$SNX Synthetix project team has made significant progress in several key areas recently:

1. Technical Upgrade: Launch of Synthetix V3

The core of V3 lies in its new modular design, making it easier to expand and upgrade, as well as achieving higher efficiency. By improving the underlying contract architecture, V3 offers a more efficient staking and trading experience. Additionally, V3 expands the variety of supported synthetic assets, including more fiat currencies, stocks, and other traditional assets.

2. Perpetual Contracts (Perps V3) Expansion

• The project team is actively promoting the deployment of Perps V3, which is an important layout for Synthetix in the derivatives market.

• Perps V3 brings lower slippage, higher trading efficiency, and more flexible risk management mechanisms, positioning it favorably in the competitive decentralized derivatives market.

• Moreover, Perps V3 plans to integrate with multiple networks (such as Base and Optimism), further enhancing its cross-chain capabilities.

3. Cross-Chain Expansion and Ecosystem Integration

• Base Network Support: Synthetix has already deployed on the Base network launched by Coinbase, significantly increasing its user coverage, with lower trading costs and faster settlement speeds.

• Cross-Protocol Collaboration: The project team is promoting liquidity sharing through partnerships with mainstream DeFi platforms like Curve and Uniswap, while creating more trading scenarios for its synthetic assets (Synths).

4. Staking Mechanism Optimization

• The project team has further optimized the staking economic model of SNX, providing higher returns and flexible operation methods for staking users.

• By burning a portion of SNX tokens (over 30,000 SNX have been burned recently), it has enhanced the token's scarcity and value support.

5. Strengthening Governance and Community Participation

• The project team has further strengthened the community's decision-making power through governance proposals (SIPs), including key contents such as proposal approval mechanisms and reward distribution, enhancing community vitality.

6. Execution of Long-Term Roadmap

• Synthetix stated that it will continue to increase R&D efforts in synthetic assets, perpetual contracts, and cross-chain support, while exploring more possibilities for integration with traditional finance, such as launching on-chain synthetic assets based on stocks and bonds.

Summary

With the ongoing promotion of Synthetix V3 and Perps V3, its technical capabilities and market influence are expected to be further enhanced.