Ethereum-Based DeFI Altcoin Project Ignites Rallies Amid Rollout of New Upgrade - The Daily Hodl

Synthetix Network (SNX) has experienced a surge in value as it prepares to launch Synthetix V3, an upgrade aimed at improving liquidity in the decentralized finance (DeFi) ecosystem.

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Relevant topic timeline:

9/4/2023

Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend

The price of Synthetix's native token, SNX, rose by 12.5% after significant outflows from Binance, indicating a pattern of buying, while the newly-created wallet also withdrew $3.9 million worth of livepeer tokens, causing a surge of 17.5%.

9/8/2023

Synthetix Launches Infinex Decentralized Exchange on Optimism for Frictionless Trading

Decentralized derivatives protocol Synthetix plans to launch the Synthetix v3 protocol and its decentralized exchange front-end, Infinex, which seeks to close the usability gap between centralized and decentralized exchanges and attract more users to DeFi.