Coins: 10053 Exchanges: 1099 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Synthetix Network price

Synthetix Network Price (SNX)

$3.04

5.52%
Rank #71

Synthetix Network Price Chart (SNX/USD)

Last updated 28 May 2024, 03:40AM UTC. Currency in USD.

Market Cap
$995,822,663
Volume (24h)
$50,849,409
Change
5.52%
Circulating Supply
327,769,196
All Time High
$29
Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance SNX / USDT $2.60 0.04% $16,709,071
2 BTSE SNX / USD $2.60 0.35% $4,847,778
3 Binance SNX / BUSD $3.24 0.06% $3,506,078
4 XT.COM SNX / USDT $2.58 0.04% $3,437,880
5 OKX SNX / USDT $2.57 0.04% $3,436,083
6 GokuMarket SNX / BTC $2.56 0.30% $2,916,378
7 Coinstore SNX / USDT $2.60 0.27% $2,428,068
8 Coinbase Exchange SNX / USD $2.59 0.12% $2,050,785
9 Digifinex SNX / USDT $2.58 0.12% $1,795,286
10 Huobi Global SNX / USDT $2.59 0.12% $1,633,510
11 Tidex SNX / USDT $2.60 0.06% $1,332,399
12 BtcTurk PRO SNX / TRY $2.61 0.15% $1,287,616
13 KuCoin SNX / USDT $2.60 0.04% $1,012,734
14 Bitget SNX / USDT $2.58 0.07% $891,339
15 BitMart SNX / USDT $2.57 0.32% $885,911
16 P2PB2B SNX / USDT $2.59 0.08% $864,445
17 QMall SNX / USDT $2.59 0.33% $768,046
18 Binance SNX / BTC $1.56 0.22% $729,866
19 Dex-Trade SNX / USDT $2.59 0.23% $689,990
20 Phemex SNX / USDT $2.59 0.04% $550,719
21 CoinW SNX / USDT $2.59 0.15% $519,276
22 BingX SNX / USDT $2.60 0.38% $466,510
23 Gate.io SNX / USDT $2.61 0.03% $387,041
24 Kraken SNX / USD $2.41 0.12% $373,877
25 Bitvavo SNX / EUR $2.60 0.13% $361,116
26 AscendEX (BitMax) SNX / USDT $2.59 1.19% $347,524
27 Poloniex SNX / USDT $2.61 0.46% $347,372
28 Fameex SNX / USDT $2.59 0.04% $322,995
29 Bitrue SNX / BUSD $2.76 1.01% $286,245
30 P2PB2B SNX / USD $2.60 0.23% $286,100
31 Bybit (Spot) SNX / USDT $2.59 0.24% $268,427
32 CoinTR SNX / USDT $2.58 0.27% $265,345
33 MEXC Global SNX / USDT $2.59 0.04% $262,732
34 Coinsbit SNX / USDT $2.56 0.06% $253,175
35 BtcTurk PRO SNX / USDT $2.60 0.23% $240,415
36 Bitci SNX / USDT $2.61 0.69% $212,254
37 Poloniex SNX / BTC $2.61 0.34% $205,867
38 Bitkub SNX / THB $2.57 0.25% $201,787
39 Bithumb SNX / KRW $2.64 0.47% $190,895
40 LBank SNX / USDT $2.56 0.18% $190,708
41 Bitrue SNX / USDT $2.60 0.12% $134,594
42 Tidex SNX / BUSD $2.59 0.39% $114,626
43 Coinbase Exchange SNX / BTC $2.46 0.36% $113,355
44 Kraken SNX / EUR $2.52 0.09% $96,489
45 Bitstamp SNX / USD $2.58 0.17% $95,228
46 Tidex SNX / BTC $2.60 0.32% $88,046
47 Deepcoin SNX / USDT $2.59 0.15% $86,870
48 Dex-Trade SNX / BTC $2.44 0.60% $79,422
49 Bitazza SNX / USDT $2.54 0.35% $78,951
50 LATOKEN SNX / USDT $2.51 0.63% $67,172

SNX Price Statistics

$3
24H Range
$3
  • Synthetix Network Price Now $3
  • 24h Low / 24h High $3 / $3
  • Trading Volume $50,849,409
  • Market Cap Rank #101
  • Market Cap $995,822,663
  • Volume / Market Cap 0.0511
  • All-Time High $29 -89.35%
    Feb 14, 2021
  • All-Time Low $0 8,633.82%
    Jan 06, 2019
Homepage:
www.synthetix.io
Explorers:
etherscan.io ethplorer.io blockchair.com hecoinfo.com polygonscan.com snowtrace.io ftmscan.com scan.meter.io ftmscan.com avascan.info
Forum:
Chat:
discordapp.com
Announcement:
blog.synthetix.io
Social:
Twitter Reddit
Bitcointalk:
Github:
Synthetixio/synthetix Synthetixio/synthetix-js

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Synthetix Network: Revolutionizing the World of Cryptocurrency

Introduction

The Synthetix Network is a game-changing cryptocurrency platform that is poised to transform the way we think about digital assets. Powered by blockchain technology, Synthetix is creating a decentralized ecosystem that enables users to trade and create synthetic assets, providing exposure to real-world assets without the need for intermediaries.

What is Synthetix Network?

Synthetix Network is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. Its primary offering is Synths, which are synthetic assets that mirror the price movements of various real-world assets like stocks, commodities, and currencies. These synths can be traded without any middlemen, enabling users to access a wide range of assets instantly, 24/7.

This innovative platform aims to bridge the gap between traditional financial markets and the world of cryptocurrencies, allowing users to gain exposure to conventional assets without the complexities typically associated with traditional investing.

How does it work?

The Synthetix Network operates by utilizing its native token, SNX, and smart contracts to facilitate the creation, trading, and maintenance of synths. SNX holders can stake their tokens as collateral, enabling them to generate and trade various synths underpinned by the value of their collateral.

The collateralized SNX tokens create a pool of value, facilitating the minting of synths. This decentralized model ensures that there are always enough assets backing each synth, thus preserving their value and integrity.

Traders can utilize these synths to speculate on future price movements or to hedge their positions, all within the Synthetix ecosystem. This innovative approach allows for seamless and efficient trading, bypassing traditional financial intermediaries.

Benefits and Advantages

The Synthetix Network offers several notable advantages:

  • Decentralized: Built on the Ethereum blockchain, Synthetix eliminates the need for intermediaries, creating a peer-to-peer trading environment.
  • Global Access: Synthetix allows anyone with an internet connection to trade and gain exposure to a vast array of assets, irrespective of geographical boundaries.
  • 24/7 Market: Unlike traditional markets with limited trading hours, Synthetix enables users to trade synths at any time, providing flexibility and accessibility.
  • Diverse Asset Classes: Synthetix offers a wide range of synthetic assets, encompassing stocks, commodities, indices, and cryptocurrencies, giving users a diversified portfolio in one platform.
  • No Counterparty Risk: Traders on Synthetix do not have to rely on counterparties to settle trades, reducing the risk of default or fraud.

Conclusion

The Synthetix Network is revolutionizing the cryptocurrency space by providing a decentralized platform for creating and trading synthetic assets. This game-changing approach bridges the gap between traditional and digital finance, offering users unlimited access to a diverse range of assets in a streamlined and secure manner. With its innovative blockchain technology and the potential for financial growth, Synthetix is shaping the future of finance, one synthetic asset at a time.