As a keen observer of the cryptocurrency landscape, I'm curious to know how Synthetix, a prominent decentralized synthetic asset issuance protocol, is faring in the current market rankings. Its innovative approach to enabling the issuance of synthetic assets that track the value of real-world assets, such as commodities, fiat currencies, and cryptocurrencies, has garnered significant attention. However, with the volatile and rapidly evolving nature of the crypto industry, I'm interested in understanding its current standing and how it compares to its peers in terms of market capitalization, trading volume, and overall popularity. Could you provide a brief overview of Synthetix's current ranking and any key factors that may be influencing its position?