SNX Synthetix

Despite negative market conditions, the price of SNX—the native token of Synthetix—has been in a constant uptrend since mid-June.

Later this week, the synthetic assets protocol Synthetix will launch its service on Optimism, the optimistic roll-up scaling solution on Ethereum. The launch will imply an upgrade to the protocol, and trading will initially be limited.

Popularity of yield farming is on the rise, but institutional investors have yet to fully take advantage.