2025-4-10 10:56 |
Synthetix stablecoin sUSD has fallen 6% in the last day to trade at $0.8597, continuing the recent decline below its $1 peg. At the same time, 24-hour trading volume has jumped nearly 487% to over $2.1 million, as per CoinGecko… origin »
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Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading. Its synthetic stablecoin asset, sUSD tracked the value of the USD Dollar and has also been experThe post Synthetix's sUSD listed on Binance's Innovation Zone appeared first on AMBCrypto.
2020-12-4 18:30 | |
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The SNX crypto price went vertical today, Oct. 13, reaching its highest point since December. Synthetix (SNX) rose to a high of $2.57, up 370% from its lowest point this year. This surge happened as daily volume spiked 2,035% to…
SNX price looks set for a deeper correction as technicals remain bearish for the asset, while its algorithmic stablecoin sUSD fails to maintain its peg to the U. S. dollar. According to data from crypto.
Synthetix contributors have released a proposal to acquire options protocol Derive through a token swap deal involving 29. 3 million SNX with a lock-up and vesting period, valued at approximately $27 million.
Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X, the pool will reward participants…
Synthetix’s algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko’s price data, sUSD has dropped to $0. 7924 as of Apr.
A new report from on-chain analytics firm Parsec argues that the recent depegging of Synthetix’s stablecoin sUSD is not the result of bad debt or protocol failure—but a direct consequence of governance upgrade SIP-420. The stablecoin, which is designed to…