its all-time high of $28.53 reached in February 2021.