Synthetix

Synthetix, founded in 2017 by Kain Warwick, is a DeFi platform that provides on-chain exposure to traditional assets like gold and silver.

The protocol uses price oracles to peg synthetic assets to their real-world counterparts, enabling crypto users to access traditional assets through blockchain technology.

Since then, Synthetix expanded to the Optimism L2 network and now accounts for over half of all recorded synthetic asset TVL.