The native token of derivatives protocol Synthetix, SNX, has posted staggering gains over the past month, rallying by 190% as anticipation builds for its upcoming perpetual decentralized exchange launch on the Ethereum mainnet. SNX is currently trading at $1.98, down 0.9% on the day and up 190.5% over the past 30 days, according to CoinGecko data. Synthetix is slated to launch the first perpetual DEX on the Ethereum mainnet in the fourth quarter of 2025, according to the project's September 22 announceme ...

Photo by BeInCrypto SNX, the native token of the Ethereum-based decentralized perpetual futures protocol Synthetix, has defied today’s broader market downturn to emerge as the top-performing altcoin. Its price has surged by 24% over the past 24 hours amid renewed demand. The surge follows growing anticipation for the launch of Synthetix’s new perpetuals exchange on Ethereum and a trading competition scheduled for October 20. However, on-chain and technical indicators suggest that the momentum may not be s ...

Synthetix recorded strong momentum and inflows over the past day as the broader crypto market recovered from a bloodbath. SNX rallied 93% in the past 24 hours and is trading at a nine-month high of $1.87 at the time of writing. The asset even touched a local high of $1.90 early on Monday, Oct. 13. The native token of the perpetual decentralized exchange experienced a tenfold increase in its daily trading volume, surpassing $600 million with a market capitalization of $640 million. With the recent price ...

Synthetix’s native token SNX jumped more than 120% in the past 24 hours, according to CoinDesk market data, reclaiming levels not seen since before the 2022 market crash and sparking fresh conversation around the return of DeFi’s earliest “dino coins.” A dino coin is a colloquial term for a token or coin that has was issued in a previous market cycle, in this case SNX was issued in 2018, well before rival derivatives-linked tokens like HYPE and ASTER. SNX rose from roughly $1.00 to over $2.20, briefly to ...