$20M Token Purchase In This Altcoin From Market Maker DWF Labs

Market Maker DWF Labs has invested $20 million in tokens in decentralized finance (DeFi) protocol Synthetix (SNX).

by Synthetix Monday, March 20 In an e-mail statement on the day, DWF Labs 15 million dollars value is the native token of the protocol SNX place was given. According to the transferred information, DWF Labs $5 million additional purchase its total investment 20 million dollars will complete.

On the other hand, futures contracts of Synthetix, to significantly increase the throughput of the protocol. It will be integrated into DWF Labs’ business operations.

Ethereum (ETH) based Synthetix gold And assets such as stocks It is a decentralized blockchain that allows them to print and trade synthetic assets that track their value.

According to CoinGecko data, within 24 hours with the effect of news flow 7.6% rising SNXat the time of writing from $3.10 is being traded.

DWF Labs, made a name for itself in the crypto money market with its bullish performance after the China-linked partnerships announced one after the other earlier this month. To ConFlux (CFX) in 10 million dollars had made an investment.

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