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Synthetix Network Token

SNX

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Market

Market stats

Market cap

$1.2B

Volume (24h)

$54.2M

Circulating supply

327.8M SNX

Typical hold time

23 days

Popularity

#81

All time high

$29.00

Price change (1h)

-0.93%

Price change (24h)

-9.12%

Price change (7d)

-21.22%

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.

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Social

Some highlights about Synthetix Network Token on social media

713 unique individuals are talking about Synthetix Network Token and it is ranked #334 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 3.1 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 21.82% of tweets with bullish sentiment compared to 5.45% of tweets with a bearish sentiment about Synthetix Network Token. 72.73% of tweets were neutral about Synthetix Network Token. These sentiments are based on 110 tweets.

On Reddit, Synthetix Network Token was mentioned in 30 Reddit posts and there were 60 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.

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Overview

Contributors

713 people

Volume rank

#334

Average Sentiment

3.1 out of 5

Twitter

Reddit

Posts

30

Comments

60

Post Score

186

Comment Score

200

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 0.93% in the last hour and decreased by 9.12% in the past 24 hours. Synthetix Network Token’s price has also fallen by 21.22% in the past week. The current price is $3.72 per SNX with a 24-hour trading volume of $54.25M. Currently, Synthetix Network Token is valued at 87.16% 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 $1.23B. 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 $54.25M.

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 23 days.

What is the relative popularity of Synthetix Network Token?

Synthetix Network Token ranks 91 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.

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