Synthetix Community Call

JUN

04

Event date

Wednesday 04 June 2025, UTC

Event description

Synthetix, a leader in decentralized synthetic assets, is holding its next community call on X Spaces (link: https://t.co/9Qt7HyZm50). The agenda includes their strategic shift to Ethereum mainnet, a major staking overhaul dubbed "Simple Staking," and advancements in perpetual futures (perps). These calls are a cornerstone of Synthetix’s governance model, empowering SNX holders to shape the protocol’s future through transparent discussions [Synthetix Blog, 2021]. Expect insights into how these updates aim to boost liquidity, reduce fees, and enhance user experience for traders and stakers alike.

Recent News

Just days ago, Synthetix and Derive shelved a $27M token swap deal after community pushback, highlighting the power of decentralized governance. Critics argued Derive was undervalued, showing Synthetix’s commitment to fair community-driven decisions [Cryptonews, 2025-05-26]. Earlier this year, Synthetix expanded its perps offerings by launching 12 new markets on Base, including assets like OP, AVAX, and DOGE, reinforcing its position in DeFi trading [Synthetix Blog, 2024-04-17].

Future Plans

Synthetix is focused on scaling its perps ecosystem, aiming for deeper liquidity and up to 50x leverage for traders. The Simple Staking release is set to streamline SNX staking, potentially lowering gas costs and improving accessibility for smaller holders, a nod to past initiatives like SIP-60 [Synthetix Blog, 2021]. Upcoming governance proposals may also address sUSD’s peg stability, which recently dipped to $0.68 before recovering to $0.77 [Cryptonews, 2025-05-26].

Onchain Data

While specific staking metrics for 2025 aren’t available, historical data shows Synthetix’s growth: in 2021, transactions peaked at 930 in a 7-day period, 34x higher than the year’s start [Medium, 2021-12-13]. Current Etherscan data for SNX could provide further insights, but staking activity is expected to surge post-upgrade.

Community Sentiment

X reactions are buzzing with anticipation. Users like @medicmatt203 are excited, saying, “Can’t wait to hear what you guys are cooking” while others share positive vibes, tagging influencers for their takes [X, 2025-05-28]. The sentiment leans optimistic, though some discuss sUSD’s volatility as a concern.

Why It Matters

This call could signal a turning point for Synthetix, potentially boosting SNX adoption and DeFi trading volume. With Ethereum mainnet’s stability and staking upgrades, Synthetix is poised to attract more users, but sUSD’s peg issues may pose short-term risks. Stay informed!

Risk Disclaimer: Volatility in sUSD and market conditions may impact staking rewards; DYOR before participating.

Synthetix Network

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Synthetix Network (SNX) Events List

Synthetix Community Call on October Mainnet Trading Event

Synthetix is hosting a Community Call on October 1, 2025, at 9:30 PM UTC. The call will focus on discussing the mainnet trading event scheduled for October. This virtual session aims to engage the community in discussing the details and expectations surrounding the upcoming trading event on the Synthetix platform. Recent News In the last few months, Synthetix has been gearing up for the launch of its first perpetual derivatives decentralized exchange (perps DEX) on Ethereum mainnet in Q4 2025. To complement this, they have announced a major $1 million trading competition to incentivize user participation and liquidity. These moves highlight Synthetix's commitment to growth and product development in the derivatives space. Future Plans The team plans to successfully launch the perps DEX and continue developing the mainnet trading event with community engagement via calls such as this one. They aim to increase trading volume and liquidity on their platform and enhance decentralized trading capabilities. Onchain Data No verifiable onchain metrics available. Community Sentiment The community shows positive engagement around the trading event and the competitive incentives. Sentiments on platforms like Twitter are hopeful and enthusiastic about the upcoming mainnet trading competition and features. Sample reactions include: "Looking forward to the mainnet launch and the trading competition!" and "This could be a game changer for Synthetix derivatives trading." Risk Disclaimer Participation in the trading event may influence the token price due to increased trading activity and liquidity changes. Investors should consider potential volatility and risks inherent in decentralized trading. Sources used https://x.com/synthetix_io/status/1971515095126814726 https://blog.synthetix.io/1m-on-the-line-synthetix-mainnet-trading-competition/

Synthetix Network

October 1

Synthetix Network Immunefi Magnus Integration

On November 5, 2025, Synthetix Network integrates Immunefi Magnus to provide unified, always-on protection for its infrastructure. Immunefi, a renowned decentralized security platform, offers continuous monitoring and protection against vulnerabilities for Synthetix's smart contracts and network infrastructure to enhance security reliability. Recent News In recent months, Synthetix has actively pursued strengthening its blockchain security by partnering with Immunefi, following a trend in DeFi projects adopting professional security services. Immunefi continues to expand its Magnus offering to provide more comprehensive coverage for major DeFi protocols, reacting to increasing demand for robust security mechanisms amidst rising cyber threats. Future Plans Synthetix plans to leverage this integration to sustain a secure and resilient platform, thereby fostering higher user confidence. Upcoming initiatives include expanding the scope of the Immunefi Magnus protection and exploring further collaboration on security audits and vulnerability disclosures. Community Sentiment Positive — The integration has been well received by the Synthetix community, appreciating the commitment to security. Comments on official channels highlight trust and encouragement for the proactive defense measures. Sample reactions include: 'Great to see Synthetix prioritizing security.', 'Immunefi partnership will boost confidence.', and 'Continuous protection is a smart move!'. Risk Disclaimer As this event relates to infrastructure protection without tokenomics changes, it poses minimal direct impact on token price but strengthens long-term project security. Sources used https://x.com/synthetix/status/1985932404201308329

Synthetix Network

November 5

Synthetix Mobile Session Feature Release

Synthetix Network is launching a new mobile session feature for traders participating in the Synthetix Exchange trading competition. This update allows users to open a mobile session from their desktop, enhancing accessibility and trading flexibility. The event is scheduled for November 7, 2025. Participation can be accessed via the Synthetix Exchange platform. Recent News Recent developments include Synthetix's continuous improvements in user experience and interface, along with expanding utility for their exchange. There have been ongoing updates to optimize cross-device functionality, aiming to capture more mobile users alongside desktop traders. Future Plans The project aims to further integrate mobile-friendly features and streamline decentralized trading experiences across multiple devices. Upcoming roadmaps highlight enhancements to mobile trading tools and the expansion of features tailored for competitive trading scenarios. Community Sentiment Neutral to positive — The community appreciates enhanced mobile access, especially from desktop sessions, noting improved convenience. Comments include: "Great to see mobile compatibility!", "This feature makes trading on the go easier," and "Looking forward to more mobile-friendly updates." Risk Disclaimer As this release focuses on user interface improvements and trading feature accessibility, it may influence trading volumes but does not directly impact tokenomics or token price. Sources used https://x.com/synthetix/status/1986589095569858897

Synthetix Network

November 7

Synthetix Network

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