Tag: snx

Mar 25 2021

DeFi Protocol Synthetix Forges Ahead With L2 Testing

Decentralized finance platform Synthetix has been one of the first to embrace Layer 2 scaling, and it has just posted a progress update. In a March 24 blog post, Synthetix, the synthetic asset trading platform, stated that its transition to Layer 2, which began in January 2020, has been “amazing to watch so...

Feb 18 2021

Synthetix Network: – All you need to know about Synthetix (SNX)

Feb 18 2021 Published at CryptoTicker under tags  altcoin crypto defi education free resources

Synthetix (SNX) is one of the topmost Decentralised Finance (DeFi) platforms. Synthetix's native token SNX is at no. 7 in terms of market capitalization. Synthetix is essentially a decentralized exchange but also works as a synthetic asset issuance platform. This post is a basic guide about the...

Jan 31 2021

Staking on Synthetix Live on Optimistic Ethereum

Staking on Synthetix is live on the L2 mainnet, Optimistic Ethereum (OΞ). With this staking, Synthetix has attained a new height. Likewise, the Ethereum ecosystem also experienced a new height as Optimistic Ethereum (OΞ) is the first-ever scaling solution that has full cross-layer porting capabilities for smart contracts. In addition, such porting does not require the contracts to be rewritten. The Synthetix team...

Jan 14 2021

Synthetix Protocol Steps on the Gas With Layer 2 Launch

As Ethereum gas prices continue to skyrocket, decentralized finance protocols are striving to implement Layer 2 (L2) scaling solutions, and Synthetix is the latest to launch. Synthetix, the DeFi-based synthetic assets protocol that tracks the value of real-world assets, is about to launch its Optimistic Ethereum mainnet, entering a new era...

Dec 24 2020

Altcoin Price Update: THETA, BEL, and SNX

Dec 24 2020 Published at Altcoin Buzz under tags  bel snx technical analysis theta

With the SEC filing a case against Ripple Labs and its founders with a lawsuit worth $1.3 billion, it has created a lot of FUD in the whole crypto market. Like Ripple, this lawsuit could be extended to several other cryptocurrencies which could fall under the category of securities. This could result in a drop in the price of several altcoins. We have...

Dec 22 2020

DeFi Protocol Synthetix Launches New Staking Platform

Dec 22 2020 Published at Coingape under tags  defi defi news snx staking synthetix

Synthetic token DeFi protocol Synthetix has just launched a new platform with a range of staking and earning options for users. The decentralized finance protocol stated that the new interface has been rethought from the ground up to provide the best staking experience for holders of its native SNX token. The new staking dApp aligns The post DeFi Protocol Synthetix Launches New Staking...

Dec 15 2020

SushiSwap and Synthetix lead DeFi tokens in recovery amid widespread consolidation

Dec 15 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

The cryptocurrency market is in consolidation but SNX and SUSHI are flying the bullish flag high. Synthetix is poised for a 60% upswing above the ascending triangle pattern. The...

Nov 11 2020

DeFi Market Outperformed Overall Crypto Market by 18.4% Weekly Gains

Nov 11 2020 Published at Coingape under tags  comp defi defi news defi pulse news

After a significant correction through October 2020, the DeFi market has bounced back very strongly once again. Over the last week, the DeFi market has outperformed the overall crypto market in terms of the overall percentage gains. The Defi...

Nov 06 2020

How To Use The Synthetix Staking Platform – Mintr

Synthetix is a decentralized protocol built on Ethereum that allows SNX users to generate a wide variety of synthetic assets, known as synths. Users can generate synths by locking their SNX as collateral via the Synthetix smart contract. The collateralized assets are combined to create a counterparty debt pool to all the minted synths; thus allowing Synthetix...

Oct 16 2020

Synthetix Network Token DeFi Dominance Tanks Amid Looming Breakdown

Oct 16 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

Synthetix declines on hiatus amid low volatility and volume. Recovery is likely to hit a snag at the 21-day SMA, which could send SNX back to the drawing board. The decentralized finance (DeFi) craze appears to have hit pause. It seems this the time tokens in the sector have to prove their worth to investors. The post Synthetix Network Token DeFi Dominance Tanks...

Sep 26 2020

Sep 23 2020

Synthetix Technical Analysis: SNX Flips Resistance Into Support, aiming for $5

Sep 23 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

Synthetix price bounces off support at $3.40 in readiness for a breakout to $5.00. SNX/USD is drawing closer to the resistance at the 50EMA, likely to delay the bullish scenario. Synthetix Network Token price fell in tandem with other decentralized finance (DeFi) tokens. The lending, borrowing, and liquidity ecosystem has been dealt a heavy blow The post Synthetix Technical Analysis: SNX Flips Resistance...

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