Synthetix
SNX#199| 1h | 24h | 7d | 30d | 1y |
|---|---|---|---|---|
| +0.14% | +0.21% | -1.79% | -5.29% | -66.93% |
About Synthetix
Synthetix Price History
Synthetix (SNX) reached its all-time high of $28.53 on February 13, 2021, and trades 99.3% below that peak today. Its all-time low was $0.034786 on January 5, 2019, and the price has since risen 506% from that low.
| Year | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026(YTD) | $0.410137 | $0.534295 | $0.193628 | $0.210839 | -48.59% |
| 2025 | $2.007 | $2.295 | $0.390413 | $0.418877 | -79.13% |
| 2024 | $4.089 | $5.106 | $1.203 | $1.913 | -53.22% |
| 2023 | $1.475 | $4.536 | $1.475 | $3.859 | +161.63% |
| 2022 | $5.977 | $7.714 | $1.431 | $1.435 | -75.99% |
| 2021 | $8.34 | $27.13 | $4.91 | $5.483 | -34.26% |
| 2020 | $1.232 | $8.061 | $0.3899 | $7.266 | +489.77% |
| 2019 | $0.04839 | $1.473 | $0.03519 | $1.212 | +2404.65% |
| 2018 | $0.3786 | $0.7702 | $0.03693 | $0.03693 | -90.25% |
Analysis
No analysis available for Synthetix yet.
Synthetix News
No recent news for Synthetix.
Synthetix FAQ
What is Synthetix (SNX)?
Synthetix is a decentralized finance protocol on Ethereum that enables the creation and trading of synthetic assets, known as Synths. These Synths track the value of real-world assets like fiat currencies, commodities, and other cryptocurrencies. The protocol was launched in 2018 and uses a collateralized debt pool model to back the value of these synthetic assets.
How does Synthetix work?
Synthetix uses a collateralized debt pool where users stake SNX tokens as collateral to mint Synths. The system maintains a debt pool that aggregates all Synth values, and traders can exchange between Synths without needing a counterparty. The protocol relies on price oracles to ensure Synth values accurately reflect underlying assets, and stakers earn fees from trades.
What is the SNX token used for?
SNX is the native token of Synthetix. It is primarily used as collateral to mint Synths, requiring a collateralization ratio of 400-600%. SNX holders can also stake their tokens to earn trading fees and participate in governance decisions, such as protocol upgrades and parameter changes. Additionally, SNX is used to pay for certain fees within the ecosystem.
How does Synthetix differ from other DeFi protocols?
Unlike decentralized exchanges that match buyers and sellers, Synthetix uses a debt pool model, allowing trades against the pool without a counterparty. This enables deep liquidity and zero slippage for synthetic assets. It also differs from stablecoin protocols by supporting a wide range of assets, not just pegged currencies. Its unique collateralization and staking mechanism incentivizes participation and maintains solvency.
What is the current price of Synthetix?
Synthetix is currently priced at $0.2108, up 0.21% in the last 24 hours. It is ranked #199 by market capitalization. Over the past 7 days, SNX is down 1.79%.
What is Synthetix's market cap?
Synthetix has a market capitalization of $72.64M. The 24-hour trading volume is $4.73M, reflecting the total value of SNX traded across all exchanges in the last day.
How many Synthetix coins are in circulation?
There are currently 344.52M SNX in circulation. Synthetix has a maximum supply of 339.89M SNX, meaning no more than this amount will ever exist.
