Market Cap (Mcap)
Rank
#151Mcap
$695.23MFully Diluted Mcap
$696.10MSupply
Circulating
339,466,217Total
339,889,850.089Created On
Mar 11th, 2018All Time High (ATH)
ATH
$28.53ATH Change
-92.82%ATH Date
Feb 14th, 2021Total Value Locked (TVL)
TVL
$393.10MMCap to TVL Ratio
1.77FDV to TVL Ratio
1.77
Your Daily Summary of Everything Important
Never miss a minute! Get crypto, defi, and macro recaps sent to your inbox.
Fastest growing newsletter in crypto - read today's!
Synthetix Network Chart
Price
Volume
Market Cap
Other coins
Weekly Reports: A Deep Dive into Crypto and NFT alphas
If you're looking to keep up with the fast-moving world of crypto and NFTs, The Alpha Report has got you covered.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHALearn about Synthetix Network
Synthetix Network News
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,...