Synthetix

● Synthetix witnessed a 21% increase in value this September.● On-chain and social metrics show a surge in user engagement.● Network growth rates reveal climbing interest in the Synthetix ecosystem.In a <a href="https://app.santiment.net/charts?settings&#61;%7B%22slug%22%3A%22synthetix-network-token%22%2C%22ticker%22%3A%22SNX%22%2C%22from%22%3A%222023-06-21T09%3A00%3A00.000Z%22%2C%22to%22%3A%222023-09-07T06%3A00%3A00.000Z%22%7D&amp;widgets&#61;%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22active_addresses_24h%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23AC948C%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22social_dominance_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FF5B5B%22%5D%2C%22ws%22%3A%7B%221%22%3A%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D%7D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22network_growth%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23AC948C%22%5D%2C%22ws%22%3A%7B%221%22%3A%7B%22node%22%3A%22area%22%7D%7D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22volume_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23D2D6E7%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22exchange_balance%22%2C%22percent_of_total_supply_on_exchanges%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23AC948C%22%2C%22%23FF5B5B%22%5D%2C%22ws%22%3A%7B%222%22%3A%7B%22node%22%3A%22area%22%7D%7D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22network_profit_loss%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23AC948C%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22age_consumed%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23AC948C%22%5D%7D%2C%7B%22widget%22%3A%22Ch" rel="noopener noreferrer nofollow">remarkable</a> display of resilience, the blockchain-based protocol Synthetix (SNX) has demonstrated robust performance this September, experiencing a 21% rise in its value. Notably, this isn&#39;t merely a statistical uptick; it&#39;s supported by discernable increases in on-chain operations and social interactions within its community.Santiment, a prominent blockchain analytics firm, recently tweeted insights on Synthetix&#39;s (SNX) robust performance:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/15d757e16a6646f08b550d219b816a97.png" />Synthetix is a decentralized finance (DeFi) protocol built on the Ethereum blockchain that allows for the creation of synthetic assets. These synthetic assets are crypto tokens that track and provide the returns of other assets, such as commodities, stocks, or other cryptocurrencies, without requiring one to hold the actual asset.At a time when the crypto markets often experience extreme volatility, a 21% gain in a single month is no small feat. It&#39;s indicative of a cryptocurrency that&#39;s on an upward trajectory, at least in the short term. One of the reasons behind this surge is the engagement of Synthetix’s user addresses. The elevated activity points to an ever-increasing number of traders, investors, and developers opting for this blockchain-based platform, which has significant implications for the asset&#39;s sustainability.Read full article at <a href="https://cryptotale.org/synthetix-gains-momentum-with-21-growth-and-rising-community-engagement/" rel="noopener noreferrer nofollow">CryptoTale .</a>

Synthetix Gains Momentum with 21% Growth and Rising Community Engagement

CryptoTale

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