Gate News Bot news, on October 13, according to CoinMarketCap data, as of the time of writing, SNX (Synthetix) is currently priced at 1.75 USD, with an 86.59% rise in the last 24 hours, reaching a high of 1.85 USD and a low of 0.59 USD. The current market capitalization is approximately 600 million USD, an increase of 278 million USD compared to yesterday, currently ranked 102.
Synthetix is a decentralized derivatives trading platform based on the Ethereum mainnet. It is about to launch perpetual contract trading features, combining off-chain order matching and on-chain asset custody in a hybrid model. Users can trade using various assets as collateral, including ETH, wstETH, cbBTC, or sUSDe. The platform also offers the Synthetix liquidity provider (SLP) feature, allowing users to deposit sUSD to earn market-making rewards.