Synthetix underwent significant changes in 2024, transforming into a user-centric derivatives trading platform through a complete overhaul of its governance structure and the acquisition of TLX and Kwenta, aiming to set new standards for the on-chain user experience.

Synthethix emerged from 2024 with a renewed sense of purpose. A radical governance shakeup and the acquisitions of <a href="https://blog.synthetix.io/synthetix-acquires-ecosystem-leading-leveraged-token-platform-tlx/">TLX</a> and <a href="https://blog.synthetix.io/synthetix-acquires-ecosystem-leading-perps-platform-kwenta/">Kwenta</a> transformed the protocol from a suite of tools for DeFi builders to a user-focused derivatives trading platform, aiming to set new standards for onchain UX. Focusing squarely on Base,

Transformations and Future Outlook of Synthetix in 2024