Synthetix Perps Data Report: $1.21 Billion in 7-Day Total Volume
Synthetix Perps Data Report: $1.21 Billion in 7-Day Total Volume
馃敟 Perps on Fire
Synthetix, a decentralized finance protocol, has released its latest Perpetual Futures (Perps) data report. The report covers the period from March 11th to March 18th and highlights the following key metrics: 7-Day Total Volume of $1.21 billion, Average Daily Volume of $173 million, Lifetime Perps Volume of $51.14 billion, and Lifetime Fees of $39.12 million. These figures demonstrate the continued growth and adoption of Synthetix's Perpetual Futures platform.
$300k revenue for $SNX stakers this week 馃敟 #NoIncentives
Synthetix Perps traded $374 million so far today, with $200,000 in fees collected. Even under a heavy load, trading remained seamless. Total weekly fees amount to $584,000. Looking forward to the fee burn!
馃搳 Synthetix Perps Data Report: - 7-Day Total Volume: $1.929 billion - Average Daily Volume: $275.6 million - Lifetime Perps Volume: $49.9 billion - Lifetime Fees: $38.2 million Data from March 4th to March 11th
馃搳 Synthetix Perps Data Report: - 7-Day Total Volume: $1.21 billion - Average Daily Volume: $173 million - Lifetime Perps Volume: $51.14 billion - Lifetime Fees: $39.12 million Data from March 11th to March 18th
馃搳 Synthetix Perps Data Report: - 7-Day Total Volume: $678 million - Average Daily Volume: $96.8 million - Lifetime Perps Volume: $46.24 billion - Lifetime Fees: $35.84 million Data from February 19th to February 26th
馃搳 Synthetix Perps Data Report: - 7-Day Total Volume: $1.767 billion - Average Daily Volume: $252.4 million - Lifetime Perps Volume: $48 billion - Lifetime Fees: $36.70 million Data from February 26th to March 4th
Yet another week, yet another weekly fee burn. This week saw approximately $1.65 million in sUSD distributed to $SNX stakers and utilized to reduce debt. Once more, Synthetix Perps takes the cake, accounting for 93% of weekly fees.
Stake $SNX on Optimism or Ethereum and receive weekly fee distribution when fees are burned to reduce staker debt. This week's total: around $301k sUSD, mainly from Synthetix Perps trading fees on Optimism.
Stake $SNX on Optimism or Ethereum to receive weekly fees from burned perps & synth trading fees, reducing staker debt. This week's total: ~$344k sUSD, mostly from Synthetix Perps trading fees on Optimism.
Stake $SNX on Optimism or Ethereum to receive weekly fees from: - Synthetix Perps on Optimism - Spot Synths on Mainnet This week's total: ~$617k sUSD, mostly from Synthetix Perps trading fees on Optimism.
Parifi Launches on Synthetix V3 with Cross-Chain Trading Features
Parifi, a new DeFi protocol built on Synthetix V3, has launched with features rivaling centralized exchanges. The platform offers: - Unlimited isolated positions - Cross-margin trading capabilities - Native USD/EUR on/off-ramping - Chain abstraction for cross-blockchain asset unification - Low latency trading experience Mobile apps for iOS and Android are in development. The platform aims to reduce friction in DeFi trading through account, chain, and gas abstraction features. Trading is now live at [app.parifi.org](http://app.parifi.org). Trading incentives will be announced soon.
Parifi Launches on Synthetix V3 with CEX-Like DeFi Trading Experience
Parifi has launched on Synthetix V3, introducing a CEX-like DeFi derivatives trading platform with significant user experience improvements: - Account abstraction removes wallet requirements - Cross-chain functionality unifies assets with minimal latency - Supports unlimited isolated positions and cross-margin trading - Native USD/EUR on/off-ramping - Powered by Pyth price feeds for accurate asset pricing - Features auto-compounding vaults and dynamic fee adjustment The platform aims to simplify perpetuals trading while maintaining decentralization. Trading incentives are expected to launch soon. Visit [app.parifi.org](http://app.parifi.org) to start trading.
Increased Incentives for sUSD/sUSDe Curve Pool
The sUSD/sUSDe Curve pool has increased its incentives, now offering a vAPR of 39.71% with a 2.19x boost through Convex Finance - no veCRV required. Key steps to participate: - Acquire sUSD or sUSDe on Ethereum L1 - Deposit into Curve pool to receive LP tokens - Stake LP tokens on Convex for boosted rewards **Current Benefits:** - Earn CRV + CVX rewards - 2.19x boost - No veCRV requirement *Note: Always research DeFi risks before providing liquidity.* [Full LP Guide](https://blog.synthetix.io/how-to-lp-and-earn-with-susd-susde/)
Synthetix Quarterly Report Released by SNX Weave
A new comprehensive quarterly report for Synthetix has been released by @snx_weave, providing an in-depth analysis of the protocol's performance and developments. The report serves as an essential resource for: - Community members seeking updates - New users needing protocol overview - Stakeholders requiring performance metrics This follows the previous quarter's report by @0xSpartans, maintaining consistent protocol transparency and community engagement. *For detailed insights into Synthetix's synthetic assets and derivatives performance, review the full report.*
Synthetix Liquidations Resume - 420 Pool Migration Update
Synthetix is re-enabling liquidations for existing stakers following the 420 Pool migration launch. Key updates: - Stakers with c-ratio below 160% are now at risk of liquidation - The 420 Pool offers complete debt forgiveness for migrators - Over 100m SNX already deposited in first day - New features include: * No liquidation risk * Protocol-managed sUSD liquidity * SNX-backed yield generation * Partnership with Ethena Labs for USDe minting Non-stakers will soon be able to participate with new incentives. A cross-chain Swap & Stake feature is coming to support deposits from multiple EVM chains. [Migrate to 420 Pool](https://420.synthetix.io/) [Read Documentation](https://docs.synthetix.io/welcome-to-synthetix-user-docs/snx-staking/deposit-snx-to-the-420-pool)