Synthetix (SNX) Faces Volatility Amid Launch on Coinbase’s Base Blockchain
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Synthetix (SNX), a decentralized cryptocurrency derivatives platform, experienced a significant price drop of over 20% coinciding with the launch of spot BTC ETFs on January 11. Despite market pressures, the launch of the first perpetual protocol on Coinbase’s Ethereum Layer-2 Blockchain Base is a pivotal development for Synthetix’s future.
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