How is the price of Synthetix (SNX) calculated?
The price of Synthetix (SNX) is calculated in real-time by aggregating the latest data across 117 exchanges and 164 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.7% | 0.5% | 8.0% | 7.1% | 27.6% | 66.1% |
|
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$101,921,288 |
|---|---|
|
Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
1.0 |
|
Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
2.58 |
|
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$102,046,615 |
|
Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
2.58 |
|
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$14,101,119 |
|
Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$39,524,379 |
|
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
344,516,234
Available Supply
344,939,867
Token sale escrow contract
(0x971e)
- 423,633
Est. Circulating Supply
344,516,234
|
|
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
344,939,867 |
|
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
344,939,867 |
| 24h Range | $0.2844 – $0.3009 |
|---|---|
| 7d Range | $0.2851 – $0.3339 |
| All-Time High |
$28.53 99.0%
Feb 14, 2021 (about 5 years)
|
| All-Time Low |
$0.03479 750.2%
Jan 06, 2019 (about 7 years)
|
Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet. Synthetix uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability. The protocol’s liquidity is provided by the Synthetix Liquidity Provider (SLP) vault and backstopped by staked SNX collateral, which underwrites the issuance of the sUSD stablecoin and the solvency of the SLP vault.
Synthetix Mainnet Perps offer the only hybrid model combining off-chain speed with on-chain finality on Ethereum. The system supports multi-collateral margining—including yield-bearing assets like wstETH—so traders can earn yield while using collateral to trade. Orders are private, protecting trader strategies, while SLP vault depositors supply liquidity and share in fees. Staked SNX acts as a backstop to the SLP vault, ensuring solvency even under extreme market conditions.
Synthetix was founded in 2017 by Kain Warwick under the name Havven (HAV) before rebranding to Synthetix in 2018. It began as a synthetic-asset protocol on Ethereum and evolved into one of the earliest large-scale DeFi systems. Synthetix pioneered staking-backed liquidity and yield incentives that helped catalyze “DeFi Summer.” Governance later transitioned to the Spartan Council, a seven-member elected body that oversees upgrades and risk parameters. The protocol’s latest phase brings its derivatives markets back to Ethereum with improved capital efficiency and privacy.
Upcoming development focuses on expanding Synthetix Mainnet Perps liquidity, collateral options, and integrations. New yield-bearing assets such as sUSDe and cbBTC will be supported as margin, and additional market types will launch following governance approval. The Spartan Council continues to iterate on fee distribution and SLP vault parameters to optimize liquidity and risk. Long-term plans include extending Synthetix’s hybrid on-chain/off-chain architecture to additional market types, reinforcing Ethereum Mainnet as the home for decentralized derivatives.
SNX functions as the backbone of Synthetix’s liquidity system. Staked SNX collateralizes sUSD and the SLP vault, providing the capital that powers all perpetual futures markets. In exchange, stakers earn yield from real trading fees rather than inflation, directly sharing in the protocol’s revenue. If market conditions cause a deficit, staked SNX can be slashed to cover losses, ensuring solvency for traders and liquidity providers. SNX stakers also elect community seats for the Spartan Council, the entity which governs the Synthetix protocol.
SNX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Synthetix is OKX, where the most active trading pair SNX/USDT has a trading volume of $242,799.40 in the last 24 hours. Other popular options include Bybit and Binance.
The trading volume of Synthetix (SNX) is $14,101,119.16 in the last 24 hours, representing a 14.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.
Synthetix (SNX) reached an all-time high of $28.53 and an all-time low of $0.03479. It’s now trading -99.00% below that peak and 750.20% above its lowest price.
Market capitalization of Synthetix (SNX) is $101,921,288 and is ranked #260 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SNX tokens (340 Million tokens are tradable on the market today).
The fully diluted valuation (FDV) of Synthetix (SNX) is $102,046,615. This is a statistical representation of the maximum market cap, assuming the maximum number of 340 Million SNX tokens are in circulation today. Depending on how the emission schedule of SNX tokens are designed, it might take multiple years before FDV is realized.
With a price decline of -8.00% in the last 7 days, Synthetix (SNX) is underperforming the global cryptocurrency market which is down -5.70%, while underperforming when compared to similar GMCI Index cryptocurrencies which are down -3.30%.
Adding Synthetix (SNX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SNX as a token. You can copy SNX’s contract address (0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f) and import it manually, or if you've installed MetaMask's chrome extension, add SNX to MetaMask with one click on CoinGecko.
Add SNX to MetaMask.
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
|
$0.29478204 | 0.07% | $10,571 | $49,371 | $242,799 | 1.72% |
Recently
|
||
| 2 |
CEX
|
$0.29432873325962797312 | 0.1% | $33,432 | $37,161 | $209,888 | 1.49% |
Recently
|
||
| 3 |
CEX
|
$0.2946193079838482705538927197700669194303632456005 | 0.08% | $3,852 | $3,097 | $251,777 | 1.79% |
Recently
|
||
| 4 |
CEX
|
$0.2939412 | 0.34% | $44,186 | $43,796 | $1,151,327 | 8.16% |
Recently
|
||
| 5 |
CEX
|
$0.29512176799585781304 | 0.1% | $8,203 | $12,564 | $253,808 | 1.8% |
Recently
|
||
| 6 |
CEX
|
$0.29502691745351843772 | 0.17% | $48,535 | $54,574 | $121,435 | 0.86% |
Recently
|
||
| 7 |
CEX
|
$0.2950 | 0.34% | $58,497 | $58,003 | $230,354 | 1.63% |
Recently
|
||
| 8 |
CEX
|
$0.29503818421152779017196560687862427540985628758394988197 | 0.47% | $66,403 | $65,795 | $729,915 | 5.17% |
Recently
|
||
| 9 |
CEX
|
$0.294928588014912541 | 0.44% | $804 | $1,980 | $474,476 | 3.36% |
Recently
|
||
| 10 |
CEX
|
$0.2948 | 0.34% | $14,078 | $24,627 | $39,366.00 | 0.28% |
Recently
|
||
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