BlockBeats News, December 19, Decentralized derivatives protocol Synthetix announced the launch of a perpetual contract DEX on the Ethereum mainnet, adopting a hybrid CLOB model with on-chain asset custody + off-chain matching to circumvent mainnet congestion and high gas costs. The initial batch will support BTC, ETH, and SOL perpetual contracts with up to 50x leverage, and plans to introduce multi-collateral margins, RWA support, and incentive programs.
The platform is powered by the SLP Vault to provide liquidity, and Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet.
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Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.




























Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.