While the Value Locked in Defi Soars, Dozens of Dapps Leverage Cross-Chain Support

Decentralized finance (defi) protocols continue to shine as the total value locked in defi is over $260 billion.

Crypto founders top young Australian rich list

Seven of Australia's 87 richest entrepreneurs aged 40 and under are crypto founders, according to the Australian Financial Review.

Major DeFi founders back play-to-earn game that hopes to be next Flappy Bird

A new blockchain based play to earn game called Fancy Birds hopes to emulate the success of the addictive mobile phenomenon Flappy Bird.

Synthetix Founder: DeFi Governance 'Pretty Terrible'

The derivatives liquidity protocol is working on a next-gen governance module that will be released as an open-source tool.

XRP, Synthetix, DASH Price Analysis: 24 September

As Bitcoin and Ethereum started to depreciate again on their charts, some altcoins were quick to reflect the price weakness.

Solana, Synthetix, VeChain Price Analysis: 16 September

The crypto-market today observed mixed trading signals, with some coins dipping on their charts while others either consolidated or rallied.

Cardano, Synthetix, VeChain Price Analysis: 07 September

Quite a few altcoins in the market experienced bearish momentum.

Beleaguered DeFi project xToken suffers second major exploit since May

xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts. The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product.On Aug.

Kraken Supports Ethereum 2.0 Clients Team Alongside Five DeFi Projects With A $250K Donation Each

Kraken and five other DeFi projects contribute $250,000 each to support the teams that work on the Ethereum upgrade.

Kraken, Synthetix etc. donate $1.5M to fund Ethereum 2.0

Ethereum and its ecosystem have been seeing groundbreaking developments and innovations of late.

Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams

The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind.

Yield farming: Is it worth taking a chance on SUSHI, ALGO, SNX, CAKE now

34.5%, 33.2.6%, 20.79%, 20.3%: This is explicitly how the weekly returns of Synthetix, SuhshiSwap, Algorand and PancakeSwap looked like at press time.

Binance Coin, Synthetix, Enjin Price Analysis: 02 August

The crypto-sector's market capitalization fell by 2% over the last 24 hours as major cryptocurrencies were trading in the red, at press time.

Synthetix turns on layer-two alpha, launches Olympics betting on options platform

Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events.

Users Criticize Uniswap’s Decision to Remove Over 100 Tokens From Main Interface

The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface.

Polkadot, BAT, Synthetix Price Analysis: 17 July

As the broader crypto-market lacked bullish sentiments, the altcoins mostly followed the same path into price reductions and strong sell signals.

NFT game creator flips Axie Infinity virtual land for 9,200% gain in one year

Illuvium co-founder Kieran Warwick has sold a virtual land plot in Axie Infinity for $28,000 after purchasing it last year for $300. Kieran Warwick, the co-founder of forthcoming NFT-powered gaming metaverse Illuvium, has revealed he made a gain of more than 9,000% from flipping a virtual plot of land purchased from the Axie Infinity metaverse.Warwick, the brother of Synthetix founder Kain, recounts purchasing the plots during mid-2020, noting there “weren’t too many use cases” for digital land at the time, with in-metaverse advertising and  mining having yet to become common as utilities for virtual property.He purchased the plot for $300, and announced the sale a year later for $28,000 on July 13.I just sold a plot of land for 28K that I bought for $300.

Thales raises $2.5M for binary options platform in Synthetix ecosystem

Binary options and sports betting will soon be launched on the Synthetix-based Thales platform. A decentralized finance project providing binary options style trading has just completed a $2.5 million seed round.Binary options are financial instruments that allow traders to speculate on the price movement of the underlying market or cryptocurrency.

Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch

The SNX/USD exchange reached $13.76 on Monday for the first time since June 3.

DeFi Tokens Aave, Synthetix, THORChain Mount Bullish Rally

Several tokens from the decentralized finance ecosystem continued their price rally from last week.

Ethereum, MATIC, Synthetix Price Analysis: 10 July

Bitcoin’s hike of 2.8% pushed the crypto to trade at $33,780, at press time.

Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS

Data from Cointelegraph Markets Pro shows SNX, AXS and EOS as the strongest 24-hour gainers as the bullish momentum in DeFi and NFT tokens continues to build.

Top Trader Flips Bullish on Two Altcoins, Says One Crypto Sector Is Showing Strength

Popular crypto trader and analyst Cantering Clark believes two altcoins may be ready to take off while one sector of the markets shows signs of strength.  While Bitcoin moves mostly sideways, the pseudonymous trader tells his 60,200 followers that he closed a short position on Synthetix (SNX) as the decentralized finance (DeFi) sector is starting […] The post Top Trader Flips Bullish on Two Altcoins, Says One Crypto Sector Is Showing Strength appeared first on The Daily Hodl.

Stellar Lumens, Synthetix, UNI Price Analysis: 07 July

It has been quite a mixed time for the crypto-market.

Synthetix Up 26%, Leading Double-Digit Gains for DeFi Tokens

Decentralized finance (DeFi) tokens are seeing significant gains compared to the rest of the cryptocurrency market, led by Synthetix (SNX).

SNX hits multi-week highs as total value locked on Synthetix approaches $1 billion

However, SNX withdrawals from Synthetix pools picked up momentum during the price boom. SNX spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets.The Synthetix project's native token reached $9.59 after rising four days in a row by up to 50%.

Here's what you're missing out on with Algorand, CRV, Synthetix and Sushiswap?

In a bear market, as Bitcoin shorts are lining up, traders turn to other options like Yield Farming for earning a steady income from cryptocurrency.

Ethereum, Tezos, Synthetix Price Analysis: 25 June

On 25 June, market bears resumed their attack on the recovering cryptocurrency market.

EOS, Synthetix, Compound Price Analysis: 12 June

Bitcoin was at the front and center of yet another correction in the altcoin market after the market leader declined towards $35,000.

Cardano, Synthetix, Zcash Price Analysis: 11 June

While a move above Cardano's ascending triangle could see the price head back towards $2, its technicals suggested a break in the opposite direction.

Polkadot, EOS, Synthetix Price Analysis: 04 June

With Bitcoin clawing back towards the $37,000-mark, the global cryptocurrency market trimmed some of its losses over the last 24 hours.

New Crypto Projects Are Genuine Threat to Ethereum, Says Synthetix Founder Kain Warwick

The founder of derivatives liquidity protocol Synthetix, Kain Warwick, believes a number of new smart contract blockchains are now legitimate rivals to Ethereum.

Chainlink, Synthetix, Uniswap Price Analysis: 29 May

With Bitcoin struggling to reclaim $38,000 at the time of writing, the global cryptocurrency market was left in a precarious position.

Much DAO: Open DeFi unveils DAO to support the entire ecosystem

Open DeFi’s new DAO will be community governed through a governance token. Decentralized finance alliance, Open DeFi, has announced it will create a decentralized autonomous organization, or DAO, to support its vision for an open and global cross-chain DeFi ecosystem. The alliance launched in late 2020 with the goal of bringing together Western and Eastern DeFi projects and has since seen some of the sector’s top projects join its ranks including as Aave, Synthetix and Balancer. The responsibilities of the Open DeFi DAO, or OD DAO, will include launching DeFi products across multiple layer-one networks, and exploring multi-chain applications for emerging decentralized assets, including data tokens and nonfungible tokens. The DAO will also incubate early-stage protocols and infrastructure, and seek to “generate long-term value through community-based strategies.” Open DeFi’s Marek Laskowski stated: “The goal of Open DAO is to develop a truly integrated multi-chain DeFi ecosystem that will open up liquid markets and establish a new operating system for finance.

Tokemak raises $4M from Framework and DeFi investors to build a ‘liquidity reactor’

Tokemak plans to become the director for decentralized exchange liquidity. Fractal, an established trading firm, is pushing to expand into the world of decentralized finance with Tokemak, a project the team refers to as a “decentralized liquidity reactor” for DeFi. The company announced on Tuesday a $4 million investment round led by Framework Ventures, a well-known DeFi investment fund known for its bets on Synthetix and Chainlink.

Bitcoin Cash, Ethereum Classic, Synthetix Price Analysis: 18 April

The bearish pressure across the market had not yet relinquished its grip.

Litecoin, Ethereum Classic, Synthetix Price Analysis: 17 April

Litecoin and Synthetix traded between individual ascending channels, but a bullish broader market could delay the breakdowns over the coming sessions.

EOS, Synthetix, Maker Price Analysis: 16 April

EOS can be expected to find strong support around the $6.8-zone.

Monero, Synthetix, Maker Price Analysis: 14 April

Monero formed yet another symmetrical triangle and a breakout could go as high as $370.

Tron, Tezos, Synthetix Price Analysis: 12 April

Tron was expected to move lower from its ascending channel but only after the price touched $0.139.

Ethereum, VeChain, Synthetix Price Analysis: 11 April

Ethereum showed a bearish divergence and dropped below $2100 but found good demand.

Polkadot, CRO, Synthetix Price Analysis: 09 April

Historically, the altcoin market has shared a strong correlation with the price performances of Bitcoin.

Polkadot, Synthetix, DigiByte Price Analysis: 07 April

For much of April, the leading narrative has been one set by the market's altcoins, with quite a few of the industry's cryptos surging up the charts despite Bitcoin resorting to trading within a tight The post Polkadot, Synthetix, DigiByte Price Analysis: 07 April appeared first on AMBCrypto.

Binance Coin, Synthetix, Crypto.com Coin, Stacks Price Analysis: 06 April

Binance Coin noted bullish price behavior as it approached the $400-mark.

XRP, EOS, Synthetix Price Anaylsis: 04 April

XRP cushioned losses at $0.57-support after getting rejected at the upper ceiling of $0.63.

Ethereum, Dogecoin, Synthetix Price Analysis: 03 April

Ethereum broke past its previous ATH and the rising ETH/BTC saw altcoins do well over the past couple of days as well.

Tron, Synthetix, Compound Price Analysis: 01 April

Tron and Compound reported strong gains made in recent days, with TRON gaining by nearly 40% in the span of 48 hours.

Cosmos, Bitcoin SV, Synthetix Price Analysis: 29 March

Cosmos transitioned away from a descending channel and tested $19.9-resistance at the time of writing.

Tron, Synthetix, STEEM, FTX Token Price Analysis: 23 March

As market leaders Bitcoin and Ethereum moved deeper into the bearish zone, other altcoins registered losses and scrambled to find support at various levels.

Chainlink, Aave, Synthetix Price Analysis: 22 March

Chainlink witnessed a bearish divergence between price and momentum and was forced to pull back to $29, and could go further south.

Tron, Monero, Tezos, Synthetix Price Analysis: 20 March

Gains over the past 24 hours saw Tron rise to a multi-year high above $0.066.

Ethereum, Synthetix, Compound Price Analysis: 18 March

Ethereum successfully defended a level of support, but it still faced resistance from $1,880 and demand from buyers was not yet strong enough to propel the price past the same.

EOS, Synthetix, SUSHI Price Analysis: 16 March

EOS attempted to regain the 38.2% Fibonacci level, but might need to negotiate some selling pressure to maintain the aforementioned level.

Cardano, Synthetix, Ontology Price Analysis: 13 March

Bitcoin reached an ATH of $59,900 at the time of writing and was receding back toward $59,000.

Bitcoin SV, Synthetix, Nano Price Analysis: 10 March

Bitcoin SV lacked the volatility to break above its press time resistance level, with the crypto projected to move within its press time channel.

Uniswap, IOTA, Synthetix Price Analysis: 08 March

Uniswap cooled off from record levels and tested the newly turned $32 support line at the time of writing.

Cardano, EOS, Synthetix Price Analysis: 07 March

Cardano moved deeper into the red zone but the bulls held on to the crucial 61.8% Fibonacci retracement level.

Chainlink, Synthetix, Verge Price Analysis: 05 March

The altcoin market showed that market bears were in the ascendancy over the past week, with the same likely to continue over the next few days.

Tezos, Synthetix, Dogecoin, DigiByte Price Analysis: 03 March

Tezos registered a breakout above its horizontal channel as trading volumes surged over the last 24 hours.

Chainlink, FTX Token, Synthetix Price Analysis: 01 March

Chainlink was trading within a region of supply as bulls sought to flip it into an area of demand.

XRP, Tron, Synthetix Price Analysis: 28 February

After Bitcoin lost out on the $45,000 mark, the broader market witnessed another sell-off and most altcoins registered losses in the last 24 hours.  Such was the case with XRP, Tron, and Synthetix, w The post XRP, Tron, Synthetix Price Analysis: 28 February appeared first on AMBCrypto.

6 Questions for Kain Warwick of Synthetix

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Kain Warwick, the founder of Synthetix. Kain Warwick is the founder of Synthetix, a derivatives liquidity protocol on Ethereum.

Monero, Ontology, Synthetix Price Analysis: 26 February

Monero was treading water around the $200-level, with the crypto likely to give way to a wave of selling pressure.

Tron, Synthetix, Crypto.com Coin Price Analysis: 25 February

While Bitcoin, the world's largest cryptocurrency, does have an overwhelming influence on the performance of the market's alts, the said influence isn't uniform or consistent in any way.

Tezos, Synthetix, Verge Price Analysis: 24 February

Tezos broke above the 0.5 Fibonacci level and targeted the 0.618 and 1-levels on the back of its bullish on-chain metrics.

Stellar Lumens, Synthetix, Decred Price Analysis: 22 February

Stellar Lumens showed a lack of momentum as it slowly slid beneath the $0.5 level and retested it as resistance.

Cardano, Crypto.com Coin, Synthetix Price Analysis: 21 February

Cardano broke out past the $1 level and retested it as support, and eyed $1.34 as a target.

Exchange tokens benefit as centralized exchanges battle with DeFi platforms

Exchange tokens catch a boost as governance and high yields attract fresh inflows and CeFi begins to merge with DeFi. Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another easily overlooked sub-sector of the market but they have been performing exceptionally well in 2021 as increases in trading volumes results in a larger pool of fees to collect when the exchange’s native token is used for settlement.

Bitcoin Cash, Synthetix, Dogecoin Price Analysis: 17 February

Bitcoin Cash was trading just above its 20-SMA, with its market resting with the buyers.

Synthetix might re-enable sKRW Synths on Curve to arbitrage Kimchi premium

Popular DeFi protocol Synthetix might soon re-enable its sKRW Synth that tracks the price of the Korean Won. According to a new proposal called SIP-113, Synthetix will reintroduce the previously de The post Synthetix might re-enable sKRW Synths on Curve to arbitrage Kimchi premium appeared first on AMBCrypto.

Binance Coin, Cosmos, Synthetix Price Analysis: 15 February

A medium-term correction for Bitcoin could spell further losses for altcoins across the board, but the $46,000 mark and the $44,400 mark will likely see buyers step in.

Coinbase Ventures, Paradigm Invest $12M in Synthetix DeFi Platform

Three prominent venture capitalist firms bought tokens directly from the DAO's treasury.

Ethereum, EOS, Synthetix Price Analysis: 14 February

Ethereum cushioned its losses a $1,772 support and was projected to snap a newer record high in the coming sessions on the back of bullish indicators.

Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG

As the community debates VCs participating in DAOs, Synthetix welcomes three new community members The Synthetix DAO has added some new, perhaps surprising voices to its governance.  Today the synthetic asset protocol announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG.

Synthetix votes to introduce asset providing on-chain exposure to Tesla Shares

Synthetix’s latest governance proposal has passed successfully, with the same approving the creation of sTSLA – a synthetic asset that will provide on-chain exposure to Tesla’s shares.

Litecoin, Synthetix, VeChain Price Analysis: 10 February

Litecoin was not too far away from the $200-level, with LTC projected to surge above that mark over the next few trading sessions.

Ethereum, Synthetix, Compound Price Analysis: 08 February

Ethereum cushioned its losses at the $1,536 support as the bulls targeted a rise above the 20-SMA.

XRP, Synthetix, SushiSwap Price Analysis: 07 December

XRP was in a phase of consolidation in the vicinity of $0.43.

Major correction for DeFi as Bitcoin rejected again above $40K: What’s next?

The DeFi market has corrected hard as Bitcoin dropped below $40,000, but analysts say a recovery is likely. The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s recovery over the past week. 1-hour candle DeFi index (Binance).

Polkadot, Synthetix, Uniswap Price Analysis: 04 February

Polkadot broke out past a range it was trading in over the past few weeks and targeted the $23.6 mark.

Ethereum posts new highs as DeFi gas fees top $1,000 on complex protocols

With Ethereum’s fees rocketing to new highs amid Ether’s rally into new price highs, the fees associated with using some complex DeFi protocols has increased above $1,000.

Polkadot, Synthetix, VeChain Price Analysis: 01 February

Polkadot traded within a range and showed short-term bearish pressure while Synthetix closed beneath a bearish reversal pattern.

Chainlink, Synthetix, Decred Price Analysis: 31 January

Chainlink traded at the mid-point of its immediate resistance and support but flashed bearish signals at press time.

XRP, Synthetix, Decred Price Analysis: 30 January

At the time of writing, Bitcoin was back at square one trading within the $32,000-$34,000 range, after the Elon Musk-inspired hike exhausted itself.

Monero, Synthetix, DigiByte Price Analysis: 29 January

With Bitcoin continuing to consolidate between the $33,000 and $35,000 price levels at press time, there was a slight lack of bullish momentum in the crypto-market, when compared to previous weeks.

Binance Coin, Synthetix, Zcash Price Analysis: 27 January

Binance Coin was trading within a restricted channel and it awaited further direction from the broader market for a breakout.

XRP, Tron, Synthetix Price Analysis: 25 January

XRP formed a bullish reversal pattern and was set to test the $0.3 level of resistance over the next few days.

Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC's correction is over.

DeFi Coins Boom as Crypto Market Recovers

The crypto market appears to be recovering, with strongest gains made by coins powering DeFi protocols.

Bitcoin Cash, Synthetix, Dash Price Analysis: 23 January

Bitcoin Cash traded close to the $426.4-support level and awaited cues from Bitcoin for a definitive move forward.

Bitcoin Cash, Synthetix, Algorand Price Analysis: 21 January

Bitcoin Cash, Synthetix, and Algorand posted losses over the past few hours as Bitcoin saw a wave of selling pressure.

Bitcoin Cash, Synthetix, Ontology Price Analysis: 20 January

Bitcoin Cash eyed a move towards the $469.4-support level as the price moved south from its 20-SMA and 50-SMA.

Perpetual Protocol emerges as sixth-largest DEX after just one month

Despite executing 179,000 transactions during its first month of operation, the xDai-powered Perpetual Protocol spent just $183 on gas fees. Perpetual Protocol, a DeFi project offering decentralized perpetual contracts using the layer-two Ethereum scaling solution xDai, has emerged as the sixth-largest DEX by weekly trade volume after operating for only one month. Based on data from Dune Analytics shared by Perpetual Protocol, the DEX’s weekly trade volume of more than $299 million would rank the project above the likes of Synthetix, dYdX, and Kyber, and below Balancer. The milestone was shared in a blog post celebrating the project’s first month of operation — a period in which the DEX drove more than $500 million in total volume and generated more than $500,000 in trading fees.

Cardano, Synthetix, Dogecoin Price Analysis: 18 January

Cardano could lose the $0.36 support and head towards the next barrier if sellers take control.

Binance Coin, Dash, Synthetix Price Analysis: 17 January

Binance Coin looked to revisit $38.72 as the price failed to hold up above its present resistance.

Cardano, Ontology, Synthetix Price Analysis: 16 January

Cardano bounced back from the $0.29-support level and targeted a break above its press time resistance, while the indicators confirmed the possibility of a bullish outcome.

Multiple DeFi mainstays crack top 20 in long-awaited ‘Great Repricing’

For DeFi believers, vindication has been every bit as profitable as it’s been sweet Hardcore decentralized finance (DeFi) adherents woke up today to a long-awaited sight on Coingecko’s top 100 rankings by marketcap: native tokens for popular DeFi platforms Synthetix and Aave have cracked into the top 20, an event DeFi observers have heralded as “The Great Repricing.” DeFi investors, users, and builders have long argued that the sector writ large is wildly undervalued relative to other cryptocurrency projects given DeFi projects’ growing userbases, cash flows from protocol fees, and high levels of activity compared to “zombie chain” layer-1 networks scattered throughout the top of the marketcap rankings.

Optimism ‘Soft Launches’ Ethereum Throughput Solution With DeFi’s Synthetix

A potential fix for Ethereum's costly congestion problems.

Someone Moved $1 Billion on Ethereum for Just $7

Over $1 billion worth of Synthetix Network Tokens was moved today for a transaction fee of just $7.54.

The Ethereum network is being turbocharged by layer-two solutions

With Ethereum transaction fees still high, more layer-two powered platforms are emerging. The number of decentralized exchanges running layer-two solutions is growing as the Ethereum network struggles to keep up with its own popularity. As excessive Ethereum gas prices continue to hamper smaller transactions and operations on the network, the number of faster and cheaper options continues to expand as layer-two adoption increases.