2023-07-17
Synthetix is a DeFi protocol that lets you trade synthetic stocks. Users can trade crypto, forex, and commodities with
leverage. SNX tokens can be used as collaterals.
Kain
Warwick the founder of Synthetix launched Infinex to compete with
centralized exchanges. Infinex will operate similar to centralized exchange,
there will be no requirement to pay fees on smart contract swapping.
Synthetix currently has $497 million TVL.
Synthetix ranks 59th largest crypto by market cap. It has fully diluted market
cap of $840 million.
SNX 7 days price goes up 34% in
response to the news.
