Synthetix turns on layer-two alpha, launches Olympics betting on options plat...
Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events. Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform.The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and lower fees using optimistic rollup technology.Initially, there will be just four synthetic assets available for trading on layer two — sUSD, sETH, sBTC and sLINK. The data collected from this alpha launch....
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In commiseration of the Tokyo Olympics, which started July 23rd, Phemex brings their own version of the Olympics. The Phemex trading Olympics values align with those of the actual Olympics, which accepts people of all walks of life. Integrating sports and crypto trading, Phemex presents the “Phemex Olympics: United Through Trading.” The Phemex Olympics: United […]
Binary options and sports betting will soon be launched on the Synthetix-based Thales platform. A decentralized finance project providing binary options style trading has just completed a $2.5 million seed round.Binary options are financial instruments that allow traders to speculate on the price movement of the underlying market or cryptocurrency. There are two possible outcomes which is why they are considered binary.At launch, Thales will support markets for more than 60 different assets including cryptocurrencies, commodities, equities, and index products, before expanding into sports....
Long-awaited layer two scaling is finally being launched on Uniswap v3, albeit in a limited format initially. The long-awaited layer two scaling solutions upgrade for Uniswap has finally been spotted in the wild with the launch of version 3 on Optimistic Ethereum.In a post on July 13, the world’s most popular decentralized exchange stated that it was pleased to finally announce the alpha launch of Uniswap v3 on the Optimistic Ethereum (OΞ) mainnet.The alpha launch is a limited version of the full system which helps developers deploy the system gradually and address any issues that may....
The SNX/USD exchange reached $13.76 on Monday for the first time since June 3. Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market.Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25% price rally that started Sunday. A flurry of technical and fundamental factors contributed to the sudden market demand for Synthetix tokens, including founder Kain Warwick's update on the project's much-awaited layer 2 solutions.A new synthetic....
With Ethereum transaction fees still high, more layer-two powered platforms are emerging. The number of decentralized exchanges running layer-two solutions is growing as the Ethereum network struggles to keep up with its own popularity.As excessive Ethereum gas prices continue to hamper smaller transactions and operations on the network, the number of faster and cheaper options continues to expand as layer-two adoption increases. Layer-two solutions have the potential to process thousands of transactions per second, rather than the handful processed on layer-one.The LeverJ decentralized....