Synthetix Network PriceVote (0)
Synthetix Network (SNX) price has declined today.
The price of Synthetix Network (SNX) is $3.01 today with a 24-hour trading volume of $130,473,048.89. This represents a -2.60% price decline in the last 24 hours and a 19.50% price increase in the past 7 days. With a circulating supply of 320 Million SNX, Synthetix Network is valued at a market cap of $966,307,761.
What is Synthetix?
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix Ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum Mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2 which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3 which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.
Where can you buy Synthetix Network?
SNX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Synthetix Network is CoinTR Pro, where the most active trading pair SNX/USDT has a trading volume of $629,172.13 in the last 24 hours. Other popular options include DigiFinex and Binance.
What is the daily trading volume of Synthetix Network (SNX)?
The trading volume of Synthetix Network (SNX) is $131,591,719.32 in the last 24 hours, representing a 24.90% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Synthetix Network (SNX)?
The highest price paid for Synthetix Network (SNX) is $28.53, which was recorded on Feb 14, 2021 (over 2 years). Comparatively, the current price is -89.40% lower than the all-time high price.
What is the all-time low for Synthetix Network (SNX)?
The lowest price paid for Synthetix Network (SNX) is $0.034786397307, which was recorded on Jan 06, 2019 (over 4 years). Comparatively, the current price is 8,556.70% higher than the all-time low price.
What is the market cap of Synthetix Network (SNX)?
Market capitalization of Synthetix Network (SNX) is $966,307,761 and is ranked #47 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SNX tokens (320 Million tokens are tradable on the market today).
What is the fully diluted valuation of Synthetix Network (SNX)?
The fully diluted valuation (FDV) of Synthetix Network (SNX) is $968,488,098. This is a statistical representation of the maximum market cap, assuming the maximum number of 320 Million SNX tokens are in circulation today. Depending on how the emission schedule of SNX tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Synthetix Network compare against its peers?
With a price increase of 19.70% in the last 7 days, Synthetix Network (SNX) is outperforming the global cryptocurrency market which is down -0.90%, while outperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Synthetix Network today?
The community is bullish as more than 97% of users are feeling good about Synthetix Network (SNX) today.
How to add Synthetix Network (SNX) to MetaMask?
Adding Synthetix Network (SNX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SNX as a token. You can copy SNX’s contract address (0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f) and import it manually, or if you've installed MetaMask's chrome extension, add SNX to MetaMask with one click on CoinGecko.
Add SNX to MetaMask.