#snx

Synthetix Network Token (SNX): A Comprehensive Guide In the ever-evolving world of cryptocurrencies, Synthetix Network Token (SNX) has emerged as a standout project, gaining attention for its innovative approach to decentralized finance (DeFi). In this guide, we'll delve into what SNX is, its unique features, and why it might be worth your attention. What is Synthetix Network Token…

Synthetix (SNX) Soars 120% as Derivatives Hype Reignites DeFi’s ‘Dino Coin’

The DeFi veteran Synthetix has surged 120%, fueled by excitement surrounding its upcoming perpetuals DEX launch and a major trading competition. Analysts say this momentum could spark renewed interest in older DeFi protocols often dubbed “Dino Coins.” 🦖

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KAYSERİ (İGFA) – Türkiye’de ilk kez yapılan Snowcross Dünya Şampiyonası’nın 2024 sezonu Türkiye’nin en büyük kış sporları merkezi Erciyes’te başladı. Cumhurbaşkanlığı himayelerinde gerçekleşecek İstikbal SNX TÜRKİYE’nin yanı sıra Erciyes KışFest de açıldı. İstikbal SNX TÜRKİYE Açılış Seremonisi’nde konuşan TBMM Millî Savunma Komisyonu Başkanı ve Kayseri Milletvekili Hulusi Akar, “Erciyes çok…

Synthetix, the trailblazing decentralized cryptocurrency derivatives marketplace, has unleashed a transformative force with the launch of Perpetuals V3 on Coinbase's Ethereum Layer 2 solution, the Base blockchain. This strategic maneuver positions Synthetix as the inaugural perpetuals protocol on Base and marks the third evolution in its series.

The debut of Perpetuals V3 on the Base blockchain signifies more than a technological advancement; it's a strategic thrust into mainstream adoption. This move is poised to harness the expansive user base of Coinbase, potentially unlocking a surge in trading volumes for Synthetix perpetuals across the Ethereum ecosystem. With its predecessor, Perpetuals V2, having already amassed over $43 billion in trading volume since its January 2023 introduction, Synthetix's migration to Base is set to solidify its market dominance.

Synthetix isn't stopping there; it plans to extend the reach of V3 offerings on the Base platform, laying the groundwork for a new perpetual futures exchange dubbed Infinex. Kain Warwick, the visionary founder of Synthetix, underlines the importance of embracing decentralized technology to competently challenge centralized platforms. Perpetuals V3 is expected to empower developers on the base chain, allowing the creation of innovative derivative products on Synthetix, thus elevating the ecosystem's capabilities.

Despite a recent 35% decline in price, with Synthetix dropping from $4.95 to $3.16 on December 12, the unveiling of Perpetuals V3 serves as a pivotal juncture. The 24-hour trading volume of $25,867,289 signals a renewed surge in investor interest, potentially heralding further price appreciation. If this momentum persists, Synthetix's price could break through the $3.00 resistance level, inching towards the 100-day Simple Moving Average (SMA) at $3.28.