Ethereum-Based DeFI Altcoin Project Ignites Rallies Amid Rollout of New Upgrade
crypto Ethereum Ethereum-Based DeFI Altcoin Project Ignites Rallies Amid Rollout of New Upgrade 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin One decentralized finance (DeFi) altcoin project is surging amid the rollout of a highly anticipated network revamp. In the past there days, Synthetix Network (SNX), a protocol that allows users to trade synthetic assets, shot up from a low of $1.91 to a high of $2.51, a more than 32% increase. As the rally took off, blockchain tracking firm Lookonchain napansin one crypto whale withdrew a massive 3.44 million SNX worth $7.72 million from top crypto exchange Binance. Last week, the project announced the latest progress on the launch of Synthetix V3, an upgrade of the ecosystem almost two years in the making that it describes as the “liquidity layer for DeFi.” According to a new blog post, all of the final main net alpha upgrades for V3 have been sent to auditors for review. With Syntethix V3 going live, founder Kain Warwick also weighed in on the future of the project in a new blog post this week. Part of the vision behind V3 is to make Synthetix deployable on any EVM-compatible chain, which presents the challenge of SNX liquidity being spread too thin on each









