Synthetic assets is one of the most interesting fields of application in the field of decentralised financial services (DeFi). It is slowly becoming more and more competitive. So now two new projects are about to bring scalability and a wider range of services to the market.

Trading platforms for synthetic assets often have problems in creating sufficient liquidity. In order to offer financial products, a broad pool of liquidity is needed to absorb the corresponding fluctuations. Injective wants to solve this problem by first admitting investors with sufficient capital as first users: “We will first bring on board investors who are market makers themselves, so that they can offer high liquidity for all markets. With these investors we will then have the necessary liquidity,” says Uddin.

However, the competition is not sleeping, because Synthetix, probably the largest platform for synthetic assets to date, has planned a number of upgrades to compete with the newcomers.