SNX

SynthetixSNX

Rank #27
Token
On 39,217 watchlists

Synthetix Price (SNX)

$12.55
17.84%

0.0004074 BTC

0.01087 ETH

Low:$12.51
High:$15.77
24h
SNX  Synthetix SNXPrice: $12.55 17.84%
Market Cap
$1,441,215,090
17.84%
Fully Diluted Market Cap
$2,665,837,507
17.84%
Volume
24h
$216,388,860
17.58%
Circulating Supply
114,841,533 SNX
54%
Max Supply
212,424,133

Synthetix Chart

 

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About Synthetix

Synthetix price today is $12.55 USD with a 24-hour trading volume of $216,388,860 USD. Synthetix is down 17.84% in the last 24 hours. The current CoinMarketCap ranking is #27, with a market cap of $1,441,215,090 USD. It has a circulating supply of 114,841,533 SNX coins and a max. supply of 212,424,133 SNX coins.

The top exchanges for trading in Synthetix are currently Binance, Huobi Global, BitZ, OKEx, and HBTC. You can find others listed on our crypto exchanges page.

What is Synthetix?

Synthetix is a derivatives liquidity protocol on Ethereum that enables the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token which tracks the price of an external asset; for example, each sUSD token tracks the price of the US dollar (and unlike the other synthetic assets, is fixed at 1). A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes. In principle, the system can support any asset with a clear price and provides on-chain exposure to an unlimited range of real-world assets. The protocol will enable a variety of trading features including binary options, futures, and more.

How does Synthetix work?

Synthetix is otherwise composed of a smart contract infrastructure and a set of incentives that maintains Synth prices. It is underpinned by the value of the Synthetix Network Token (SNX). SNX acts as collateral; staking a proportional value of SNX is required to mint Synths. Stakers are rewarded for supporting the system with a pro-rata share of the fees generated by activity in the system. The value of SNX is thus directly connected with the usage of the network it collateralizes.

This mechanism allows Synthetix to support instantaneous, near-frictionless conversion between different flavors of Synths without the liquidity and slippage issues experienced by other decentralized exchanges. The resulting network of tokens supports an extensive set of use cases including trading, loans, payments, remittance, eCommerce, and more.

Synthetix was launched in late 2017, originally under the name of Havven (HAV).

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SNX

Synthetix

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USD

United States Dollar

SNX Price Statistics

Synthetix Price Today
Synthetix Price$12.55
Price Change24h$-2.24

17.84%

24h Low / 24h High
$12.51 /
$15.77
Trading Volume24h$216,388,859.87

17.58%

Market Dominance0.16%
Market Rank#27
Synthetix Market Cap
Market Cap$1,441,215,090.42

17.84%

Fully Diluted Market Cap$2,665,837,506.87

17.84%

Synthetix Price Yesterday
Yesterday's Low / High
$13.82 /
$15.77
Yesterday's Open / Close
$15.26 /
$15.73
Yesterday's Change

3.08%

Yesterday's Volume$186,589,853.34
Synthetix Price History
7d Low / 7d High
$12.51 /
$17.08
30d Low / 30d High
$6.45 /
$17.08
90d Low / 90d High
$2.48 /
$17.08
52 Week Low / 52 Week High
$0.3051 /
$17.08
All Time High
Jan 16, 2021 (5 days ago)
$17.08

26.5%

All Time Low
Jan 05, 2019 (2 years ago)
$0.03242

38609%

Synthetix ROI

2665.8%

Synthetix Supply
Circulating Supply114,841,533 SNX
Total Supply215,258,834 SNX
Max Supply212,424,133 SNX

Synthetix Markets

No Data

Synthetix News

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