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Synthetix Network (SNX): Price, Charts and Market Cap

Synthetix Network Synthetix Network website
Symbol SNX
Nature Token
Brief Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA (coming soon), and AAPL (coming soon) within the Ethereum blockchain.
Discussion https://www.synthetix.io/
Last updated: Sunday, March 7, 2021 2:00:02AM UTC
Crypto Volatility Index (CVIX): 62
Current price, USD: 21.38
Market capitalization, USD: 2 455 072 453
Available supply: 114 841 533 SNX
Volume 24 hours, USD: 92 706 100
Mineable No

Synthetix Network general information

General SNX facts, technical details and general information about Synthetix Network crypto currency


Synthetix is a derivatives liquidity protocol on Ethereum that enables the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token which tracks the price of an external asset; for example, each sUSD token tracks the price of the US dollar (and unlike the other synthetic assets, is fixed at 1). A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes.

In principle, the system can support any asset with a clear price and provides on-chain exposure to an unlimited range of real-world assets. The protocol will enable a variety of trading features including binary options, futures, and more.

How does Synthetix work?


Synthetix is otherwise composed of a smart contract infrastructure and a set of incentives that maintains Synth prices. It is underpinned by the value of the Synthetix Network Token (SNX). SNX acts as collateral; staking a proportional value of SNX is required to mint Synths. Stakers are rewarded for supporting the system with a pro-rata share of the fees generated by activity in the system. The value of SNX is thus directly connected with the usage of the network it collateralizes.

This mechanism allows Synthetix to support instantaneous, near-frictionless conversion between different flavors of Synths without the liquidity and slippage issues experienced by other decentralized exchanges. The resulting network of tokens supports an extensive set of use cases including trading, loans, payments, remittance, eCommerce, and more.

Synthetix was launched in late 2017, originally under the name of Havven (HAV).

Historical data for Synthetix Network

We list daily Synthetix Network historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Feb 26 18.41 17.01 19.53 2 031 193 943
Feb 27 17.95 17.95 20.00 2 223 117 890
Feb 28 18.92 16.48 18.92 2 162 797 180
Mar 01 18.72 18.72 20.61 2 325 655 898
Mar 02 20.70 20.70 22.89 2 534 613 383
Mar 03 22.45 22.45 23.82 2 608 375 755
Mar 04 22.76 21.41 23.88 2 472 173 282
Mar 05 21.51 20.12 21.51 2 427 878 170
Mar 06 20.81 20.24 21.36 2 452 703 469
Mar 07 21.29 21.29 21.44 2 455 072 453

SNX/USD Exchange Rates


SNX to USD price chart — 7 days

SNX to USD price chart — 30 days

SNX to USD price chart — 60 days

SNX to USD price chart — 6 months

Synthetix Network

Synthetix Network (SNX) price change (24h)

SNX price change 24 hours 2.18%
SNX price change 7 days 13.41%

Synthetix Network (SNX) Short Term Forecast

After Price Change
1 day $23.84 11.51%
1 week
1 month
6 months
1 year
Synthetix Network Price Prediction

Synthetix Network Comments & Reviews

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Synthetix Network News & Forecasts

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