SNX Surges Over 80% to 10-Month High — Can Synthetix’s Perp DEX Launch Fuel More?

SNX, the token native to the Synthetix protocol, has surged to a 10-month high as anticipation builds for the upcoming launch of its perpetual decentralized exchange on the Ethereum (ETH) mainnet. The token’s sharp rally coincides with a broader recovery in the crypto market, making SNX a standout performer among crypto assets. Synthetix (SNX) Rises Over 80% After Crypto Market Crash Synthetix enables the creation of synthetic assets, or “synths,” which mirror the value of real-world assets such as stocks, commodities, and cryptocurrencies—without requiring physical holdings. According to CoinGecko, SNX is the second-largest token in the synthetic assets segment, following Chainlink (LINK) source: https://beincrypto.com/snx-surge-synthetix-perp-dex-ethereum-launch/