Synthetix’s SNX increased from around 1.00 USD to over 2.20 USD, with 758 million USD traded. Traders highlight the renewed focus on Synthetix’s perpetual DEX launch, reigniting interest in its historical status as a ‘dino coin.’
The approach of the trading competition on October 20 could lead to a capital rotation, positioning Synthetix to spearhead the perpetual DEX battle, especially as it looks to expand liquidity options through multi-chain integration.
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