Synthetix ($SNX ) is a decentralized synthetic asset issuance platform built on Ethereum. It allows users to trade synthetic assets that track the value of real-world assets such as commodities, stocks, and cryptocurrencies. As of May 2025, $SNX is trading around $7.80, with support at $7.00 and resistance at $8.50. With the launch of the Synthetix V3 upgrade, which enhances scalability and liquidity, the project is poised for increased adoption. The platform’s strong position in the DeFi space and its upcoming improvements continue to support a bullish outlook for $SNX.

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