As of February 28, Solayer (LAYER) is priced at $0.10, up 12.56% in the past 24 hours, with a market capitalization of $32.9 million. As a high-performance SVM blockchain network, Solayer supports over 1 million TPS transaction processing capacity, with clear technical advantages. Its diversified products include sSOL, sUSD, and a consumer card, which enhance ecosystem activity and trust, and it has received support from institutions like a16z.

Odaily News Infinex founder kain.mega posted on X platform: "I was once a top five Liquidity Provider (LP) on the Balancer platform for about a year, using leveraged funds, borrowing against SNX as collateral, and then exchanging with SUSD.

BlockBeats news, on October 17, according to Onchain Lens monitoring, a hacker sold 9,240 ETH at a price of $3,775 each, obtaining 34.88 million DAI, which was then exchanged for sUSD, resulting in a loss of approximately $4.56 million within three days.

Gate News Bot news, on October 13, according to CoinMarketCap data, as of the time of writing, SNX (Synthetix) is currently priced at 1.75 USD, with an 86.59% rise in the last 24 hours, reaching a high of 1.85 USD and a low of 0.59 USD. The current market capitalization is approximately 600 million USD, an increase of 278 million USD compared to yesterday, currently ranked 102. Synthetix is a decentralized derivatives trading platform based on the Ethereum mainnet. It is about to launch perpetual contract trading features, combining off-chain order matching and on-chain asset custody in a hybrid model. Users can trade using various assets as collateral, including ETH, wstETH, cbBTC, or sUSDe. The platform also offers the Synthetix liquidity provider (SLP) feature, allowing users to deposit sUSD to earn market-making rewards.

Synthetix founder Kain updated on the sUSD depegging issue, with the current price at 0.990619 USD, and it is expected to re-peg. Previously, the sUSD price fell to 0.7 USD, and Synthetix took emergency measures by launching a USD 420 pool to incentivize SNX stakers to deposit sUSD and provide rewards.

BlockBeats news, on July 10th, Solayer officially announced on social media that Liquidity.Land has launched a new deposit points acceleration rewards program, where using sUSD and sSOL can earn an additional 4% and 7.68% points rewards.

Golden Finance reported that the synthetic asset protocol Synthetix officially announced that due to the unstable Rollup infrastructure, Synthetix often faces downtime. As part of the transition to the Synthetix Mainnet, all L2 deployments will gradually cease, and new deposits in the LP vaults are currently disabled. On July 7, leveraged tokens, as well as perpetual and LP vaults, are expected to be fully deprecated. Traders and liquidity providers (LPs) are advised to migrate their assets to the Ethereum on-chain. After the launch of the Synthetix Mainnet, early deposit vaults for sUSD and sUSDe will be introduced, along with incentive programs for points and gated trading competitions.

Synthetix founder kain.avax revealed on the X platform that a new client project has been built using Cursor, with Claude Opus submitting a 10,000-line code PR, and the project is now operational. At the same time, after the sUSD decoupling, the SCCP-409 proposal has been approved to increase the sUSD stake for debt relief participants to 20%, promoting the restoration of sUSD's peg.

Synthetix founder Kain.avax has built a new project development environment on the X platform, introducing servers/databases to make the project stronger. Claude Opus submitted a Pull Request with 10,000 lines of code, and Kain.avax successfully rebuilt the project in 40 minutes, bringing it close to operational status. Proposal SCCP-409 has been passed to provide additional support for Synthetix's stablecoin sUSD, with debt forgiveness participants needing to increase sUSD stake to 20% to help restore sUSD's peg.

According to BlockBeats, on May 30, Solayer's RWA stablecoin sUSD has been expanded to the Base network through Wormhole NTT, achieving native multi-chain support. With NTT, the token can reduce liquidity fragmentation while maintaining control over token ownership, metadata, and upgrade capabilities.