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Cryptocurrencies:  6,432Markets:  25,717Market Cap:  $354,103,195,32024h Vol:  $101,741,538,225BTC Dominance:  60.1%
Market Cap:  $354,103,195,32024h Vol:  $101,741,538,225BTC Dominance:  60.1%Cryptocurrencies:  6,432Markets:  25,717

Synthetix Network Token (SNX)

$5.50 USD (20.04%)
0.00047689 BTC (19.20%)
0.01432919 ETH (19.63%)
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  • Market Cap
    $508,885,862 USD
    44,131 BTC
    1,326,025 ETH
  • Volume (24h)
    $82,127,208 USD
    7,122 BTC
    214,002 ETH
  • Circulating Supply
    92,540,124 SNX
  • Total Supply
    196,828,196 SNX
  • Ratings

    Disclaimer: Ratings are calculated by third party organizations and are not influenced or endorsed by CoinMarketCap in any way.

    FCAS stands for Fundamental Crypto Asset Score, a single, consistently comparable value for measuring cryptocurrency project health. FCAS measures User Activity, Developer Behavior and Asset Maturity.

    Find out more about FCAS | Request Historical FCAS data via CSV

    Fundamental Crypto Asset Score
    FCAS Trend

About Synthetix Network Token

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 Statistics

Synthetix Network Token Price$5.50 USD
Synthetix Network Token ROI
1,111.11%
Market Rank#33
Market Cap$508,885,862 USD
24 Hour Volume$82,127,208 USD
Circulating Supply92,540,124 SNX
Total Supply196,828,196 SNX
Max SupplyNo Data
All Time High
$6.01 USD
(Aug 12, 2020)
All Time Low
$0.032420 USD
(Jan 05, 2019)
52 Week High / Low
$6.01 USD /
$0.247029 USD
90 Day High / Low
$6.01 USD /
$0.732101 USD
30 Day High / Low
$6.01 USD /
$2.41 USD
7 Day High / Low
$6.00 USD /
$4.19 USD
24 Hour High / Low
$6.00 USD /
$4.44 USD
Yesterday's High / Low
$4.88 USD /
$4.32 USD
Yesterday's Open / Close
$4.83 USD /
$4.88 USD
Yesterday's Change$0.047955 USD (0.99%)
Yesterday's Volume$51,308,514 USD
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