Synthetix Network News

Members of the Synthetix derivatives protocol community have given the green light to a governance proposal, SIP-2043, which seeks to halt the inflation of the SNX token. The latest change paves the way for new strategies, including token buybacks and…

Dec. 11 data from CoinMarketCap, the world's most-referenced price-tracking website for cryptoassets, Injective, Immutable and Synthetix are the top gainers in the last 24 hours, reporting up to 22% gains.

Synthetix just reached its 15-month-high, last seen in August 2022. However, the price-daily active addresses (DAA) divergence shows a sell signal despite the “Perps V3” announcement. Synthetix (SNX) is up by 20% in the past 24 hours and has registered…

The cryptocurrency market has recently faced an alarming decline, with the global market cap plummeting from $1.28 trillion on April 18 to a staggering $1.18 trillion on April 21.  Bitcoin (BTC), the flagship cryptocurrency, has experienced a significant drop, with…

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,…

The governance token of MakerDAO, MKR, topped gains last week, adding 27%, trackers on Mar. 5 show

Synthetix (SNX) has dropped by 5% from its previous levels and is now trading below $3, having gained more than 15% in the last week.

New algorithmic stablecoins like TerraUSD Classic (USTC), which depegged from the U.S. dollar early this year and propagated infection over the cryptocurrency world, might be prohibited for two years under a pending bill within the United States House of Reps.…

While the crypto market has witnessed massive growth over the last few years, 2022 hasn’t been so good. Digital assets are currently facing severe pressure, which has seen bitcoin, the largest virtual currency by market cap, lose more than 50%…

This past weekend, large-cap cryptocurrencies such as Bitcoin and Ethereum experienced another decline to $17,708 and $896, respectively. For Bitcoin, this marked its lowest level since early 2020, while for Ethereum, it was its lowest level since early 2021. Synthetix…

The worldwide crypto market cap stands at $1.81 trillion, a 0.18 percent fall from the previous day. The entire cryptocurrency market volume for the previous 24 hours is $83.26B, a 12.07 percent fall. The entire volume in DeFi is present…

Several cryptocurrencies have plunged over the last week as Bitcoin retraced. This week, however, the crypto space is rallying. The new market strength has seen Bitcoin moving from below $45K to about $48K. Ether (ETH) has been up 3% over…

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…

Crypto-collateralized stablecoins are stablecoins backed by other cryptocurrencies to shield them from the high volatility of the reserve crypto. By ‘backing’ them, they act as collateral. How Crypto-collateralized Stablecoins Work Let’s say you deposit ether worth $10 and receive stablecoins…

On the night of July 4, the BTC bulls prevailed and successfully surmounted the stubborn $33K resistance. The DeFi sector responded positively to that uptrend, with DeFi tokens such as SUSHI and AAVE bouncing nearly 20% in the last 24…

Crypto-bank Sygnum has launched institutional-level custody and trading services for decentralized finance (DeFi) tokens. This is a significant move for the Swiss-based bank and includes a yield farming solution. Sygnum Launches DeFi Services  Sygnum made the announcement today where it…