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Synthetix Network Price (SNX)
$2.08
0.84%
Synthetix Network Price Chart (SNX/USD)
Last updated 30 Sep 2023, 15:47PM UTC. Currency in USD.
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
- Synthetix Network Price Now $2
- 24h Low / 24h High $2 / $2
- Trading Volume $17,748,613
- Market Cap Rank #54
- Market Cap $674,515,845
- Volume / Market Cap 0.0263
-
All-Time High
$29 -92.70%
Feb 14, 2021 -
All-Time Low
$0 5,884.99%
Jan 06, 2019
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.