Synthetix Price Surges: Competition & Strategic Shift Fueling Gains

Synthetix’s token price is experiencing a strong surge, jumping over 20% to reach around $1.71 in just 24 hours. Trading volume has also skyrocketed more than 250%. This makes it the top performing cryptocurrency of the week, signaling a renewed interest from investors and traders alike. This sudden surge is driven by two key factors: a major trading competition on the Ethereum mainnet and a strategic shift that positions Synthetix for stronger DeFi growth. 2025