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.
Synthetix Consolidates on Ethereum Mainnet with New Curve Pool
Synthetix continues streamlining operations by cleaning up legacy systems and L2 deployments. Key updates: - Legacy Curve 4pool deprecated - New Curve pool (sUSDe/sUSD) launched on Ethereum Mainnet - Liquidity successfully migrated from 4pool to new sUSDe pool - Part of broader strategy to consolidate on mainnet This aligns with Synthetix's earlier announcement to sunset L2 operations on Base and Arbitrum, focusing entirely on Ethereum mainnet. A new CLOB Perp launch is planned for later this year. Visit the new pool: [Curve Finance Pool](https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-371/deposit/)
Synthetix Sunsets Leveraged Tokens on Optimism - Important Deadlines
Synthetix is discontinuing leveraged tokens on Optimism, with key dates for token holders: - **Minting Disabled**: New token minting stopped August 4 - **Redemption Window**: August 4-11 for manual token redemption - **Final Liquidation**: August 11 - remaining positions automatically liquidated with airdrops following *Important Actions Required*: - Redeem tokens before August 11 for immediate fund access - No action needed for Optimism perps traders - Automatic liquidation and airdrops for non-redeemed positions This continues Synthetix's broader L2 retirement strategy, following earlier closures on Base and Arbitrum. [Join Discord](http://discord.gg/synthetix) or [Telegram](http://t.me/+v80TVt0BJN80Y2Yx) for updates.
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)
Synthetix Launches Redesigned Website with Enhanced Features
Synthetix has unveiled a comprehensive website redesign that consolidates its product ecosystem into a single hub at synthetix.io. Key updates include: - Access to 90+ Perps markets - Expanded liquidity opportunities - New leveraged tokens for 10+ assets The enhanced stats page now displays: - Real-time APRs and fees data - Liquidity rewards metrics - Perps volume analytics - SNX token performance The governance structure aligns with Vision 2025, featuring the Spartan Council with 6-month election terms and a 4/7 approval threshold. Visit synthetix.io to explore the new interface.
Synthetix Launches Multi-collateral Perps with tBTC Support
Synthetix has launched Multi-collateral Perpetuals on Kwenta (Arbitrum network) with tBTC as the primary Bitcoin collateral option. Key features: - 81 new perpetual markets added - 4 collateral options including tBTC, ETH, USDe, and USDx - tBTC integration offers 1:1 BTC backing with permissionless minting - No KYC required for Bitcoin bridging Limited-time incentives: - Reduced taker fees (5 bps) for 2 weeks - 20% of trading fees distributed to LPs for 1 month - Kwenta points program active for traders Trading now live at kwenta.io