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Synthetix is a Layer-2 scaling solution that provides on-chain exposure to a wide variety of crypto and non-crypto assets. It recently partnered with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sUSD/3CRV, and sBTC/BTC, allowing investors to convert synths such as sETH to Ether (ETH) at more affordable rates.Synthetix Token Climbs By Half In Seven Days
The Synthetix token is selling at $3.05 at the time of writing, a 50 percent increase over the past week. The latest price increase has assisted the token in erasing its deficit from the ongoing market meltdown.SNX At No. 87 On The Global Rankings
The Synthetix coin is trading slightly over its 52-week low. Any decrease in the price of Bitcoin could cause the price of SNX to decrease as well. Among the almost 20,000 cryptocurrencies, SNX crypto is listed on the No. 87 spot. The SNX cryptocurrency can be traded on crypto exchanges such as Binance and Uniswap. The cryptocurrency market is showing signs of revival, as its valuation increased by 8.5% from the previous day to reach $879 billion. However, it is essential to recognize that the crypto market as a whole is experiencing a moment of tremendous instability.Featured image from Cryptona, chart from