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Synthetix, A DeFi Protocol For Synthetic Assets, Has Announced The Launch Of Version V3 Q L 2 Arbitrum Blockchain

By admin On Oct 25, 2024

DeFi protocol Synthetix has officially debuted on the Arbitrum blockchain, introducing the Kwenta perpetual trading platform. Thus, Synthetix expands its presence in multi-chains, adding a new crypto network to the existing Ethereum, Base, Optimism. The application, which acts as a basis for derivatives trading in DeFi, brought the V3 version to Arbitrum, providing new opportunities for its community.

The collaboration between the parties aims to create an efficient and high-performance DeFi experience using the deployed technologies. On one hand, Synthetix is ready to provide high-performance perpetual swaps to Arbitrum users. On the other hand, the blockchain serves as an operational base for fast, secure and low-cost transactions thanks to the L 2 architecture built on Ethereum.

Finally, Kwenta is cooperating thanks to its simple and intuitive interface, which allows for new trading tools. With this launch, Synthetix is ready to explore new connections with the blockchain world and expand its ecosystem. It is expected that Arbitrum may lead to an increase in trading volumes. Other similar opportunities, such as the recent integration with Optimism and Base, have contributed to the exchange volume of $50 billion.

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