Synthetix

<ul><li>Synthetix&#39;s new perpetuals protocol on Base blockchain could be a game-changer for SNX, attracting a broad user base.</li><li>With perpetuals V3, Synthetix aims to bridge the gap between decentralized and centralized crypto trading platforms.</li><li>Launching perpetuals, V3 is expected to boost trading volumes, significantly enhancing Synthetix&#39;s market position.</li></ul>Synthetix, a decentralized cryptocurrency derivatives marketplace, has recently made a significant move by <a href="https://www.businesswire.com/news/home/20240124505362/en/Synthetix-Deploys-First-Major-Perpetuals-Protocol-on-Base-Mainnet-Marking-the-Completion-of-the-Synthetix-V3-Upgrade/?feedref&#61;JjAwJuNHiystnCoBq_hl-W8j9Oi60kFTomUxRDB8jhBsNpnJw7dvSfTyni2BOVIOrCOi9QzgjCezTS3Nw_X6kJUrpSBm-Hav1w-UkdSlG3nDlC87j5HoE75BMeA8LaVacVjEfZIyqgxRRsuxHCTK2w%3D%3D&amp;utm_source&#61;dlvr.it&amp;utm_medium&#61;twitter" rel="noopener noreferrer nofollow">launching</a> its first perpetuals protocol on Coinbase&#39;s Ethereum Layer 2 (L2) solution, the Base blockchain. This development marks a pivotal moment for Synthetix, as it is the inaugural perpetuals protocol on Base and the third iteration (V3) in its series.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/efbc6d3823694f409e4cc059406eb21a.png" />Introducing this protocol on the Base blockchain is poised to open doors for the millions of users on Coinbase, potentially leading to an upsurge in trading volumes for Synthetix perpetuals across the Ethereum ecosystem. This strategic decision could be a critical factor in bolstering the market position of Synthetix, especially considering the robust performance of its predecessor, perpetuals V2. Launched in January 2023, perpetuals V2 has already amassed over $43 billion in trading volume, drawing in tens of thousands of new traders and users.Read full article at <a href="https://cryptotale.org/synthetix-debuts-perpetuals-protocol-on-base-aims-to-revitalize-snx-prices/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Synthetix Debuts Perpetuals Protocol on Base, Aims to Revitalize SNX Prices

CryptoTale

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