Synthetix Soars 120% as Derivatives Hype Reignites DeFi’s 'Dino Coin'

Synthetix, a leading protocol within the decentralized finance (DeFi) ecosystem, has experienced an impressive surge of 120%, driven by a renewed excitement surrounding derivatives trading. This remarkable uptick has reignited interest in what is often referred to as 'Dino Coin,' a term used to describe assets or projects that have been around for a considerable time yet continue to play a significant role in the evolving landscape of blockchain and cryptocurrency. As traders and investors flock back to the platform, the revitalization of derivatives trading is not only boosting Synthetix's value but also stimulating broader interest in long-established DeFi projects, suggesting a potential resurgence in the overall market. source: https://www.coindesk.com/markets/2025/10/13/synthetix-soars-120-as-derivatives-hype-reignites-defi-s-dino-coin