Synthetix Expands to Optimism Superchain with New App Chain

DeFi protocol Synthetix is set to launch its new app chain, SNAXchain, within the Optimism Superchain framework.

The introduction of SNAXchain is designed to act as a central platform for governance and protocol management as Synthetix grows across different chains and Layer 2 solutions.

The development of SNAXchain has been supported by collaborations with Conduit for infrastructure and Wormhole for cross-chain communication.

Optimism’s Superchain infrastructure is anticipated to boost user connectivity and growth for SNAXchain.

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This framework leverages optimistic rollups on Ethereum to cut transaction fees for decentralized apps and is overseen by the Optimism Collective DAO. It includes various chains such as Base, Mode, Zora, Lyra, and Aevo, with OP Mainnet as its core network.

Additionally, Synthetix is entering a new phase of governance, with new councils being nominated through SNAXchain.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.