Synthetix (SNX), a prominent player in the
decentralized finance (DeFi) sector, is going through significant transformation with a new application chain aiming for cross-chain liquidity for SNX staking. This initiative is backed by a whopping 99% of SNX holders and aims to overhaul the platform. A notable trend has been observed in the
SNX price, which has surged by 14% leading to questions about whether it's too late to invest in Synthetix. The coin is anticipated to join a select group of altcoins with a potential for reaching a $1 billion valuation. In a surprising turn of events, the
Gemini Crypto Exchange has announced to end its support for SNX. Meanwhile, Synthetix founder has reportedly donated a sum to an ex-Treasurer. There's been a marked increase in Synthetix's daily fee generation with over $1M as the
SNX token value surged to 100%. Market Maker DWF Labs has recently made a sizable $20M investment in the derivative trading platform. The
Synthetix DeFi Protocol is progressing towards a layer 2 launch. An interesting development has taken place with Grayscale shuffling Mixed Crypto Funds and dropping SNX. However, prominent investors and platforms like a16z, BlackRock, and Coinbase are reportedly maintaining their positions in SNX. Looking at future price developments, there's speculation that the SNX price could reach $50 by 2025.
SNX Coin News Analytics from Fri, 07 Dec 2018 12:49:36 GMT to Thu, 17 Oct 2024 16:24:00 GMT -
Rating 6
- Innovation 7
- Information 5
- Rumor 4
