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Synthetix (SNX) trading volume overtakes GMX, but is the DEX token rally sustainable?

May 25, 2023 by DIGIT
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Volumes at Synthetix surpassed it’s nearest DEX competitor, but contracting user activity across decentralized exchanges could be a red flag.

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Categories decentralized exchange, derivatives
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  • binancecoinBNB(BNB)$568.60-1.23%
  • solanaSolana(SOL)$164.59-1.34%
  • usd-coinUSDC(USDC)$1.00-0.17%
  • rippleXRP(XRP)$0.51-1.71%
  • staked-etherLido Staked Ether(STETH)$2,490.54-1.15%
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  • bitcoinBitcoin(BTC)$69,511.00-0.55%
  • ethereumEthereum(ETH)$2,492.35-1.13%
  • tetherTether(USDT)$1.00-0.21%
  • binancecoinBNB(BNB)$568.60-1.23%
  • solanaSolana(SOL)$164.59-1.34%
  • usd-coinUSDC(USDC)$1.00-0.17%
  • rippleXRP(XRP)$0.51-1.71%
  • staked-etherLido Staked Ether(STETH)$2,490.54-1.15%
  • dogecoinDogecoin(DOGE)$0.158204-2.11%
  • tronTRON(TRX)$0.166376-0.48%