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Cryptocurrencies:  7,473Markets:  31,753Market Cap:  $395,130,604,87024h Vol:  $115,857,844,464BTC Dominance:  61.6%
Market Cap:  $395,130,604,87024h Vol:  $115,857,844,464BTC Dominance:  61.6%Cryptocurrencies:  7,473Markets:  31,753
Synthetix Network Token

Synthetix Network Token (SNX)

$3.59 USD (0.04%)
0.00027262 BTC (-9.52%)
0.00897190 ETH (-7.52%)
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  • Market Cap
    $374,382,238 USD
    28,396 BTC
    934,508 ETH
  • Volume (24h)
    $48,858,977 USD
    3,706 BTC
    121,959 ETH
  • Circulating Supply
    104,159,489 SNX
  • Total Supply
    205,499,693 SNX

About Synthetix Network Token

Synthetix Network Token price today is $3.59 USD with a 24-hour trading volume of $48,858,977 USD. Synthetix Network Token is up 0.04% in the last 24 hours. The current CoinMarketCap ranking is #40, with a market cap of $374,382,238 USD. It has a circulating supply of 104,159,489 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$3.59 USD
Synthetix Network Token ROI
No Data
Market Rank#40
Market Cap$374,382,238 USD
24 Hour Volume$48,858,977 USD
Circulating Supply104,159,489 SNX
Total Supply205,499,693 SNX
Max SupplyNo Data
All Time HighNo Data
All Time LowNo Data
52 Week High / LowNo Data
90 Day High / LowNo Data
30 Day High / LowNo Data
7 Day High / LowNo Data
24 Hour High / LowNo Data
Yesterday's High / LowNo Data
Yesterday's Open / CloseNo Data
Yesterday's ChangeNo Data
Yesterday's VolumeNo Data
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