Binance Square

synthetix

125,995 views
45 Discussing
Angila Hack rIiX
--
Bullish
It looks like you’ve shared $SYN /USDT trading data — let me help you break it down clearly: Current Price: $0.3669 24h Change: +9.16% 24h High: $0.3796 24h Low: $0.3031 24h Volume: In $SYN : 33.19M In USDT: 10.99M RSI(6): 80.1060 → This is very high, meaning the token is currently overbought (RSI > 70 usually suggests overbought conditions). Past Performance: 7 Days: +131.34% 30 Days: +93.61% 90 Days: -23.59% 180 Days: -38.41% 1 Year: -65.32% $SYN --- Interpretation: Short-term momentum is very bullish (strong recent gains). But long-term trend (1 year) is strongly bearish. RSI hints at potential short-term correction because it's overbought. Price is currently hovering just below recent 24h high. --- If you are trading, depending on your style: Scalping or short-term: You might wait for a slight dip (due to RSI) and catch a quick rebound. Long-term investment: Be cautious — long-term trend is negative. #SYN #synusdt #SYN/USDT #SYN智能策略库🥇🥇 #Synthetix
It looks like you’ve shared $SYN /USDT trading data — let me help you break it down clearly:

Current Price: $0.3669

24h Change: +9.16%

24h High: $0.3796

24h Low: $0.3031

24h Volume:

In $SYN : 33.19M

In USDT: 10.99M

RSI(6): 80.1060 → This is very high, meaning the token is currently overbought (RSI > 70 usually suggests overbought conditions).

Past Performance:

7 Days: +131.34%

30 Days: +93.61%

90 Days: -23.59%

180 Days: -38.41%

1 Year: -65.32%

$SYN

---

Interpretation:

Short-term momentum is very bullish (strong recent gains).

But long-term trend (1 year) is strongly bearish.

RSI hints at potential short-term correction because it's overbought.

Price is currently hovering just below recent 24h high.

---

If you are trading, depending on your style:

Scalping or short-term: You might wait for a slight dip (due to RSI) and catch a quick rebound.

Long-term investment: Be cautious — long-term trend is negative.
#SYN #synusdt #SYN/USDT #SYN智能策略库🥇🥇 #Synthetix
Thanks for sharing the $SYN /USDT trading snapshot, Angila. Here's a quick breakdown of the key data and what it could mean: --- Current Price $0.2916 Change: +9.34% (bullish movement) --- 24h Stats High: $0.3155 Low: $0.2456 Volume: $SYN : 74.57M USDT: 20.79M $SYN --- Technical Indicators RSI (6): 56.89 → Neutral to slightly bullish zone (not overbought yet) MA(5): 1.93M MA(10): 2.63M → Volume is slightly declining on average MACD, BOLL, EMA, etc.: No values shown, but worth checking for trend confirmation --- Support & Resistance Zones Resistance: $0.3155, $0.3214 Support: $0.2703, $0.2456 --- Short-term Sentiment Looking bullish with good volume and RSI not yet overbought. If it holds above $0.29 and breaks $0.3155, it could test $0.32+. But if it dips below $0.27, it might re-test $0.2456. #SYN #SYNC #synusdt #Synfuture #Synthetix
Thanks for sharing the $SYN /USDT trading snapshot, Angila. Here's a quick breakdown of the key data and what it could mean:

---

Current Price

$0.2916

Change: +9.34% (bullish movement)

---

24h Stats

High: $0.3155

Low: $0.2456

Volume:

$SYN : 74.57M

USDT: 20.79M

$SYN
---

Technical Indicators

RSI (6): 56.89 → Neutral to slightly bullish zone (not overbought yet)

MA(5): 1.93M

MA(10): 2.63M → Volume is slightly declining on average

MACD, BOLL, EMA, etc.: No values shown, but worth checking for trend confirmation

---

Support & Resistance Zones

Resistance: $0.3155, $0.3214

Support: $0.2703, $0.2456

---

Short-term Sentiment

Looking bullish with good volume and RSI not yet overbought. If it holds above $0.29 and breaks $0.3155, it could test $0.32+. But if it dips below $0.27, it might re-test $0.2456.
#SYN #SYNC #synusdt #Synfuture #Synthetix
🚀 $SYN /USDT: DeFi is SURGING! 🔥 Get Ready for Takeoff! 🚀 📈 Currently at $0.2231 📊 Market Structure: • Making consistent higher highs and lows on the 30-min chart! ⬆️ • Strong bullish momentum after breaking back above $0.2200! 💪 • Not much resistance until the recent high of $0.2265! 💨 🔑 Key Levels: • Resistance: $0.2265 / $0.2300 🚧 • Support: $0.2150 / $0.2080 🛡️ • Breakout Zone: Above $0.2200! ✅ $SYN {spot}(SYNUSDT) 🎯 Trade Setup: • Entry: $0.2200 – $0.2240 🟢 • Targets: • TP1: $0.2350 • TP2: $0.2480 🏆 • SL: Below $0.2110 🛑 💡 Quick Tip: Watch the volume! If $SYN breaks $0.2265 with strong volume, expect it to keep going! Ride the DeFi wave, but always use a stop loss! 😉 🔥 DeFi is on fire, and SYN is leading the pack! Are you ready to ride this wave? 🌊 #SYN #Synthetix #DeFi #CryptoGains #BullishRun
🚀 $SYN /USDT: DeFi is SURGING! 🔥 Get Ready for Takeoff! 🚀

📈 Currently at $0.2231

📊 Market Structure:
• Making consistent higher highs and lows on the 30-min chart! ⬆️
• Strong bullish momentum after breaking back above $0.2200! 💪
• Not much resistance until the recent high of $0.2265! 💨

🔑 Key Levels:
• Resistance: $0.2265 / $0.2300 🚧
• Support: $0.2150 / $0.2080 🛡️
• Breakout Zone: Above $0.2200! ✅

$SYN

🎯 Trade Setup:
• Entry: $0.2200 – $0.2240 🟢
• Targets:
• TP1: $0.2350
• TP2: $0.2480 🏆
• SL: Below $0.2110 🛑

💡 Quick Tip:
Watch the volume! If $SYN breaks $0.2265 with strong volume, expect it to keep going! Ride the DeFi wave, but always use a stop loss! 😉

🔥 DeFi is on fire, and SYN is leading the pack! Are you ready to ride this wave? 🌊

#SYN #Synthetix #DeFi #CryptoGains #BullishRun
See original
Synthetix's stablecoin plummets to $0.66 – What is happening with sUSD?One of the prominent stablecoins in the DeFi ecosystem – sUSD from the Synthetix protocol – has just experienced a severe shock, plummeting to $0.66, over 30% lower than its initial peg of $1. This is not just a single event, but the culmination of a prolonged decline over the past month – raising significant questions about the stability of both the Synthetix protocol and the collateral model of this stablecoin.

Synthetix's stablecoin plummets to $0.66 – What is happening with sUSD?

One of the prominent stablecoins in the DeFi ecosystem – sUSD from the Synthetix protocol – has just experienced a severe shock, plummeting to $0.66, over 30% lower than its initial peg of $1. This is not just a single event, but the culmination of a prolonged decline over the past month – raising significant questions about the stability of both the Synthetix protocol and the collateral model of this stablecoin.
Crypto Stablecoin SUSD Crashes 30% - What You Need to Know We discuss the recent crash of the crypto stablecoin SUSD, which is tied to the Synthetix $SNX token. Unlike $USDC which is backed by cash and bonds, SUSD relied on the volatile SNX token, causing it to lose its peg when the token dipped. The lesson learned is that crypto stablecoins can be risky, and it's important to stick to stablecoins with strong backing like USDC. #SUSD #Synthetix #SNX #USDC #stablecoin
Crypto Stablecoin SUSD Crashes 30% - What You Need to Know

We discuss the recent crash of the crypto stablecoin SUSD, which is tied to the Synthetix $SNX token. Unlike $USDC which is backed by cash and bonds, SUSD relied on the volatile SNX token, causing it to lose its peg when the token dipped. The lesson learned is that crypto stablecoins can be risky, and it's important to stick to stablecoins with strong backing like USDC.
#SUSD #Synthetix #SNX #USDC #stablecoin
--
Bullish
$SNX #Synthetix is maintaining position above the lower border of the falling wedge on the weekly chart Price is finding strong support at the main trendline while consolidating within this large pattern A decisive bounce from this wedge support could push price towards $5.00 Buy and Trade $SNX here {future}(SNXUSDT) @wisegbevecryptonews9 #BSCTradingTips
$SNX

#Synthetix is maintaining position above the lower border of the falling wedge on the weekly chart

Price is finding strong support at the main trendline while consolidating within this large pattern

A decisive bounce from this wedge support could push price towards $5.00

Buy and Trade $SNX here
@WISE PUMPS #BSCTradingTips
#SNX/USDT (Weekly) $SNX also had a Breakout ✅ in the weekly time-frame currently its retracing the same falling wedge after the Breakout👀. The Volume is quite good,🏓 so anticipating a Breakout in this week in $SNX 📈 #snx #Synthetix #BTC #Binance $SNX {spot}(SNXUSDT)
#SNX/USDT (Weekly)

$SNX also had a Breakout ✅ in the weekly time-frame currently its retracing the same falling wedge after the Breakout👀.

The Volume is quite good,🏓 so anticipating a Breakout in this week in $SNX 📈
#snx #Synthetix #BTC #Binance $SNX
See original
$SNX {spot}(SNXUSDT) Synthetix acquired the leveraged token platform TLX through a token swap transaction, which has been approved by SIP-412 and TIP-14. Currently, Synthetix is working with the TLX team to optimize several parameters in the current implementation and is fully advancing the launch work on the Base chain. They plan to complete a comprehensive review, implement parameter improvements, and redeploy all contracts in the coming weeks. Once this work is completed, Synthetix will announce a generous leveraged token incentive program to welcome the arrival of 2025. #snx #synthetix
$SNX
Synthetix acquired the leveraged token platform TLX through a token swap transaction, which has been approved by SIP-412 and TIP-14. Currently, Synthetix is working with the TLX team to optimize several parameters in the current implementation and is fully advancing the launch work on the Base chain. They plan to complete a comprehensive review, implement parameter improvements, and redeploy all contracts in the coming weeks. Once this work is completed, Synthetix will announce a generous leveraged token incentive program to welcome the arrival of 2025.
#snx #synthetix
#SNX : Is "Synthetix" a Good Investment?$SNX {spot}(SNXUSDT) #SNX #Synthetix ”Should I invest in Synthetix CryptoCurrency?" ”Should I buy SNX today?" According to our Forecast System, SNX is an awesome long-term (1-year) investment*. We predict future values with technical analysis for wide selection of digital coins like Synthetix. If you are looking for virtual currencies with good return, SNX can be a profitable investment option. Synthetix price equal to 2.027 USD at 2024-12-20. If you buy Synthetix for 100 dollars today, you will get a total of 49.342 SNX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2029-12-15 is 3.684 US Dollars. With a 5-year investment, the revenue is expected to be around +81.75%. Your current $100 investment may be up to $181.75 in 2029. Current Price: 2.027 USD #Synthetix Target Price : Synthetix price target in 14 days: 3.121 USD* upside and 1.725 USD* downside. (Highest and lowest possible predicted price in a 14 day period) Calculation For Trading: Resistance Level (R3):2.708 Resistance Level (R2):2.566 Resistance Level (R1):2.356 Pivot Point:2.214 Support Level (S1):2.004 Support Level (S2):1.863 Support Level (S3):1.652 [Click Here 👉👉 & Don’t miss a thing! Follow us for all of our latest posts and updates!](https://app.binance.com/uni-qr/cpro/adatomlink?l=en&r=386158032&uc=app_square_share_link&us=copylink) Donate Us : Like our target prices & Signals ? Support us by donating on # Tips (USDT) 👈👈 #BTCNextMove Disclaimer: This list is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. (*) This data could be outdated. Research done on: 20-12-2024

#SNX : Is "Synthetix" a Good Investment?

$SNX
#SNX
#Synthetix
”Should I invest in Synthetix CryptoCurrency?"
”Should I buy SNX today?"
According to our Forecast System, SNX is an awesome long-term (1-year) investment*.
We predict future values with technical analysis for wide selection of digital coins like Synthetix. If you are looking for virtual currencies with good return, SNX can be a profitable investment option. Synthetix price equal to 2.027 USD at 2024-12-20. If you buy Synthetix for 100 dollars today, you will get a total of 49.342 SNX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2029-12-15 is 3.684 US Dollars. With a 5-year investment, the revenue is expected to be around +81.75%. Your current $100 investment may be up to $181.75 in 2029.
Current Price: 2.027 USD

#Synthetix Target Price :
Synthetix price target in 14 days: 3.121 USD* upside and 1.725 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
Calculation For Trading:
Resistance Level (R3):2.708
Resistance Level (R2):2.566
Resistance Level (R1):2.356
Pivot Point:2.214
Support Level (S1):2.004
Support Level (S2):1.863
Support Level (S3):1.652
Click Here 👉👉 & Don’t miss a thing! Follow us for all of our latest posts and updates!
Donate Us :
Like our target prices & Signals ? Support us by donating on # Tips (USDT) 👈👈
#BTCNextMove
Disclaimer: This list is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.
(*) This data could be outdated. Research done on: 20-12-2024
Breaking News ⚠ 📢 **Synthetix Founder Reflects on Ethereum Sale Decisions** According to Odaily **Synthetix founder Kain** recently shared on 𝕏 that he **might have been better off selling all his $ETH ** 🤔 This comes after his earlier reveal that **since 2020** he has: - Sold **90% of his ETH holdings** 💸 - Increased his **$SNX investment to 35M tokens** 📈 🔹 **Reflecting on past moves** 🔹 **Big shift from $ETH to SNX** 🔹 **What’s next for his portfolio?** 👀 #Ethereum #Synthetix #Crypto
Breaking News ⚠
📢 **Synthetix Founder Reflects on Ethereum Sale Decisions**

According to Odaily **Synthetix founder Kain** recently shared on 𝕏 that he **might have been better off selling all his $ETH ** 🤔

This comes after his earlier reveal that **since 2020** he has:
- Sold **90% of his ETH holdings** 💸
- Increased his **$SNX investment to 35M tokens** 📈

🔹 **Reflecting on past moves**
🔹 **Big shift from $ETH to SNX**
🔹 **What’s next for his portfolio?**
👀 #Ethereum #Synthetix #Crypto
🚨 $SNX /USDT ALERT: Breakout Levels in Focus – Is $3.50 Next? 🚨 $SNX/USDT is currently trading at $3.29, up 21.90% in the past 24 hours. After a strong rally, the price is approaching critical resistance levels, signaling potential continuation or a pullback. Spot Trading Setup: • Entry Zone: $3.20 - $3.30 • Target 1: $3.35 • Target 2: $3.50 • Target 3: $3.60 • Stop Loss: $3.10 Futures Trading Setup: Long Position: • Entry: Above $3.30 • Target 1: $3.35 • Target 2: $3.50 • Target 3: $3.60 • Stop Loss: $3.20 Short Position (if rejected): • Entry: Below $3.20 • Target 1: $3.10 • Target 2: $3.00 • Stop Loss: $3.35 Key Levels to Watch: • Resistance: $3.35 (immediate), $3.50 (critical breakout). • Support: $3.20 (strong support), $3.10 (secondary support). ⚠️ Note: $SNX shows strong upward momentum, but caution is advised near resistance zones. Ensure tight stop-loss management and watch for clear confirmation of trend direction. #SNX #Synthetix #CryptoSignals #DeFi #TradingTips" {spot}(SNXUSDT)
🚨 $SNX /USDT ALERT: Breakout Levels in Focus – Is $3.50 Next? 🚨

$SNX /USDT is currently trading at $3.29, up 21.90% in the past 24 hours. After a strong rally, the price is approaching critical resistance levels, signaling potential continuation or a pullback.

Spot Trading Setup:
• Entry Zone: $3.20 - $3.30
• Target 1: $3.35
• Target 2: $3.50
• Target 3: $3.60
• Stop Loss: $3.10

Futures Trading Setup:

Long Position:
• Entry: Above $3.30
• Target 1: $3.35
• Target 2: $3.50
• Target 3: $3.60
• Stop Loss: $3.20

Short Position (if rejected):
• Entry: Below $3.20
• Target 1: $3.10
• Target 2: $3.00
• Stop Loss: $3.35

Key Levels to Watch:
• Resistance: $3.35 (immediate), $3.50 (critical breakout).
• Support: $3.20 (strong support), $3.10 (secondary support).

⚠️ Note: $SNX shows strong upward momentum, but caution is advised near resistance zones. Ensure tight stop-loss management and watch for clear confirmation of trend direction.

#SNX #Synthetix #CryptoSignals #DeFi #TradingTips"
See original
🔴 sUSD from Synthetix has lost its peg and has fallen to $0.66 — déjà vu with Terra? sUSD, the stablecoin from Synthetix, is again below $1 — the current price is around $0.66. The reason? The protocol update SIP-420, which unexpectedly changed the financial mechanics of the project. 📉 What happened: — The collateralization ratio was reduced from 450% to 200% — Old debts do not have to be repaid for a whole year — Stakers are no longer incentivized to buy back sUSD — The price of SNX has dropped → collateral decreased — Market panic is creating cascading sell-offs ⚠️ Reminds of the collapse of Terra/LUNA — and again the problem lies in the mechanics of collateral and trust. 💭 The million-dollar question: can we trust decentralized stablecoins without a hard tie to reserves? Subscribe — we are analyzing the risks while the market is turbulent 🔴 #bitcoin #crypto #stablecoins #synthetix #DEF $BTC $ETH $XRP
🔴 sUSD from Synthetix has lost its peg and has fallen to $0.66 — déjà vu with Terra?

sUSD, the stablecoin from Synthetix, is again below $1 — the current price is around $0.66. The reason? The protocol update SIP-420, which unexpectedly changed the financial mechanics of the project.

📉 What happened:

— The collateralization ratio was reduced from 450% to 200%

— Old debts do not have to be repaid for a whole year

— Stakers are no longer incentivized to buy back sUSD

— The price of SNX has dropped → collateral decreased

— Market panic is creating cascading sell-offs

⚠️ Reminds of the collapse of Terra/LUNA — and again the problem lies in the mechanics of collateral and trust.

💭 The million-dollar question: can we trust decentralized stablecoins without a hard tie to reserves?

Subscribe — we are analyzing the risks while the market is turbulent 🔴

#bitcoin #crypto #stablecoins #synthetix #DEF $BTC $ETH $XRP
#SNX #Synthetix $SNX Hey, guys, today we're gonna take a look at Synthetix, DEFI project, 60th in CM. On the weekly chart we can see that the instrument has returned and is trading within the boundaries of rectangular consolidation, in case the price fixes above has the potential to work off the breakdown for further growth around 7-8$. Locally on the daily chart the price is in a downtrend, now the local bounce from 3$, but until we do not consolidate above 3.5 has the potential for further decline, if the breakdown of 3.5 we may see growth in the area of local highs 4.6-4.7 where the main resistance is located. The key support is below 2.5, which can be tested and from where it is preferable to pick up this coin, this zone coincides with 0.786 Fibo. In general, the instrument is quite interesting and it is worth following. Stay tuned.
#SNX #Synthetix $SNX
Hey, guys,
today we're gonna take a look at Synthetix, DEFI project, 60th in CM.
On the weekly chart we can see that the instrument has returned and is trading within the boundaries of rectangular consolidation, in case the price fixes above has the potential to work off the breakdown for further growth around 7-8$.
Locally on the daily chart the price is in a downtrend, now the local bounce from 3$, but until we do not consolidate above 3.5 has the potential for further decline, if the breakdown of 3.5 we may see growth in the area of local highs 4.6-4.7 where the main resistance is located. The key support is below 2.5, which can be tested and from where it is preferable to pick up this coin, this zone coincides with 0.786 Fibo. In general, the instrument is quite interesting and it is worth following.
Stay tuned.
🔥 JUST IN : #Synthetix To Partner With #Ethena On New Staking Mechanism, Offer Higher Yields And Initiate Token Buybacks.
🔥 JUST IN : #Synthetix To Partner With #Ethena On New Staking Mechanism, Offer Higher Yields And Initiate Token Buybacks.
Synthetix price today is $ 0.912424 with a 24-hour trading volume of $ 88.53M, market cap of $ 104.78M, and market dominance of 0.00%. The SNX price increased 6.73% in the last 24 hours. Synthetix reached its highest price on Feb 14, 2021 when it was trading at its all-time high of $ 28.63, while Synthetix's lowest price was recorded on Jan 5, 2019 when it was trading at its all-time low of $ 0.032478. The lowest price since it's ATH was $ 0.819976 (cycle low). The highest SNX price since the last cycle low was $ 1.01603 (cycle high). The Synthetix price prediction sentiment is currently bearish , while Fear & Greed Index is showing 20 (Extreme Fear). Synthetix's current circulating supply is 114.84M SNX out of max supply of 212.42M SNX. In terms of market cap, Synthetix is currently ranked #42 in the DeFi Coins sector, ranked #10 in the Yield Farming sector, ranked #109 in the Ethereum (ERC20) Tokens sector and ranked #14 in the Layer 2 sector. #SNX #Synthetix $SNX {spot}(SNXUSDT)
Synthetix price today is $ 0.912424 with a 24-hour trading volume of $ 88.53M, market cap of $ 104.78M, and market dominance of 0.00%. The SNX price increased 6.73% in the last 24 hours.

Synthetix reached its highest price on Feb 14, 2021 when it was trading at its all-time high of $ 28.63, while Synthetix's lowest price was recorded on Jan 5, 2019 when it was trading at its all-time low of $ 0.032478. The lowest price since it's ATH was $ 0.819976 (cycle low). The highest SNX price since the last cycle low was $ 1.01603 (cycle high). The Synthetix price prediction sentiment is currently bearish , while Fear & Greed Index is showing 20 (Extreme Fear).

Synthetix's current circulating supply is 114.84M SNX out of max supply of 212.42M SNX. In terms of market cap, Synthetix is currently ranked #42 in the DeFi Coins sector, ranked #10 in the Yield Farming sector, ranked #109 in the Ethereum (ERC20) Tokens sector and ranked #14 in the Layer 2 sector.
#SNX #Synthetix $SNX
🚀 Altcoins Bottoming Out? Time to Pay Attention! 📊 Some altcoins are showing signs of life, and $SYNT is one to watch! 👀 Here’s why $SYNT is turning heads: - 🌐 Building the World’s Largest Decentralized AI Inference Pool: Powering the next generation of DeFi with AI! 🤖💡 - 🤝 New Collaboration: Partnered with @ClusterProtocol to supercharge their ecosystem! 🔗✅ - 📈 Bottomed Out Potential: Charts are looking juicy – could this be the start of a reversal? 🎯 - 🚀 Innovation Meets DeFi: AI + DeFi = The future of finance. 💸🌍 #DYOR, but $SYNT is definitely on my radar! 🛸 👇 What’s your take on $SYNT and the altcoin market? Let’s discuss! 💬 #Synthetix $SOL {future}(SOLUSDT)
🚀 Altcoins Bottoming Out? Time to Pay Attention! 📊

Some altcoins are showing signs of life, and $SYNT is one to watch! 👀

Here’s why $SYNT is turning heads:

- 🌐 Building the World’s Largest Decentralized AI Inference Pool: Powering the next generation of DeFi with AI! 🤖💡
- 🤝 New Collaboration: Partnered with @ClusterProtocol to supercharge their ecosystem! 🔗✅
- 📈 Bottomed Out Potential: Charts are looking juicy – could this be the start of a reversal? 🎯
- 🚀 Innovation Meets DeFi: AI + DeFi = The future of finance. 💸🌍

#DYOR, but $SYNT is definitely on my radar! 🛸

👇 What’s your take on $SYNT and the altcoin market?

Let’s discuss! 💬

#Synthetix $SOL
See original
Decentralized Exchange Infinex - A Potential Dark Horse1. Since Hyperliquid became popular, I have been looking for on-chain DEX and contract exchanges. Recently, I found Infinex, which may be a potential dark horse project. Infinex is a DEX developed by the Synthetix team, which simplifies DeFi operations through chain abstraction and non-custodial accounts. Everyone knows Sythetix, which was the king of on-chain contracts in the last cycle. 2. Let’s look at the investment lineup of infinex, including Solana Ventures, Wintermute Ventures and Founders Fund. Any one of them is a top-level institution. The most important thing is that I looked at the latest number of addresses of infinex. Currently, there are only more than 20,000 users, which means that there is no competition at all. It is definitely an unpopular project. The popular monad has exceeded 10 million test network addresses. Therefore, if infinex issues an airdrop, it is easy to become a big profit.

Decentralized Exchange Infinex - A Potential Dark Horse

1. Since Hyperliquid became popular, I have been looking for on-chain DEX and contract exchanges. Recently, I found Infinex, which may be a potential dark horse project. Infinex is a DEX developed by the Synthetix team, which simplifies DeFi operations through chain abstraction and non-custodial accounts. Everyone knows Sythetix, which was the king of on-chain contracts in the last cycle.
2. Let’s look at the investment lineup of infinex, including Solana Ventures, Wintermute Ventures and Founders Fund. Any one of them is a top-level institution. The most important thing is that I looked at the latest number of addresses of infinex. Currently, there are only more than 20,000 users, which means that there is no competition at all. It is definitely an unpopular project. The popular monad has exceeded 10 million test network addresses. Therefore, if infinex issues an airdrop, it is easy to become a big profit.
Crypto Stablecoin $SUSD you Crashes 30% - What You Need to Know We discuss the recent crash of the crypto stablecoin SUSD, which is tied to the Synthetix SNX token. Unlike USDC which is backed by cash and bonds, SUSD relied on the volatile $SNX token, causing it to lose its peg when the token dipped. The lesson learned is that crypto stablecoins can be risky, and it's important to stick to stablecoins with strong backing like $USDC . #stablecoin #SUSD #Synthetix #SNX #USDC
Crypto Stablecoin $SUSD you Crashes 30% - What You Need to Know

We discuss the recent crash of the crypto stablecoin SUSD, which is tied to the Synthetix SNX token. Unlike USDC which is backed by cash and bonds, SUSD relied on the volatile $SNX token, causing it to lose its peg when the token dipped. The lesson learned is that crypto stablecoins can be risky, and it's important to stick to stablecoins with strong backing like $USDC .

#stablecoin #SUSD #Synthetix #SNX #USDC
Synthetix shifts focus to Base, while closing perps markets on Arbitrum #Synthetix $SNX has announced the closure of its perps markets on #Arbitrum $ARB , transitioning to a "close-only" mode where new positions cannot be opened. This decision aligns with the project's strategic shift to focus on #Coinbase 's #Base network. As part of the change, Arbitrum's #USDx will be managed by the Synthetix Treasury, which is purchasing USDx from the market to maintain liquidity.
Synthetix shifts focus to Base, while closing perps markets on Arbitrum

#Synthetix $SNX has announced the closure of its perps markets on #Arbitrum $ARB , transitioning to a "close-only" mode where new positions cannot be opened. This decision aligns with the project's strategic shift to focus on #Coinbase 's #Base network. As part of the change, Arbitrum's #USDx will be managed by the Synthetix Treasury, which is purchasing USDx from the market to maintain liquidity.
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number