Radix

DeFi

DeepBook Protocol

Request

Synthetix

<ul class="wp-block-list news-points">
 <li>Synthetix is the top DeFi protocol with the highest development activity.</li>
 <li>SNX token has risen 70% in the last 30 days and trades at $2.33.</li>
 <li>DEEP and XRD are up 4% and 6.5% in the past 24 hours.</li>
</ul>
Synthetix, a decentralized liquidity provisioning protocol, leads decentralized finance (DeFi) projects in development activity, surpassing notable ecosystems in the industry. Meanwhile, SNX, the protocol’s native token, has climbed almost 70% in the past 30 days.
According to an X (formerly Twitter) post by blockchain analysis platform <a href="https://x.com/santimentfeed/status/1861541422769250379" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, DeepBook Protocol (DEEP) on Sui Network—a high-throughput, low-latency DEX—follows Synthetix, with smart contracts platform Radix (XRD) in third place. Injective (INJ) and dYdX (DYDX) hold the fourth and fifth positions, respectively.
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfCxxjIsmK0nwswDFI4Ojrh7yKsavWw88y74ZTDjipaTeJ6-gGnZqsrfSZAknYlPHddf6VQ-pb9PjJAtnIkDOPZviS0fjSTe-VkhSSZNKNzq7ZbLxqxYQRdI5-2vIpa8S_SqkfDAQ?key=ly_uzg4Uzj-YaVMFRpOHsLc2" alt="" style="width: 100%;height:auto">
 </figure>
</div>
The other DeFi protocols in the top ten for development activity are DeFiChain (DFI), Request Network (REQ), Lido Finance (LDO), Osmosis (OSMO), and Fox Crypto (FOX). This increased development activity reflects rising interest in these projects, suggesting these tokens may perform well soon.
Santiment’s development activity software tracks software development events across various …
The post <a href="https://coinedition.com/synthetix-tops-defi-development-charts-snx-price-up-70-in-a-month/" rel="noopener noreferrer nofollow">Synthetix Tops DeFi Development Charts; SNX Price Up 70% in a Month</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Synthetix Tops DeFi Development Charts; SNX Price Up 70% in a Month

Coin Edition

Other articles published on Nov 27, 2024

Teresa Goody Guillén Considered for SEC Chair Amid Trump’s Pro-Crypto Push

Cardano and Ripple Holders Rotate to an Undervalued Altcoin Poised for a 44,205% Bull Run by Q1 2025

Bitwise Rebrands XRP ETP Amid Surging Demand, Ripple Buys In

Create Stunning Presentations with AI PPT Tools

Bitcoin Crash Explained: Is This the End of the $100K Bull Run?

Qubetics Redefines Interoperability, Polkadot Gears Up for 2.0, Binance Enhances Staking Options

Join our free newsletter for daily crypto updates!