Synthetix (SNX) is fueling DeFi growth today amid growing DAUs
to data from CoinMarketCap. Trading at a price of $2.40, the token has now inched to 31.1% growth over the trailing seven-day period, showing itself as one of the top-performing Decentralized Finance tokens around.
Synthetix said it is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Built on both the Optimism and Ethereum mainnet, Synthetix has seen the proliferation of protocols on itself, offering users options and futures trading among many other use cases.
The growth of the protocol's native token, SNX, is currently being fueled by broad optimism about the growing usability of the platform. According to a recent update from The DeFiant, a major DeFi update platform, the number of Daily Active Users on the Synthetix protocol soared to a new high since it launched its V2 engine.
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