Messari: State of Synthetix Q2 2023

07/07 16:00

According to Messari, Product improvements for Synthetix Perps continue to drive adoption, with volumes jumping 170% quarter over quarter and total trading volume surpassing 11 billion. In Q2, product enhancements included reduced execution delays, cheaper trading fees, and more underliers to trade.Part of the improved product is much cheaper trading, with ETH/BTC fees of only 2bp maker and 6bp taker now competitive with CEX pricing. Fees increased only 7.3%, to $7.3 million, despite the jump in volumes.
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