Synthetix (SNX) brilla mentre TVL raggiunge i 670 milioni di dollari, l'analista prevede una continua ripresa

Synthetix (SNX), attualmente posizionata come la 54a criptovaluta più grande, è stata strettamente allineata alla tendenza generale del mercato. Negli ultimi 30 giorni, SNX ha registrato un sostanziale trend rialzista del 60%, mentre le sue prestazioni da inizio anno mostrano un impressionante aumento dei prezzi di oltre il 108%.

Timeline of Synthetix

The cryptocurrency market received positive emotions following a long-running battle between Ripple (XRP) and the US SEC. However, while the news greatly boosted the price of Ripple (XRP), Synthetix (SNX) remained relatively stable.

Decentralized exchanges are improving and look more like the smooth user-friendly experiences of their centralized competitors — but with the added benefit of keeping crypto in the hands of their users.

Synthetix (SNX) founder Kain Warwick says there's a chance that the next wave of people adopting crypto could end up preferring decentralized applications over their traditional centralized counterparts.

Synthetix, the leading decentralized finance protocol, is set to transform the landscape of decentralized trading by introducing Infinex, a cutting-edge derivatives front-end. Synthetix founder Kain Warwick aims to bridge the gap between decentralized and centralized exchanges by offering a noncustodial central limit order book that provides a user-friendly experience for traders of all levels.

The founder of Ethereum (ETH)-based decentralized finance (DeFi) protocol Synthetix (SNX) has announced the launch of a new project that he says aims to compete with centralized exchanges (CEXs).

SNX, the native token of the Synthetix Network, has been on the rise, gaining more than 35% in the past week. The cryptocurrency continues to exhibit strong bullish momentum, having registered a positive market performance over the past few weeks.

Infinex, a Synthetix frontend designed to rival centralized exchanges, was announced by its founder Kain Warwick on July 14. Infinex serves as a frontend to the existing derivatives liquidity protocol Synthetix, which operates in part on Optimism's OP Mainnet.

Kain Warwick, founder of the Synthetix derivatives protocol, has introduced Infinex, a new decentralized perpetuals exchange. The venture sets its sights on challenging the dominance of centralized exchanges such as Binance by prioritizing user experience, marking a notable shift in the DeFi status quo.

Decentralized finance (DeFi) protocol Synthetix could potentially burn a significant percentage of its supply if the project moves forward with a proposal from its founder. In a new blog update, Synthetix creator Kain Warwick lays out 12 different suggestions or opportunities for the project moving forward.

Synthetix (SNX) has been on many traders' watchlists since the start of May as the Decentralized Finance (DeFi) protocol appears to be pricking the interest of investors in recent times. Synthetix has been recording a slow and steady run in the price of its native token, which has placed its price at $2.45, up by 3.19% over the past 24 hours.