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Synthetix

Synthetix SNX

Token
Synthetix Price (SNX)
$2.66
19.26% Buy SNX

0.0016 ETH

0.0001 BTC

Low: $2.22
High: $2.75
24h
Market Cap
$664,875,272
19.26%
Fully Diluted Market Cap
$816,297,112
19.26%
Volume
24h
$86,681,690
248.75%
Volume / Market Cap
0.1304
Circulating Supply
249,924,290 SNX
81.13%
Max Supply
308,069,419
Total Supply
313,530,363
Synthetix SNX
Price: $2.66
19.26% Buy SNX

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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

Learn this metric

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).

Learn this metric

Verified Data

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

Circulating Supply

249,924,290 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.

Learn this metric

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.

Learn this metric
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Current price of Synthetix is $2.66

Synthetix (SNX) Social Signals & Traffic Tracker
Synthetix twitter
Twitter Stats
Visit Twitter

Followers

222.65K

0.15%

Joined at Aug 19, 2017

Following

196

1.03%

Tweet count

3,819

0.18%

Synthetix reddit
Reddit Stats
Visit Reddit

Subscribers

9.2K

0.00%

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

0.00%

Ahrefs Rank

47,665

1.56%

Organic Traffic (mo.)

0

0.00%

Synthetix github
GitHub Organization
Visit GitHub

Public repos

95

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. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Followers: 222,659

Subscribers: 9,201

Synthetix Price Statistics

Synthetix Price
$2.66
Price Change 24h
$0.5124
19.26%
24h Low / 24h High
$2.22 /
$2.75
All Time High
Feb 14, 2021 (1 year 11 months ago)
$28.77
90.75%
All Time Low
Jan 05, 2019 (4 years 4 weeks ago)
$0.0326
8,066.05%
Trading Volume 24h
$86,681,690
248.75%
Volume / Market Cap
0.1304
Market Dominance
0.06%
Market Rank
#81
Market Cap
$664,875,272
19.26%
Fully Diluted Market Cap
$816,297,112
19.26%

Live SNX Price Analysis

The current real time Synthetix price is $2.66, and its trading volume is $86,681,690 in the last 24 hours. SNX price has grew by 19.26% in the last day, and increased by 11.47% in the last 7 days. It’s important to note that current Synthetix market capitalization is $664,875,272, and the maximum supply is 308,069,419 SNX coins. Talking about circulating supply, SNX has 249,924,290 coins. Currently, Synthetix rank on the market is #81.

Synthetix price today is 90.75% below all time high, and it is 8,066.05% 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 $86,681,690 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 (1 year 11 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 4 weeks 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/BUSD (on Binance ), SNX/USD (on Coinbase ). 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.

Pages Related to Synthetix

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Current market Price of a specific cryptocurrency.

Learn this metric

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

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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.

Learn this metric

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

Learn this metric

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).

Learn this metric

Verified Data

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

Circulating Supply

249,924,290 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.

Learn this metric

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.

Learn this metric
Share it with your friends

Current price of Synthetix is $2.66

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