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.
馃幆 Competition Wallets Revealed
**Synthetix Trading Competition** eligibility list is now live with 100 confirmed participants competing for a **$1M top prize**. **Key Details:** - Competition starts **October 20 at 23:59 UTC** - Full wallet list available in [Google Sheets](https://docs.google.com/spreadsheets/d/1G0dCwVA2e0LXVnUZPirevAC2n_0Yhw5WuFNqV6D30oQ/edit?usp=sharing) - Eligible traders must contact [Synthetix Help Center](https://support.synthetix.io/) for details **Competition Structure:** - 50 invite-only spots for top crypto traders - 35 spots for pre-depositors (top 20 sUSD + top 10 sUSDe depositors) - 15 spots for Synthetix community members This marks Synthetix's return to **Ethereum Mainnet** with the first native perp DEX, featuring gasless trading and private order data. **Join the discussion:** - [Discord](https://discord.gg/synthetix) - [Telegram](https://t.me/synthetix_dao)
馃 Round Two Begins
**Synthetix Mainnet Trading Competition Round 2** kicks off with a high-stakes rematch between prominent crypto traders @kaiynne and @crypto_bitlord7. The competition features: - **100 top crypto traders** competing head-to-head - **$1,000,000 top prize** up for grabs - **Leverage trading** on Synthetix's mainnet platform This marks the second face-off between these two well-known traders, building on the momentum from their previous competition. The event showcases Synthetix's synthetic asset trading capabilities while bringing together some of crypto Twitter's most recognized trading personalities. *Follow the competition to see who claims the million-dollar prize.*
Chinese CT Trader Joins $1M Synthetix Competition
**Synthetix reveals another competitor** for their upcoming mainnet trading competition with a **$1,000,000 top prize**. A prominent figure from the **Chinese crypto Twitter community** has secured one of the 100 spots in the high-stakes trading battle. The competition structure includes: - **50 invite-only spots** for top traders - **35 spots for pre-depositors** into sUSD/sUSDe vaults - **15 spots for Kwenta point holders** This follows previous announcements of a **semi-retired trading legend** turned pump.fun streamer also joining the competition. The event will **battle-test the first perp DEX on Ethereum**, with pre-deposit winners selected October 13th at 00:00 UTC. [Pre-deposit here](https://predeposit.synthetix.io/)
Synthetix Mainnet Multi-Collateral Margin Launch
**Synthetix Mainnet** is launching multi-collateral margin trading, allowing users to deposit portfolios of assets as collateral while keeping them productive. **Three supported collateral types:** - **sUSDe** - Ethena's yield-bearing synthetic USD stablecoin - **wstETH** - Lido's liquid staked ETH - **cbBTC** - Coinbase's Wrapped Bitcoin **Key benefits:** - Trade without selling underlying assets - Retain upside potential and yield generation - Improved capital efficiency - Lower capital gains implications The architecture supports any ERC-20 token with sufficient Ethereum liquidity, opening opportunities for partnerships with core Ethereum protocols and positioning Synthetix perps as a critical tool in the ETH ecosystem. Read more: [Multi-Collateral Margin Blog](https://blog.synthetix.io/multi-collateral-margin-on-synthetix-mainnet/)
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)