Report issue
Synthetix SNXPrice $ 0.769
Rank: 227
SNX Price
General Info
Contracts/Explorers:
Ethereum
Funds and Backers
Synthetix (SNX) Chart
SNX to USD Converter
SNXICO
26 Feb 2018 — 28 Feb 2018
Raised
$ 5.30M
Price:
$ 0.670
ROI:
1.15x +14.8%
Platform:
N/A
ATH ROI:
42.73x +4,173%
SNX Price Statistics
Market Cap
$ 261.58M
FDV
$ 261.90M
ATH Market Cap
$ 4.14B
Vol. (24h) / MCap
0.0192
Max Supply
SNX 339,889,850
Total Supply
SNX 339,889,850
Circulating Supply
SNX 339.47M
(99.9% of Max Supply)
ICO ROI
1.15x
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
From ATL
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 $ 0.769, it has dropped -2.13% over the past 24 hours.
Synthetix's All Time High (ATH) of $ 28.63 was reached on 14 Feb 2021, and is currently -97.3% 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 $ 5.02 Million.
Synthetix's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 261.22 Million.
