Synthetix racks up over $1M in daily fees as SNX token value surges 100%
Given the investors’ willingness to hold tokens instead of synths, the protocol racked up over $1.02 million in trading fees.
According to data from CryptoFees.info, Synthetix is currently the 3rd DeFi project in terms of trading fees, trailing only Uniswap and Ethereum. The trading volume of SNX has also grown significantly in recent days, which is about 100 million USD/day.