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Cryptocurrencies:  7,458Markets:  31,687Market Cap:  $364,954,113,31024h Vol:  $86,730,243,861BTC Dominance:  60.5%
Market Cap:  $364,954,113,31024h Vol:  $86,730,243,861BTC Dominance:  60.5%Cryptocurrencies:  7,458Markets:  31,687
Synthetix Network Token

Synthetix Network Token (SNX)

$3.69 USD (-1.41%)
0.00031034 BTC (-2.65%)
0.01001395 ETH (1.41%)
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  • Market Cap
    $380,041,347 USD
    31,933 BTC
    1,030,425 ETH
  • Volume (24h)
    $51,990,646 USD
    4,369 BTC
    140,965 ETH
  • Circulating Supply
    102,898,987 SNX
  • Total Supply
    205,499,693 SNX

About Synthetix Network Token

Synthetix Network Token price today is $3.69 USD with a 24-hour trading volume of $51,990,646 USD. Synthetix Network Token is down 1.41% in the last 24 hours. The current CoinMarketCap ranking is #40, with a market cap of $380,041,347 USD. It has a circulating supply of 102,898,987 SNX coins and the max. supply is not available. You can find the top exchanges to trade Synthetix Network Token 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).

Synthetix Network Token Price

Synthetix Network Token Price$3.69 USD
Synthetix Network Token ROI
713.42%
Market Rank#40
Market Cap$380,041,347 USD
24 Hour Volume$51,990,646 USD
Circulating Supply102,898,987 SNX
Total Supply205,499,693 SNX
Max SupplyNo Data
All Time High
$7.86 USD
(Sep 01, 2020)
All Time Low
$0.032420 USD
(Jan 05, 2019)
52 Week High / Low
$7.86 USD /
$0.305089 USD
90 Day High / Low
$7.86 USD /
$3.36 USD
30 Day High / Low
$5.47 USD /
$3.36 USD
7 Day High / Low
$4.59 USD /
$3.36 USD
24 Hour High / Low
$3.74 USD /
$3.36 USD
Yesterday's High / Low
$3.97 USD /
$3.72 USD
Yesterday's Open / Close
$3.95 USD /
$3.74 USD
Yesterday's Change$-0.217144 USD (-5.49%)
Yesterday's Volume$29,616,499 USD
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