#166

Synthetix Network

SNX
0.00001942 BTC
$1.82
24h: +2.06% 7d: -10.97%
All Time High $28.53 Feb 14, 2021
24h
$1.76 $1.87
24h Volume $38.02M

Price Chart

About Synthetix Network

Synthetix Network (SNX)

The Synthetix Network is a pioneering decentralized finance (DeFi) protocol that enables the creation and trading of synthetic assets on various blockchain ecosystems, including Ethereum, Avalanche, Polygon, Near Protocol, Fantom, Harmony, Optimism, and Base. By leveraging the power of smart contracts, Synthetix allows users to gain exposure to a multitude of assets without needing to hold the underlying assets themselves.

Key Features

  • Decentralized Exchange (DEX): Synthetix operates as a DEX, providing users with a trustless environment to trade synthetic assets.
  • Governance: SNX token holders have the ability to participate in governance decisions, influencing the future direction and features of the platform.
  • Yield Farming: Users can stake their SNX tokens to earn rewards, enhancing their returns through yield farming mechanisms.
  • Derivatives: The platform allows the creation of derivatives, providing users with innovative trading options on various asset classes.
  • Synthetic Issuer: Synthetix allows users to issue synthetic assets that track the value of real-world assets, facilitating seamless trading.

Investment and Ecosystem Integration

Synthetix is part of several prominent portfolios and indices, including DWF Labs Portfolio, Paradigm Portfolio, Coinbase Ventures Portfolio, and the Index Coop Defi Index. Its integration across multiple ecosystems such as the Energi Ecosystem and Huobi ECO Chain Ecosystem further enhances its utility and reach within the DeFi landscape.

As a vital component of the growing DeFi sector, Synthetix Network (SNX) continues to innovate and expand, catering to the increasing demand for decentralized trading solutions and synthetic asset creation.

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Categories

Decentralized Exchange (DEX) Exchange-based Tokens Decentralized Finance (DeFi) Governance Yield Farming Derivatives Synthetic Issuer Avalanche Ecosystem Polygon Ecosystem Near Protocol Ecosystem Fantom Ecosystem Harmony Ecosystem Ethereum Ecosystem Optimism Ecosystem Base Ecosystem DWF Labs Portfolio Paradigm Portfolio Coinbase Ventures Portfolio Index Coop Defi Index Energi Ecosystem Huobi ECO Chain Ecosystem GMCI DeFi Index Synthetic Index Coop Index GMCI Index

Market Data

Rank
#166
Market Cap
$625.82M
Volume
$38.02M
Circulating Supply
339.47M SNX
Total Supply
339.89M SNX
Max Supply
339.89M SNX

Additional Information

Genesis Date
2018-03-11
24h Market Cap Change
$12.65M
24h Market Cap Change %
2.06%