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Synthetix

Synthetix SNX

token
Synthetix Price (SNX)
$4.47
11.95% Buy SNX

0.0019 ETH

0.0001 BTC

Low: $3.98
High: $4.51
24h
Market Cap
$1,342,979,190
11.95%
Fully Diluted Market Cap
$1,467,714,704
11.95%
Volume
24h
$170,403,316
104.65%
Volume / Market Cap
0.1269
Circulating Supply
300,301,215 SNX
Max Supply
--
Total Supply
328,193,104

Synthetix (SNX) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.19%

Joined at Aug 19, 2017

Following

223

0.90%

Tweet count

4,365

0.39%

Synthetix reddit
Reddit Stats
Visit Reddit

Subscribers

0.04%

Joined at Nov 30, 2018

Subreddit type

public

Moderators

7

0.00%

Synthetix telegram
Telegram Stats

Members

-

Title

-

Currently, official Synthetix (SNX) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Synthetix traffic
Website Traffic
Visit Website

Website Rating (DR)

74 / 100

1.33%

Ahrefs Rank

41,697

1.27%

Organic Traffic (mo.)

0

Synthetix github
GitHub Organization
Visit GitHub

Public repos

Created at Aug 10, 2017

Type

Organization

Synthetix github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Synthetix (SNX) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 239,328

Subscribers: 9,443

Synthetix Price Statistics

Synthetix Price
$4.47
Price Change 24h
$0.5344
11.95%
24h Low / 24h High
$3.98 /
$4.51
All Time High
Feb 14, 2021 (2 years 9 months ago)
$28.77
84.46%
All Time Low
Jan 05, 2019 (4 years 11 months ago)
$0.0326
13,627.54%
Trading Volume 24h
$170,403,316
104.65%
Volume / Market Cap
0.1269
Market Dominance
0.08%
Market Rank
#57
Market Cap
$1,342,979,190
11.95%
Fully Diluted Market Cap
$1,467,714,704
11.95%

Live SNX Price Analysis

The current real time Synthetix price is $4.47, and its trading volume is $170,403,316 in the last 24 hours. SNX price has grew by 11.95% in the last day, and increased by 15.24% in the last 7 days. It’s important to note that current Synthetix market capitalization is $1,342,979,190, Talking about circulating supply, SNX has 300,301,215 coins. Currently, Synthetix rank on the market is #57.

Synthetix price today is 84.46% below all time high, and it is 13,627.54% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling SNX are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Synthetix?

The Synthetix token, or SNX, is the native token of Synthetix - the decentralized finance platform for issuing crypto-based synthetic assets a.k.a. Synths.

SNX is powered by the Ethereum blockchain and is based on the ERC-20 token standard.

The main feature of SNX is that it serves as collateral for network users who require synthetic assets. This means that, in order to obtain synthetic assets, holders must stake their SNX tokens. These tokens are then locked into a smart contract in order to issue new synthetic assets.

The Synthetix price is greatly influenced by the unique inflation model implemented within the Synthetix ecosystem. The inflation rate will increase over time until it reaches 2.5%. 

This model has been implemented to avoid the risks related to halving events. This feature should ensure the relative stability of the SNX price.

SNX holders receive exclusive benefits such as crypto rewards for simply staking their Synthetix tokens. These rewards are called exchange rewards and staking rewards. They’re paid out weekly.

Exchange rewards come from the transaction fees produced by Synthetix. They can reach up to 1% of the original trade value, however, they generally stay at around 0.3%. On the other hand, staking rewards come from an inflationary supply of SNX tokens.

Besides taking out loans, SNX can be used to trade within the Synthethix ecosystem.

For more in-depth information about the Synthetix price, you can check the graph above.

What is a Synthetic Asset?

A synthetic asset, or a Synth, is a digital tokenized derivative that allows holders to predict price movements and minimize risk. In total, there are 5 types of Synths that track the price:

  • Cryptocurrencies;
  • Forex currencies;
  • Index;
  • Commodities;
  • Assets in an inverse manner. 

What are the Main Features of Synthetix?

As mentioned above when discussing What is Synthetix, we’ve established that it’s a decentralized platform that enables synthetic asset issuance. This means that users can access underlying digital assets without owning them, with the help of Synths. These underlying assets are tracked by oracles.

In addition, Synthetix facilitates the trading of Synths in a decentralized manner.

When it comes to governance, the Synthetix crypto project was governed by two different models. From the moment it was launched up to 2020, the Synthetix Foundation took the responsibility of governing the project. The Synthetix Foundation implemented 2 unique proposal management mechanisms: 

  • Synthetix Improvement Proposal, or SIP, manages proposals related to the smart contract of Synthethix;
  • Synthetix Configuration Change Proposal, or SCCP, handles changes related to the configuration variables.

This model of governance was abolished in July of 2020, with the hopes of increasing decentralization through a decentralized autonomous organization (DAO) model, which was split into 3 DAOs:

  • ProtocolDAO;
  • GrantsDAO;
  • SynthetixDAO.

Who Developed Synthetix?

The Synthetix crypto project was founded by Kain Warwick in late 2017. It entered the market during a time when the only viable stablecoin available was USDT.

Initially, it was introduced as Havven and received 30,000,000 US Dollars from investors who purchased over 60,000,000 SNX tokens.

In November of 2018, the project went through a rebranding process and received a new name - Synthetix.

Before Synthetix was founded, Kain Warwick was working on another Australia-based project powered by blockchain technologies - Blueshyft payment platform. It was launched in 2014 and has managed to spread globally since then. He has also gained valuable experience as a CEO for Pouncer - an auction-based shopping platform.

The Synthetix crypto project is backed by a board of advisors with different professional backgrounds. It includes Walter De Brouwer, Matthew Di Ferrante, and Renqi Shen, among many other accomplished individuals.

What's Synthetix trading volume in the last 24 hours?

SNX has a trading volume of $170,403,316 in the last 24 hours.

What's Synthetix highest price ever?

SNX has a highest price of $28.77, which was reached on Feb 14, 2021 (2 years 9 months ago).

What's Synthetix lowest price ever?

SNX has a lowest price of $0.0326, which was reached on Jan 05, 2019 (4 years 11 months ago).

What are the best exchanges for buying and selling SNX?

Currently, the most active and dominating exchanges for buying and selling Synthetix are Binance, Kraken & Kucoin. The most popular Synthetix trading pairs are SNX/USDT (on Binance ), SNX/USD (on Coinbase ), SNX/USDT (on DigiFinex ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping SNX?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Synthetix. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Synthetix project's Circulating Supply has been verified and is equal to:

Circulating Supply

300,301,215 SNX

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Synthetix is $4.47

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