What is Synthetix?
Synthetix allows users to bet on crypto assets, stocks, currencies, precious metals, and other assets in the form of ERC20 tokens.
Market Cap (Mcap)
Rank
#230Mcap
$149.50MFully Diluted Mcap
$149.61MSupply
Circulating
580,980,590Total
N/ACreated On
Mar 11th, 2018All Time High (ATH)
ATH
$28.53ATH Change
-99.1%ATH Date
Feb 13th, 2021Total Value Locked (TVL)
TVL
$845.46kMCap to TVL Ratio
176.85FDV to TVL Ratio
176.98Synthetix Chart
Price
Volume
Market Cap
Other coins
Learn about Synthetix
Synthetix News
Oct 15, 2025
Markets
Synthetix Price Is Up 190% in a Month—Here’s Why
The native token of derivatives protocol Synthetix, SNX, has posted staggering gains over the past month, rallying by 190% as anticipation builds for its upcoming perpetual decentralized exchange launch on the Ethereum mainnet. SNX is currently trading at $1.98, down 0.9% on the day and up 190.5% over the past 30 days, according to CoinGecko data. Synthetix is slated to launch the first perpetual DEX on the Ethereum mainnet in the fourth quarter of 2025, according to the project's September 22...
Apr 18, 2025
Coins
Synthetix’s sUSD Stablecoin Depegs to New Low of $0.66
Synthetix protocol’s sUSD stablecoin fell to a new low of $0.66 this week, over 30% below its intended $1 peg, extending a month-long depegging trend that has raised concerns about the protocol’s stability. “It is worth pointing out that sUSD is not an algo stable, it is a pure crypto collateralised stable,” Synthetix founder Kain Warwick wrote in an April 2 tweet thread. “The peg can and does drift but there are mechanisms to push it back in line... These mechanisms are being transitioned right...
Apr 14, 2022
Markets
Thorchain, Compound Lead DeFi Recovery With Double-Digit Gains
Some decentralized finance (DeFi) assets are defying the broader crypto market slump with significant gains, including Thorchain and Compound. THORchain (RUNE) is up over 17% in the last 24 hours, while Compound (COMP)—up 16% in the last day—has also gained over 11% in the last week. Synthetix Network, a decentralized synthetic asset issuance protocol, is also surging, posting over 12% gains in the last day. These price moves come amid a much more lethargic market for some of the industry’s b...
Oct 7, 2021
Technology
Synthetix Founder: DeFi Governance 'Pretty Terrible'
Decentralized finance (DeFi) has a governance problem. That's the view of Synthetix founder Kain Warwick, who took to the stage at Token2049 in London for a panel discussion on "DeFi: The Future of Finance." "It's this unspoken thing at the moment in the DeFi space," Warwick said, "where the governance infrastructure that we have is pretty terrible." Synthetix, a derivatives liquidity protocol that enables users to trade synthetic versions of stocks, currencies, commodities, and indices, has its...
Jul 6, 2021
Coins
Synthetix Up 26%, Leading Double-Digit Gains for DeFi Tokens
Decentralized finance (DeFi) tokens including Synthetix Network (SNX), Compound (COMP) and SushiSwap (SUSHI) are having a field day in terms of daily gains, leaving the rest of the crypto market in the dust. SNX, the native token of liquid synthetic assets platform Synthetix, is leading today’s DeFi gains parade so far. At press time, SNX is up 26.8% over the past 24 hours currently trading at around $12, according to crypto metrics platform CoinGecko. Last week, Synthetix developers also repor...
Sep 1, 2020
DeFi
Chainlink Now Powers All Price Data for DeFi Exchange Synthetix
Synthetix, the DeFi protocol for trading asset-pegged synthetic tokens on Ethereum, is solidifying its relationship with leading decentralized oracle provider Chainlink. Syhthetix announced today the full integration of Chainlink price oracles for all assets on the Synthetix exchange, including price feeds for all synthetic assets on the index. Synthetix had previously implemented Chainlink price oracles in commodities and forex Synths, but will now shift away from internally maintained oracles...
Aug 30, 2020
DeFi
Greed is Driving DeFi Boom: Founders at Smart Contract Summit 2020
The current explosion of decentralized finance (DeFi) is being driven by greed and its boom isn't sustainable, according to DeFi superstar and the creator of YFI, Andre Cronje. We should also be worried about the huge amounts of money being made with yield farming—and DeFi protocols becoming too big. These were some of the comments made by DeFi protocol at 2020’s Smart Contract Summit yesterday. “I think the reason there is such a massive influx of money right now is because people are making...
Jul 31, 2020
DeFi
Is decentralization the answer to DeFi's SEC problem?
The creators of the third and fourth largest DeFi (decentralized finance) protocols, Synthetix and Aave, this week took steps to further relinquish control over the networks to their token holders, ending their reign over the networks they have spent the last few years building. Decentralizing the network is a common card played by DeFi projects to give control to their users, who can use it to vote on the future of their network without having to rely on some centralized organization. Decentral...
Jul 24, 2020
DeFi
DeFi token Synthetix (SNX) gets listed on OKEx crypto exchange
Decentralized finance (DeFi) tokens are making their way to centralized exchanges, blurring the lines between competing ideologies in the world of crypto. Crypto exchange OKEx announced today the listing of Synthetix’ SNX token. The Synthetix DeFi protocol facilitates the issuance and trading of synthetic assets like cryptocurrencies, stocks, gold, and other real world assets using ERC20 tokens. The listing comes as DeFi takes the crypto world by storm—growing from a $1 billion industry to $3 b...
Jul 9, 2020
Coins
Binance just listed a DeFi token that's up 230% in a month
Crypto exchange Binance today announced the listing of Synthetix (SNX), the main token of Ethereum-based trading platform Synthetix Network. The token has been on a tear recently, having gained over 230% in the last 30 days. The latest listing will help to increase its trading volumes and make the coin more accessible to traders. #Binance Lists @synthetix_io $SNXhttps://t.co/ALyzB5POlC pic.twitter.com/gDDCEhRe9z — Binance (@binance) July 9, 2020 “Binance will list Synthetix (SNX) and open trad...
Apr 29, 2020
The Projects
What is Synthetix?
The trading of stocks, currencies, commodities, and other assets are still dominated by the likes of Wall Street, London, Hong Kong, and other traditional financial centers. Synthetix wants to bring that toolkit over into the decentralized, global, permission-less, and 24/7 world of crypto. Read on to discover how a crucial pivot in tokenomics turned Synthetix into one of the hottest DeFi products available. What is Synthetix? Synthetix allows users to bet on crypto assets, stocks, currencies,...