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Synthetix (SNX) Surges 10% After Proposal to Add PEPE Coin Markets to L2 Blockchain

Synthetix (SNX) has experienced a 10% increase in trading over the past 24 hours, which is attributed to a new proposal. The proposal, known as Synthetix Improvement Proposal (SIP) 2014, would add PEPE coin markets to the L2 blockchain. This has caused a surge in volumes, with a 150% increase in the wake of the proposal. Synthetix is a decentralized exchange for trading "synthetic" crypto assets and operates as both a Layer-2 scaling solution and DEX. The project was launched in Sept 2017 by Kain Warwick and lives on the Ethereum and Optimism mainnets.

Synthetix Synthetix $1.80
-2.5%
PEPE
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