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Synthetix Network

Synthetix Network SNX Price $ 3.20

Rank: 96

3189 Watchlists

DeFi

SNX Price

3.20
16.4%
(-$ 0.628)
Price Range
LowHigh
$ 3.10$ 3.86

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Wallets

No wallets found yet

Description

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

Synthetix Network (SNX) Chart

The Synthetix Network to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

SNX to USD Converter

Synthetix Network (SNX)SNX

ICO

26 Feb — 28 Feb 2018

Raised

$ 5.30M

Price:

$ 0.670

ROI:

4.77x  +377%

Platform:

N/A

ATH ROI:

42.73x  +4,173%

SNX Price Statistics

leaderboard

Market Cap

$ 1.05B

FDV

$ 1.05B

ATH Market Cap

$ 4.14B

24 Trade Vol.

$ 70.79M


Vol. (24h) / MCap

0.0676

Max Supply

SNX 328,193,104

Total Supply

SNX 328,193,104

Circulating Supply

SNX 327.77M

(99.9% of Max Supply)

Listing Date

15 Mar 2018

ICO Price

$ 0.670

28 Feb 2018

ICO ROI

377%

4.77x

All Time High

$ 28.63

14 Feb 2021


All Time Low

$ 0.0327

5 Jan 2019


From ATH

88.8%

From ATL

9,659%

Synthetix Network Price Analysis

What is Synthetix Network (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 Network Price Today

Synthetix Network's current price is $ 3.20, it has dropped -16.4% over the past 24 hours.

Synthetix Network's All Time High (ATH) of $ 28.63 was reached on 14 Feb 2021, and is currently -88.8% down.

The current circulating supply of Synthetix Network is 327.77 Million tokens, and the maximum supply of Synthetix Network is 328.19 Million.

Synthetix Network’s 24 hour trading volume is $ 70.79 Million.

Synthetix Network's current share of the entire cryptocurrency market is 0.04%, with a market capitalization of $ 1.05 Billion.

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