This handy tool lets users trade over 3,000 tokens on the BNB Chain directly from the Telegram app. It's like having a mini exchange in your pocket, making trading faster, simpler, and more accessible for everyone.

PancakeSwap has launched a Telegram bot that allows users to trade over 3,000 cryptocurrencies directly within the messaging app.

PancakeSwap's new Telegram bot lets users trade over 3,000 tokens from the app, highlighting DeFi's growing accessibility.

Altcoin tested the 200-day EMA—Will bulls break through or face a downturn if support fails?

The divergence in performance of DEX tokens suggests that while decentralized exchanges are a foundational component of DeFi, they face adoption challenges.

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The new partnership allows Cake Wallet users to use .xmr domains in their blockchain interactions.

TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.

DeFi protocol Synthetix is setting its sights on acquiring Kwenta, a derivatives exchange that emerged from Synthetix itself in 2020. The post Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives appeared first on Cryptonews.

Synthetix, a well-known DeFi protocol for synthetic assets, has just announced the launch of version V3 on the layer-2 blockchain of Arbitrum.

The v3 launch marks the DeFi protocol's first big product rollout after a governance overhaul in October.

PancakeSwap is at a critical juncture—will it break past key resistance, or will a breakdown trigger further downside?

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol's whitepaper.

The new memecoin launchpad on BNB Chain, GraFun, announced that projects launching on its platform can automatically graduate to PancakeSwap V3 after reaching 31 BNB.

Version 2 of the DEX recorded 6.1 billion dollars in seven days.

The SR-2 proposal wants to address many of the concerns currently dragging down the Synthetix protocol.

Synthetix community approves a major protocol overhaul with 99.4% support, aiming to revitalize the project through token redesign, multi-chain deployment, and governance restructuring.

A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.

TL;DR PancakeSwap has reached a cumulative trading volume of $836 billion and a total value locked of approximately $1.72 billion. PancakeSwap's v4 upgrade is designed to improve liquidity provision, interoperability, and scalability. The new version is expected to reduce gas fees and offer advanced trading tools.

PancakeSwap announces its v4 update to improve liquidity provision, interoperability, and scalability, aiming to resolve AMM shortcomings.

Singapore, Singapore, 18th September 2024, Chainwire

Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB.

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.

Amid the broader volatility, the DeFi tokens are making news with a potential breakout rally ahead. With the Uniswap team under pressure from the CFTC team and the fine of $175,000, PancakeSwap takes an interest in smart money.

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.

Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.

TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.

Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.

This reduced its total supply by 9,171,676 CAKE tokens, equivalent to a staggering $15 million. Token burns like these are a critical part of PancakeSwap's tokenomics, helping to manage the supply of CAKE.

PancakeSwap has seen the price of its native token rise slightly after the multi-chain decentralized exchange announced it had burned more than 9 million of the tokens. The price of PancakeSwap (CAKE) rose by about 2.3% following the announcement.

Synthetix faces fierce competition on the DeFi-oriented layer-2.

Synthetix faces fierce competition on the DeFi-oriented layer 2.

The history of the decentralized exchange PancakeSwap

You may have forgotten about Synthetix, but the market certainly hasn't.

This burn event represents a substantial reduction in the circulating supply of CAKE. It is expected to have a positive impact on the token's value over time by decreasing supply.

It could be followed with deployments on Optimism and Base.

Synthetix founder Kain Warwick donated $86,000 in Illuvium tokens to former CFO SynthaMan after the latter lost his SNX holdings due to liquidation caused by market volatility and high-risk decisions.

On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge.

TL;DR PancakeSwap has launched the beta version of its Quest platform, designed to simplify interaction with quests in the DeFi ecosystem. Quest unifies the management of its campaigns and those of its partners, addressing fragmentation in the DeFi ecosystem.

PancakeSwap announces a major airdrop of 2.4 million ZKsync tokens to reward its community.

PancakeSwap has so far burned more than 78 percent of the total CAKE supply to date, thus significantly increasing the value of the existing coins.

PancakeSwap, a leading decentralized finance (DeFi) network, made a bullish move to boost the project's growth. The platform has confirmed a massive token burn, destroying 8,820,499 CAKE coins (worth about $17 million) to reduce the asset's supply.

PancakeSwap has launched an airdrop campaign that started at 10:30 AM UTC on July 5 and will end at 10:30 AM UTC on August 5.

PancakeSwap announced it will distribute ZK tokens to the community through a reward program. The firm confirmed this in an official blog post.

PancakeSwap's unclaimed ZK tokens will be reallocated to its ecosystem for future development and other community initiatives.