Synthetix
Software DevelopmentNew South Wales, Australia11-50 Employees
Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi.
DeFi Protocol Expansion Synthetix is solidifying its position in the DeFi space with strategic expansions, like shifting focus to Coinbase's Base network and launching multi-collateral perpetuals. This presents an opportunity to target users interested in diversified synthetic assets trading.
Tech Integrations By utilizing a tech stack that includes Ethereum, Node.js, Python, and Cloudflare CDN, Synthetix showcases a commitment to cutting-edge technology. This tech-savvy approach can be leveraged to attract clients seeking advanced, secure, and efficient software solutions.
Market Trend Alignment Synthetix's pivot to focus solely on Coinbase's Base network aligns with the market trend towards decentralized platforms. Sales teams can use this alignment to highlight the company's adaptability and market relevance to potential clients exploring DeFi solutions.
Financial Stability With a funding of $20M and revenue in the range of $0 - 10M, Synthetix demonstrates financial stability. This stability can be a reassuring factor for clients looking for long-term partnerships with a reliable and well-supported software development company.
Competitive Analysis Analyzing Synthetix in comparison to similar companies like Maker, dYdX, and Compound can provide insights into the competitive landscape of the DeFi sector. Sales professionals can leverage this analysis to highlight Synthetix's unique value propositions to potential clients seeking differentiation in the market.
Synthetix uses 8 technology products and services including Ethereum, Cloudflare CDN, Ghost, and more. Explore Synthetix's tech stack below.
Synthetix Email Formats | Percentage |
First@synthetix.io | 50% |
First@synthetix.io | 50% |
Software DevelopmentNew South Wales, Australia11-50 Employees
Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi.
Synthetix has raised a total of $20M of funding over 6 rounds. Their latest funding round was raised on Mar 20, 2023 in the amount of $20M.
Synthetix's revenue is in the range of $10M
Synthetix has raised a total of $20M of funding over 6 rounds. Their latest funding round was raised on Mar 20, 2023 in the amount of $20M.
Synthetix's revenue is in the range of $10M