Layer3.news — Eric He

SYNTHETIX PRICE IS UP 190% IN A MONTH—HERE’S WHY

https://s.yimg.com/ny/api/res/1.2/rreGuNlznmajeXC2gSHC0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/decrypt_157/e1ba76bdb17ff516183e4ac4c878e706

✍️ The native token of derivatives protocol Synthetix, SNX, has rallied by 190% in the past month, driven by anticipation for its upcoming perpetual decentralized exchange launch on the Ethereum mainnet.

👉 SNX has rallied by 190% in the past month 👉 Anticipation for Synthetix's perpetual DEX launch on the Ethereum mainnet is driving the token's value 👉 The launch is expected to be the first perpetual DEX on the Ethereum mainnet 👉 On-chain activity has increased, with 975 new wallets added in a single day 👉 Analysts view the recent dip as a natural correction

-- #EricHe #KarlenShatverov #Ethereum #technology

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Eric He Karlen Shatverov Ethereum technology mainstream:perspective

10/15/2025

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SYNTHETIX PRICE IS UP 190% IN A MONTH—HERE’S WHY

https://cdn.decrypt.co/wp-content/uploads/2025/06/Chart4_red-gID_7.png

✍️ Synthetix's native token, SNX, has rallied 190% in the past month as anticipation builds for its perpetual decentralized exchange launch on the Ethereum mainnet.

👉 SNX has rallied 190% in the past month 👉 Anticipation builds for Synthetix's perpetual decentralized exchange launch on the Ethereum mainnet 👉 The token's surge is attributed to the excitement around the upcoming launch 👉 The network has added new wallets and experienced large whale transfers 👉 Analysts view the dip as a natural pause due to short-term volatility