Hassan Maishera
On Friday, the Synthetix team announced via a blog post that it has launched TWAP (Time-Weighted Average Price) orders on Synthetix Perps. TWAP orders make it easier to scale into and out of larger positions, especially in long-tail markets where liquidity can fluctuate, and large single executions may significantly impact your fill price.
One of the major benefits of TWAP orders is execution across predefined time intervals. By averaging fills over time, traders can reduce exposure to temporary volatility, wicks, and short-term market fluctuations that may otherwise negatively impact execution.
TWAP orders can be configured anywhere from 5 minutes up to 24 hours in total duration. Shorter durations help traders stay closer to the current market price while still reducing the impact of a single large execution.
Another major benefit of TWAP orders is reducing the size of each individual execution. Smaller order slices can help reduce market impact and provide smoother entries and exits in lower-liquidity or long-tail markets.
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets.
Synthetix is a decentralized perpetual futures protocol built on the Ethereum Mainnet. Synthetix Exchange uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability.
Synthetix is powered by SNX stakers (who secure the protocol and govern it), SLP depositors (who supply capital to the SLP community market-making vault), and a broader community of builders. The protocol evolved from its early “synths” model (v2) to Perps and a modular v3 architecture that supports cross-margining and multiple collateral types, with the primary focus now back on Ethereum Mainnet.
SNX, the native token of Synthetix, is down 0.6% in the last 24 hours and is trading at $0.3563 at press time.
