SYNTHETIX (SNX) Price, Analysis, Predictions, and Calculator

According to Santiment, Chainlink ($LINK), Synthetix ($SNX), and Dusk Foundation ($DUSK) lead the development of Real World Assets (RWAs) in the crypto market. Chainlink maintains its top position, while Synthetix and Dusk Foundation hold the second and third spots, respectively. Notably, Reserve Protocol ($RSR) has shown significant progress, indicating a positive trend in its development ranking. This information is crucial for traders focusing on RWAs, as these projects demonstrate substantial developmental advancements, potentially impacting trading strategies.

According to Santiment, the top 10 DeFi projects by development activity have seen shifts in their rankings compared to last month, indicating changes in their developmental momentum. Chainlink ($LINK) leads the list, followed by DeepBookonSui ($DEEP) and DeFiChain ($DFI), all of which have climbed in ranking. Synthetix ($SNX) has experienced a decline, while Coinbase ($CBBTC) has risen, suggesting varying levels of developer engagement and potential impact on market positioning.

According to @EmberCN, Synthetix founder @kaiynne has donated 2000 ILV (worth $86K) to former Synthetix CFO SynthaMan. SynthaMan had posted two days ago that he lost all his crypto assets due to liquidation and shared an address requesting donations to sustain him until his ILV unlocks in September. Just an hour ago, Synthetix founder Kain unlocked 150,000 ILV (worth $6.45M) and subsequently transferred 2000 ILV to SynthaMan.