SNX (Synthetix) has pumped 15.73% in the last 24 hours.

2025-10-10 01:07:28

Gate News Bot news, on October 10th, according to CoinMarketCap, as of the time of this report, SNX (Synthetix) is currently priced at $1.28, with a rise of 15.73% within 24 hours, reaching a high of $1.29 and a low of $1.06. The 24-hour volume is $79.7 million. The current market capitalization is approximately $441 million, an increase of $60 million compared to yesterday.

Recent important news about SNX:

1️⃣ Synthetix founder proposes new governance proposal Synthetix founder Kain Warwick recently proposed a series of new governance proposals aimed at optimizing the operation and development direction of the protocol. These proposals cover several key areas, including improving governance mechanisms and adjusting the token economic model, which are expected to bring positive impacts to the SNX ecosystem.

2️⃣ The DeFi market recovery drives the rise in SNX demand With the overall sentiment in the cryptocurrency market improving, the decentralized finance (DeFi) sector has also shown clear signs of recovery. As one of the important projects in the DeFi space, Synthetix benefits from this trend, with a significant rise in demand for its synthetic asset trading, driving the price of SNX tokens up.

3️⃣ Technical upgrade plan attracts investors' attention The Synthetix team is actively promoting a series of technical upgrades, including optimizing the synthetic asset minting process and improving trading efficiency. These technological improvements are expected to enhance the platform's competitiveness, attract more users and liquidity, thereby supporting the value of the SNX token.

From a technical perspective, SNX has shown a strong rise after breaking through previous resistance levels, and it may continue to maintain an upward trend in the short term. However, investors still need to closely monitor overall market risks and changes in the competitive landscape of the DeFi sector.

This message is not an investment advice, and investors should be aware of market volatility risks.

SNX-13.46%

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