Synthetix regains bullish momentum: why SNX is rising

Synthetix (SNX) cryptocurrency is showing renewed strength as price action, volume, and fundamentals begin to align. After months of downside pressure, SNX has surged over 14% in the past seven days, marking one of the strongest short-term performances in recent months. At press time, SNX was trading at $0.3127. Below are some of the factors behind the SNX price surge. Launch of Synthetix’s perpetual DEX on Ethereum One of the biggest catalysts behind the renewed optimism is the recent launch of Synthetix’s perpetual DEX on the Ethereum mainnet. The launch marks a strategic return to the mainnet after years of focusing on layer-two deployments. It also expands Synthetix’s reach and places it back at the centre of decentralised derivatives activity,…