SNX Soars 120% as Synthetix Prepares for a New Trading Era

Synthetix’s native token, SNX, experienced explosive growth in the days following October 13th, 2025. The altcoin surged over 120%, reaching a new all-time high of $2.20 within 24 hours. This remarkable rise followed the announcement of Synthetix’s launch of a new perpetual futures exchange on Ethereum and an upcoming trading competition set for October 20th. The anticipation surrounding these developments significantly impacted trading volume, which hit $758 million, marking a significant departure from its prolonged downtrend.