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Perpetual contracts (Perps) trading platform Synthetix has announced its plans to launch "Infinex" to resolve the issues associated with trading Perps on centralized exchanges.

The upcoming exchange, Infinex, will cater to both novice and experienced traders by offering features similar to centralized exchanges (CEX).

Will SNX price break through and embark on a meteoric rise, or will it face resistance? Let's delve into the details

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.

Synthetix, one of crypto's DeFi originals, is poised to add to its affiliated product suite.

Infinex will enable trades on the Ethereum Layer 2 network Optimism, and it will operate in tandem with Synthetix.

BeInCrypto looks at the five biggest crypto losers in the entire crypto market this week, specifically from June 30 to July 7.

As the largest part of the cryptocurrency market continues to switch between the red and green waves, taking the cue from the flagship decentralized finance (DeFi) asset that has recently crossed the crucial $30,000 threshold, some altcoins have stood out with their daily gains.

FTX, the notorious bankrupt crypto exchange, had some good things going for it.

For Synthetix price, the consolidation period was marked by a strong accumulation of buying power at support prices.

Synthetix is pleased to announce the addition of Lido Finances' stETH as the latest asset for leverage trading on Synthetix Perps. This new perpetual futures market “has been approved by SIP 2021 and had parameters set in SCCP 2015.

The emergence of Decentralised Autonomous Organisations (DAOs) on the blockchain has been a game-changer, ushering in a new era of decentralized community administration.

The market, which was replaced by a new version, has been in close-only mode for months, but about $150,000 remains on the original platform.

Bridging platform Multichain suffers downtime as TradFi rates arrive on Avalanche — find out about these and more in our weekly DeFi roundup.

Volumes at Synthetix surpassed it's nearest DEX competitor, but contracting user activity across decentralized exchanges could be a red flag.

Synthetix made an important announcement about extending its perps support for seven cryptocurrencies. However, SNX was the victim of some selling pressure in the last 24 hours.

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.

Kane Warwick, the founder of Synthetix, has announced twelve proposals to incentivize the next phase of the project.

The market today sees Conflux (CFX), Kava (KAVA), Render Token (RNDR), NEO, Immutable X (IMX), and Synthetix (SNX) steering through the tumultuous tides as the top gainers, while Leo Token (LEO), Injective Protocol (INJ), Rocket Pool (RPL), Pax Gold (PAXG), USD Digital (USDD), and Frax Share (FXS) are charting through choppy waters as they face market declines.

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.

PEPE coin mania is fueling intense rallies across the altcoin landscape in May. SNX is soaring Thursday after a proposal to add support for PEPE to the Synthetix blockchain.

SNX surged overnight as the Synthetix community weighs integrating the popular meme cryptocurrency PEPE into its DeFi offering.

Today's cryptocurrency market features Render Token (RNDR), Synthetix (SNX), Mask Network (MASK), Axie Infinity (AXS), Optimism (OP), and Lido DAO Token (LDO) as the top gainers. On the contrary, Pepecoin (PEPE), Conflux (CFX), Casper (CSPR), Ripple (XRP), Decentraland (MANA), and Toncoin (TON) are on the losing end.