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DeFi Player Synthetix [SNX] Announces Transition to “Optimistic Ethereum”

DeFi platform Synthetix [SNX] announced the first phase of its transition to the second layer scalability solution of Ethereum called Optimistic Ethereum. The official release defines Optimistic Ethereum as only a “generalized” layer two solutions for Ethereum since it doesn’t require any specific functionality to be built to support existing protocols of layer one. Synthetix First Phase

DeFi platform Synthetix [SNX] announced the first phase of its transition to the second layer scalability solution of Ethereum called Optimistic Ethereum. The official release defines Optimistic Ethereum as only a “generalized” layer two solutions for Ethereum since it doesn’t require any specific functionality to be built to support existing protocols of layer one. Synthetix First Phase

Altcoin News
Altcoin News

Synthetix Technical Analysis: SNX Flips Resistance Into Support, aiming for $5

Synthetix price bounces off support at $3.40 in readiness for a breakout to $5.00. SNX/USD is drawing closer to the resistance at the 50EMA, likely to delay the bullish scenario. Synthetix Network Token price fell in tandem with other decentralized finance (DeFi) tokens. The lending, borrowing, and liquidity ecosystem has been dealt a heavy blow

Synthetix price bounces off support at $3.40 in readiness for a breakout to $5.00. SNX/USD is drawing closer to the resistance at the 50EMA, likely to delay the bullish scenario. Synthetix Network Token price fell in tandem with other decentralized finance (DeFi) tokens. The lending, borrowing, and liquidity ecosystem has been dealt a heavy blow

Defi
Altcoin News
Defi
Altcoin News

DeFi Update: DeFi Soars to New Heights As the Rest of the Crypto Market Bleeds

The crypto market is going through a turbulent time. Bitcoin has lost nearly 30% of its value from the beginning of this month. It is now trading well below $7,000. Ethereum is not doing very well either – ETH price has fallen nearly 11% in 24-hours and is trading at $135. XRP has plunged nearly

The crypto market is going through a turbulent time. Bitcoin has lost nearly 30% of its value from the beginning of this month. It is now trading well below $7,000. Ethereum is not doing very well either – ETH price has fallen nearly 11% in 24-hours and is trading at $135. XRP has plunged nearly

Altcoin News
Altcoin News

DeFi Update: Synthetix Project Raises $3.8 Million in Funding Round

In a recent update, Synthetix, a decentralized finance (DeFi) project has successfully raised  $3.8 million in a new funding round.  Framework Ventures To Keep SNX Tokens in Escrow Per the announcement, Framework Ventures has purchased a total of 5 million Synth (SNX) tokens from the Synthetix Foundation’s treasury. The price of one SNX token is

In a recent update, Synthetix, a decentralized finance (DeFi) project has successfully raised  $3.8 million in a new funding round.  Framework Ventures To Keep SNX Tokens in Escrow Per the announcement, Framework Ventures has purchased a total of 5 million Synth (SNX) tokens from the Synthetix Foundation’s treasury. The price of one SNX token is