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.
Ethereum Mainnet Launch Approaching
The long-anticipated Ethereum Mainnet deployment is drawing closer, with significant implications for DeFi users and developers. - Project teams are finalizing preparations for migration from sidechains - Users should begin planning their transition strategies - Mainnet integration will enable enhanced security and scalability *Key Considerations:* - Review current sidechain positions - Monitor official announcements for specific migration dates - Prepare for potential network adjustments during transition Stay informed about upcoming developments to ensure a smooth transition to Mainnet.
Synthetix Mainnet Bug Fix Update
Synthetix has deployed a critical mainnet update addressing previously reported issues from the June 4th launch. The fix resolves stability concerns that emerged during the initial rollout. Key updates: - System stability improvements - Enhanced protocol security measures - Performance optimizations The development team confirmed all systems are now operating as intended. Users can resume normal protocol interactions.
Synthetix Launches New Mainnet Exchange with SNX Rewards Program
Synthetix unveils a new onchain exchange combining Ethereum L1 security with CEX-like performance. Key features: - Ethereum mainnet custody & settlement - High-performance offchain matching - Institutional-grade APIs - No bridge/sequencer risk A points program launches with SNX rewards for deposits, trading, and referrals. 500 exclusive invite codes will be distributed to early depositors and 420 pool stakers. Join the community: - Discord: [Chat](https://discord.gg/synthetix) - Telegram: [Updates](https://t.me/+v80TVt0BJN80Y2Yx)
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.