Synthetix has announced that it will transition its perpetual markets on the Arbitrum network to a close-only mode.

The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase's Base network.

The DeFi protocol also launched an in-house perpetuals trading app.

Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens.

The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.

TL;DR Synthetix acquires TLX as part of its strategy to expand its product offerings and strengthen its DeFi ecosystem. Leveraged products in development: the protocol plans to relaunch TLX on the Base network after auditing and optimizing its infrastructure.

Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The post Synthetix Acquires TLX in Token-for-Token Deal appeared first on Cryptonews.

Synthetix said it plans to re-launch all TLX products on Base network after adding parameter improvements.

Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.

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As the Decentralized Physical Infrastructure Network (DePIN) sector gains traction, November 2024 presents an opportunity for investors to capitalize on emerging altcoins in this space. These altcoins have been disrupting the crypto market by merging blockchain technology with real-world applications.

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.

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 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.

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.

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

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.

Tokens that power Decentralized Physical Infrastructure Networks (DePIN) are gaining traction, making them assets that investors should watch closely.

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

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

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

Grayscale, the world's largest crypto asset manager, now operates at least 17 single-asset crypto investment products.

Grayscale also launched funds for protocols Bittensor and Sui in August.

The company launched similar single-asset trusts for TAO and SUI and a fund that invests in a basket of decentralized artificial intelligence-focused tokens over the past month.

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.

Investor shifts from Grayscale to new Ethereum ETFs highlight market volatility and the competitive landscape in crypto investment products. The post US Ethereum spot ETFs off to rough start: $1.5B left Grayscale fund, BlackRock led first-week inflows appeared first on Crypto Briefing.

The Securities and Exchange Commission has given the green light for spot Ethereum ETFs, which will start trading on Tuesday.

The planned fee for Grayscale Investments' spot ether ETF was initially on the higher end when compared to competitors.

Grayscale Investments has announced the launch of a new and innovative fund dedicated to decentralized AI.

Crypto asset manager Grayscale Investments has unveiled its latest offering, the Grayscale Decentralized AI Fund.

Grayscale Investments has launched a new Decentralized AI Fund for accredited investors, offering exposure to blockchain-based AI protocols

In a move aimed at capitalizing on the growing potential of decentralized artificial intelligence (AI), Bitcoin ETF issuer and crypto asset manager Grayscale has officially launched its new Decentralized AI Fund, which aims to provide investors exposure to protocols within the AI sector of the crypto ecosystem.

Grayscale Investments has launched the Grayscale Decentralized AI Fund LLC, targeting top altcoins within the decentralized AI sector.

It's the first of its kind to provide investors with a link to decentralized AI protocols. Five artificial intelligence-based coins make up the backbone of this fund.

Grayscale Investments has launched a new Decentralized AI Fund for artificial intelligence crypto protocols.

Grayscale Investments is making headlines with their new offering, the Grayscale Decentralized AI Fund. Before diving into the details, excited investors should note that this new fund is only for accredited investors. This fund promises exposure to the growing sector of decentralized artificial intelligence (AI) protocols.

Grayscale Decentralized AI Fund offers early investment in blockchain-based AI protocols, while simultaneously addressing deep fakes, misinformation, and bot authentication challenges.