20 Million Dollars Investment from Investment Firm to Favorite Altcoin!

Market maker and investment firm DWF Labs, on-chain liquidity and derivatives trading protocol Synthetix It invests $20 million in

The Synthetix Treasury Council announced on Monday that DWF Labs purchased $15 million worth of Synthetix’s native token, SNX, on March 16, with a further $5 million follow-up.

Synthetix’s perpetual futures product will be integrated into DWF Labs’ trading business to increase Altcoin’s trading volume.

Synthetix

Ethereum based Synthetix is ​​a decentralized platform that allows users to print and trade synthetic assets that track the value of real-world assets such as gold and stocks.

DWF Labs’ investment, blockchain It comes less than a week after infrastructure provider Orbs Network purchased its native token ORBS for $10 million. The price of ORBS has increased by 14.5% in the last seven days.

As Koinfinans.com reported, SNX rose 2.9% to $2.96 in the last 24 hours.

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