New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps
Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.
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Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.
Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold […]
One CFTC commissioner dissented, calling the action “regulation by enforcement.”
“Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market,” according to K33 Research.
Traders, whales, and ETFs are buying each major dip, but Bitcoin continues to lose momentum, calling the duration of the current bull market into question.
The applications cover ETFs from issuers including Grayscale, iShares, and Fidelity.
Each futures contract is sized at one-50th of one Bitcoin.
Synthetix faces fierce competition on the DeFi-oriented layer-2.
It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.
Onchain derivatives fuel DeFi’s resurgence, with daily volumes reaching $5 billion amid rising competition.
