[Crypto Report is a subset of the Market Lab Report]
Price = $9.30
Synthetix (SNX) is the leader in decentralized financial platforms that focus on the derivatives space. Derivatives are about $1 Q(uadrillion) in market share. If Synthetix attracts a tiny fraction of a fraction, its valuation which stands at $1.27 B(illion) should easily break $10 B. It's current TVL (total value locked) which continues to grow exponentially is at $1.5 B. It has partnered with top gun DeFi project Ren Protocol and the decentralized trading platform Curve to create an “incentivized pool to provide liquidity for tokenized BTC on Ethereum.”
Crypto Report - Synthetix (SNX)
|Published:||3 Jan 2021 18:05 ET|
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