Synthetix Network Token logo

Synthetix Network Token

SNX

Trade Synthetix Network Token today

Create a Coinbase account to buy and sell Synthetix Network Token on the most secure crypto exchange.

Market

Market stats

Market cap

$921.5M

Volume (24h)

$106.3M

Circulating supply

327.8M SNX

Typical hold time

24 days

Popularity

#87

All time high

$29.00

Price change (1h)

-1.23%

Price change (24h)

-11.15%

Price change (7d)

-29.36%

About Synthetix Network Token

Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralised synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. The protocol currently supports synthetic fiat currencies, cryptocurrencies, and commodities.

Synthetix (SNX) is a decentralized liquidity provisioning protocol that aims to broaden the cryptocurrency space by introducing non-blockchain assets. It is built on Optimism and Ethereum mainnet and is collateralized by SNX, ETH, and LUSD. This collateralization enables the issuance of synthetic assets (Synths) that track and provide returns on the underlying asset without requiring one to directly hold the asset. SNX tokens are used as collateral for the synthetic assets that are minted, meaning that whenever synths are issued, SNX tokens are locked up in a smart contract.

News about Synthetix Network Token

Messari • Apr 08, 24

Synthetix Q1 2024 Brief

After the first full year of Perps V2, perp trading on V2 in Q1’24 continued to see strong traction and drive meaningful fees to stakers. The first quarter marked the fourth consecutive quarter of volumes over $11 billion and fees to stakers over $9 million. Beyond managing V2, much of the focus ...

Read more

News Article Image

DL News • Mar 15, 24

Kain Warwick tests Optimism’s fees after Dencun with massive 64,000-person airdrop

Synthetix's founder, Kain Wawrick, explores the impact of the Dencun upgrade with a 64,000-person airdrop on Optimsim.

Read more

News Article Image

The Block • Jan 24, 24

Synthetix deploys first perpetuals protocol on Base blockchain

Synthetix, a decentralized crypto derivatives marketplace, has deployed V3 of its perpetuals contracts protocol on Base.

Read more

News Article Image

Synthetix Team • Sep 20, 23

SNXweave Weekly Recap 107

September 20, 2023The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week.👉TLDRstETH/ETH, ZRX, and UMA perpetual futures markets were added to Synthetix PerpsV3...

Read more

News Article Image

Synthetix Team • Sep 13, 23

SNXweave Weekly Recap 106

September 13, 2023The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week.👉TLDRV3 core system: several minor, technical SIPs are in the release processPerps V3

Read more

News Article Image

Synthetix Team • Aug 05, 23

Partner Volume Rewards for Synthetix Perps Integrators

The Partner Volume Rewards for Synthetix Perps Integrators is a program designed to reward Synthetix integrators who drive volume through the Synthetix protocol.

Read more

News Article Image

Related Assets

People also view

People who viewed Synthetix Network Token tend to also view the following cryptocurrencies.

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Synthetix Network Token in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Social

Some highlights about Synthetix Network Token on social media

668 unique individuals are talking about Synthetix Network Token and it is ranked #230 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Synthetix Network Token has an average sentiment score of 3.4 out of 5. Finally, Synthetix Network Token is becoming more newsworthy, with 0 news articles published about Synthetix Network Token. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Synthetix Network Token. There were 42.54% of tweets with bullish sentiment compared to 7.46% of tweets with a bearish sentiment about Synthetix Network Token. 50% of tweets were neutral about Synthetix Network Token. These sentiments are based on 228 tweets.

On Reddit, Synthetix Network Token was mentioned in 113 Reddit posts and there were 225 comments about Synthetix Network Token. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

668 people

Volume rank

#230

Average Sentiment

3.4 out of 5

Twitter

Reddit

Posts

113

Comments

225

Post Score

221

Comment Score

237

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Synthetix Network Token is on the decline this week.

The price of Synthetix Network Token has decreased by 1.23% in the last hour and decreased by 11.15% in the past 24 hours. Synthetix Network Token’s price has also fallen by 29.36% in the past week. The current price is $2.79 per SNX with a 24-hour trading volume of $106.32M. Currently, Synthetix Network Token is valued at 90.40% below its all time high of $29.00. This all-time high was the highest price paid for Synthetix Network Token since its launch.

The current circulating supply of Synthetix Network Token is 327,769,196.14 SNX which means that Synthetix Network Token has as total market cap of 327,769,196.14.

FAQ

What is the current price of Synthetix Network Token?

We update our Synthetix Network Token to USD currency in real-time. Get the live price of Synthetix Network Token on Coinbase.

What is the market cap of Synthetix Network Token?

The current market cap of Synthetix Network Token is $921.46M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Synthetix Network Token?

The all-time high of Synthetix Network Token is $29.00. This all-time high is highest price paid for Synthetix Network Token since it was launched.

What is the 24 hour trading volume of Synthetix Network Token?

Over the last 24 hours, the trading volume of Synthetix Network Token is $106.32M.

What other assets are similar to Synthetix Network Token?

Assets that have a similar market cap to Synthetix Network Token include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Synthetix Network Token are there?

The current circulating supply of Synthetix Network Token is 328 million.

What is the typical holding time of Synthetix Network Token?

The median time that Coinbase customers hold Synthetix Network Token before selling it or sending it to another account or address is 24 days.

What is the relative popularity of Synthetix Network Token?

Synthetix Network Token ranks 88 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Synthetix Network Token?

Currently, 66% of Coinbase users are buying Synthetix Network Token. In other words, 66% of Coinbase customers have increased their net position in Synthetix Network Token over the past 24 hours through trading.

Can I buy Synthetix Network Token on Coinbase?

Yes, Synthetix Network Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Synthetix Network Token guide.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.