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HomeFinanceSynthetix (SNX) Buying and selling Quantity Surpasses GMX, However Is the DEX...

Synthetix (SNX) Buying and selling Quantity Surpasses GMX, However Is the DEX Token Rally Sustainable?

By Forex Crypto Zone

25 May 2023

Synthetix’s weekly buying and selling volumes topped $1 billion, overtaking decentralized derivatives trade GMX to turn out to be the second most lively platform.

Buying and selling quantity information from Token Terminal reveals Synthetix greater than doubled GMX’s trades within the seven-day interval starting Might 17, because of Optimism (OP) token incentives for perpetual swap merchants .

The 7-day buying and selling quantity on decentralized derivatives exchanges. Supply: Token Terminal

Charges earned by Synthetix Protocol. Supply: DéfiLlama

value desk. Supply: Buying and selling View

GMX open curiosity and buying and selling volumes since April. Supply: CoinGecko

value desk. Supply: Buying and selling View

Proceed studying on Coin Telegraph

See also Crypto Dealer Warns BTC Worth Could Drop To $24,000

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