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Synthetix

Synthetix SNXPrice $ 0.658

Rank: 208

SNX Price

0.658
0.94%
Price Range
LowHigh
$ 0.618$ 0.661

General Info

Contracts/Explorers:

Tags (Sub-Categories):

# Token

+13

Funds and Backers

Description

Synthetix is a decentralized liquidity provisioning protocol that enables the creation of on-chain synthetic assets.

Synthetix (SNX) Chart

Synthetix price Index provides the latest SNX price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

SNX to USD Converter

Synthetix (SNX)SNX

ICO

26 Feb 2018 — 28 Feb 2018

Raised

$ 5.30M

Price:

$ 0.670

ROI:

0.98x  -1.78%

Platform:

N/A

ATH ROI:

42.73x  +4,173%

SNX Price Statistics

leaderboard

Market Cap

$ 223.40M

Fully diluted value

FDV

$ 223.68M

ATH Market Cap

$ 4.14B


Vol. (24h) / MCap

0.0468

Max Supply

SNX 339,889,850

Total Supply

SNX 339,889,850

Circulating Supply

SNX 339.47M

(99.9% of Max Supply)

ICO ROI

1.78%

0.98x

ICO Price

$ 0.670

28 Feb 2018

All Time High

$ 28.63

14 Feb 2021


All Time Low

$ 0.0327

5 Jan 2019


From ATH

97.7%

From ATL

1,910%
Trending Synthetix Fiat Pairs

What is Synthetix (SNX)?

Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Synthetic assets, and associated products, are collateralized by stakers via Synthetix Network Token (SNX), which when locked in a staking contract enables the issuance of synthetic assets (synths). This pooled collateral model allows users to perform conversions between synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEXs. 

Synthetix currently supports a wide range of products enabled by this pooled collateral model. These products include Perpetual Futures and Spot Synths. These products serve as the base layer of liquidity for integrators to build novel financial derivatives.

SNX holders are incentivized to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix by integrators. They are also incentivized with SNX inflation. 

Synthetix Price Today

Synthetix's current price is $ 0.658, it has increased +0.94% over the past 24 hours.

Synthetix's All Time High (ATH) of $ 28.63 was reached on 14 Feb 2021, and is currently -97.7% down.

The current circulating supply of Synthetix is 339.47 Million tokens, and the maximum supply of Synthetix is 339.89 Million.

Synthetix’s 24 hour trading volume is $ 10.40 Million.

Synthetix's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 223.40 Million.

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