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-0.37%

Ethereum
ETH$1 054.14

-0.74%

Tether
USDT$0.998805

-0.01%

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USDC$0.999924

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BNB$219.31

3.08%

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-0.18%

Synthetix Network (SNX) Price, Market Cap and Information


Synthetix Network (SNX) Buy Synthetix Network Now
Synthetix Network (SNX) 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.
CVIX 80
Current price $2.21
Change 24h -3.15%
Change 7d -26.82%
Market Cap $253 956 024
Available supply 114 841 533 SNX
Volume 24h $78 017 406
Updated Friday, July 1, 2022 7:00:04AM UTC
Nature Token
Mineable No
Discussion
WWW Website

Synthetix Network price change 24 hours

Synthetix Network Short Term Forecast

After Price Change
1 day $1.30 -41.18%

Synthetix Network Price Predictions

Synthetix Network General Information

General SNX facts, technical details and Synthetix Network Cryptocurrency information

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).

Synthetix Network Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Jun 22 3.11 3.02 3.54 347 267 436
Jun 23 2.98 2.98 3.16 351 884 294
Jun 24 3.12 2.97 3.12 351 632 592
Jun 25 3.05 2.80 3.05 330 493 270
Jun 26 2.86 2.69 2.97 309 319 839
Jun 27 2.67 2.43 2.78 282 690 686
Jun 28 2.44 2.34 2.58 288 530 302
Jun 29 2.50 2.44 2.64 280 097 102
Jun 30 2.38 2.12 2.38 254 853 505
Jul 01 2.28 2.18 2.30 253 956 024

SNX/USD Price Charts

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

* Crypto Rating accepts no liability for any errors in the Synthetix Network information, SNX Prices and SNX's Market Cap. For the most up-to-date prices please visit the Synthetix Network's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 57.6% 94 $19 417.13 -0.37% -6.69% $370 518 379 758 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56% 91 $1 054.14 -0.74% -7.16% $127 934 699 226 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.998805 -0.01% -0.05% $66 153 066 492 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999924 -0.04% 0% $55 798 347 438 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58.8% 84 $219.31 3.08% -4.71% $35 808 055 268 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $0.999713 -0.18% 0.03% $17 542 191 048 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 62.8% 72 $0.316356 -1.24% -13.78% $15 293 642 726 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64.4% 77 $0.450457 0.39% -7.35% $15 285 845 233 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 65.6% 74 $32.57 2.28% -14.16% $11 179 080 080 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 76 $0.065111 -0.31% 0.92% $8 638 322 639 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 92% 1 $1.000095 0.04% 0.03% $6 778 457 853 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.2% 72 $6.67 -1.75% -14.72% $6 584 853 900 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 56.4% 91 $0.065036 1.48% 2.02% $6 015 244 429 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 72% 55 $6.09 2.86% 4.89% $5 813 814 977 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.8% 71 $0.000010 1.53% 0.03% $5 532 168 891 SHIB 7 days price change

News, Promo

SNX
Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch

The SNX/USD exchange reached $13.76 on Monday for the first time since June 3. Synthetix (SNX) prices reached a one-month high on Monday as traders looked...

13 Jul 2021

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