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Synthetix SNX

0.00008664 BTC0.04%0.00125965 ETH0.75%

Low (24h)



Synthetix Price - SNX Price in USD with Live Chart

Market Cap
Market Dominance
Market Cap
Market Dominance
Fully Diluted Market Cap
YTD (%)
Volume (24h)
Volume / Market Cap
Circulating Supply
260,096,013 SNX 84.43%
Max Supply
Total Supply
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coin image SNX





SNX to USD Price Chart

Risk Analysis




Synthetix (SNX) Markets

Synthetix Quarterly Returns


SNX Price Current Data

Synthetix price today is $2.41 USD, which is Up by 0.43% over the last 24 hours. There has been an hourly Dip by -0.10%. Synthetix's market cap currently sits at $626,014,656.60 USD, holding up for a market cap rank at #67. The volume were at $19,431,593.45 USD Synthetix ranks no 67 in the market capitalization of Synthetix is at $626,014,656.60 and its volume for 24 hours is $19,431,593.45. Synthetix are under circulation, with total supply of 318.95M and the Maximum supply of 308.07M.

About Synthetix

Synthetic assets can be issued on Ethereum. Synthetic assets can be thought of as derivative products. Getting exposure to the purchase without owning it will be possible with it.

What is Synthetix? (SNX)

Synthetic assets, or Synths, can include a variety of assets. It applies to anything with a reliable price feed. Cryptocurrencies such as Bitcoin and Ethereum, commodities such as gold and silver, and fiat currencies such as USD are some examples. Traders can even use inverse Synths to gain short exposure or hedge existing holdings and yield farming positions, allowing them quick exposure on inverse assets.

A trader can access assets that aren't available on the blockchain using Synthetix. In addition to creating indexes, Synthetix allows users to create baskets of multiple DeFi assets that track their prices.

Primary features of Synthetix Network Token

  • An asset insurance protocol based on blockchain technology.
  • Users can create synthetic decentralized assets and exchange them using Synthetix (SNX), an Ethereum-based project.
  • Funds from traders can be used to reward other components of the Synthetix ecosystem.
  • Among the DAOs that took over in 2020 are ProtocolDAO, GrantsDAO, and SynthetixDAO.


How Does Synthetix Network Token Work?

  • Multiple methods are available for trading Synths. Kwenta (a dApp that allows users to sell on the Synthetix network) is one dApp that will enable users to purchase ETH and then swap it for sUSD. SUSD can be traded for other Synths, such as sBTC, using both methods. 
  • To trade SNX tokens on Kwenta, you must purchase them on an exchange, stake them on Mintr, and create synths while selling them.

A maximum collateralization ratio of 750% backs every Synth created on Synthetix in the form of staking SNX tokens (and is subject to change). When a balance on Mintr reaches a certain threshold, a user must mint sUSD individually or burn sUSD manually.

Through staking SNX and minting sUSD, users are essentially taking on debt, which reflects the amount of sUSD that has to be burned to un-stake their SNX. This, in turn, represents a portion of all of the debt on Synthetix and is denominated in sUSDT, and that debt increases or decreases in accordance with the supply of Synths and their exchange rates. 


Who Are the Founders of Synthetix Network Tokens?

Synthetix, a protocol to trade derivatives on Ethereum, was founded by Kain Warwick, who currently leads the team developing the protocol. 

The biggest cryptocurrency platform in Australia is Blueshyft, which he built in the past. In addition, he served as a non-executive director of the company. 

Also, Warwick was an Advisory Council Member at Blockchain Australia and a member of The Burger Collective's Advisory Board before joining Blockchain Australia. 

Initial Coin Offerings (ICOs) and the sale of SNX, their native token, raised $30 million in early 2018 through Havven's Initial Coin Offering (ICO).  

  • Additionally, Justin Moses and Clinton Ennis are vital members of the Synthetix core team.

Moses has worked on Synthetix since its inception and is the company's CTO. As Director of Engineering at MongoDB, Moses was before joining Synthetix. His expertise lies in the design and deployment of large-scale systems. 

Clint Ennis, Synthetix's Senior Architect, has more than 18 years of software engineering experience. Formerly an architect lead at JPMorgan Chase, Ennis has a background in traditional finance.


How to use Synthetix Network Token?

Stake SNX: One way to build new Synths is to stake SNX. Staking can lead to prizes, rewards, and a larger holding.

Trade Synths: SNX coins are used for exchanging Synths between users.

  • Trade SNX: SNX can be traded and invested by investors and traders.


Why Should I use SNX?

A decentralized exchange or synthetic assets may be more popular in cryptocurrency in the future, so you may want to use SNX.

Further, if you buy SNX and stake it, you'll gain rewards, including a percentage of network trade fees and newly minted SNX.

Also, the platform may appeal to traders because of its variety of synthesizers. Synthetix will likely continue to be used by crypto asset traders due to the SNX token.


Synthetix Token Metrics

Token Name

Synthetix Network


24h Volume$ 75.83 million ($ 75,829,940)
Market cap$ 714.83 million ($ 714,833,080)
Fully diluted market cap$ 212,461 
Circulating supply 314.09 million SNX (314,089,132.09 SNX)
Total supply314.09 million SNX (314,089,132.10 SNX)
Max supply93,353.00 SNX 
Ethereum contract address0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f 
Issuance blockchainsEthereum, Polygon


Where is the Synthetix (SNX) coin available?

Synthetix (SNX) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.

  • Binance
  • Coinbase
  • Kucoin
  • Kraken

You can check the whole list of exchanges here to buy Synthetix (SNX)  


Synthetix Price Prediction

The current Synthetix price is $2.41. In the last 24 hours, Synthetix price has gone up by 0.43%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Synthetix price prediction.

Portfolio Tracker

Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Synthetix at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.

By exchanging SNX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Synthetix can be earned or received in various ways. SNX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the SNX, including SNX to PHP, SNX to INR, SNX to NGN, SNX to THB, SNX to CAD, SNX to PKR, SNX to IDR , SNX to EUR , SNX to AUD , SNX to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.

Would you like to know how many cryptocurrencies 1 SNX is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like SNX to PEPE, SNX to PEPEDERP, SNX to KEKE, SNX to LINA, SNX to ARB, SNX to SUI, SNX to TOMO, SNX to SHIB .

How much is a one Synthetix worth now?

The current price of the Synthetix(SNX) is $2.41, with a current market cap $626,014,656.60.

What is the Synthetix max supply?

The maximum supply of the Synthetix(SNX) is around 308.07M.

What is the Synthetix stock symbol or ticker?

SNX is a ticker symbol of the Synthetix.

How many SNX coins are there in circulation?

At the movement,260.1M Synthetix tokens are already in the market out of 318.95M SNX.

How can I invest in Synthetix?

There are many options for buying crypto, and Synthetix can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Synthetix. It's a quick, easy, and secure way to buy Synthetix(SNX).

Is Synthetix a stablecoin?

No, It is not a stablecoin.

What was the lowest price for Synthetix?

Synthetix had an all-time low of $0.0325.

What was the Highest price for Synthetix?

Synthetix had an all-time low of $0.0325.

Can Synthetix be mined?

No, the Synthetix (SNX) coin cannot be mined.

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SNX Price Statistics

Synthetix Price Today

SNX Price


Percentage Change ( 24h )


24h High / Low

$2.47 /


Trading Volume 24h


Volume / Market Cap


Market Dominance


Market Rank


Market Cap


Fully Diluted Market Cap


All Time High


All Time Low


Circulating Supply

260,096,013 SNX

Total Supply

318,950,466 SNX

Max Supply

308,069,419 SNX