Sentiment Trading

Synthetix proposes a $27 million token swap to acquire Derive, a prominent crypto derivatives player, in a strategic move to unify their teams, tokens, and governance under a single ecosystem.

Synthetix, a leading Ethereum-based derivatives platform, has announced a $27 million acquisition of Derive, a prominent crypto options platform, in a token swap deal that could reshape the landscape of crypto derivatives.

As of May 11, 2025, Derive’s price stood at $0.0376082, with a market capitalization of approximately $26.7 million, reflecting a volatile period in the cryptocurrency market.