$SNX Current Price: SNX is currently trading around $0.30, showing a slight recovery of roughly 2% in the last 24 hours.
Mainnet Launch: The protocol is transitioning to its full public Ethereum Mainnet launch (v3), moving away from legacy systems on Optimism.
sUSD Redesign: A major effort is underway to rebuild sUSD, aiming to make it the core stablecoin for high-performance decentralized perpetuals.
Margin Delisting: Binance recently delisted SNX from its margin trading pairs (effective late January), which has put some short-term pressure on liquidity.
Governance Elections: The January/February 2026 governance elections concluded, seating new members to oversee the protocol’s transition to its V3 architecture.
Infinex Launch: The associated "DeFi super app" Infinex (by founder Kain Warwick) recently launched its own token, which has shifted some investor attention within the ecosystem.
Market Sentiment: Technical indicators remain cautious, with the 200-day moving average trending downward despite localized bullish spikes on the 4-hour chart.
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