Synthetix is a decentralized synthetic asset issuance protocol built on Ethereum and Optimism. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths)

Synthetix NetworkSNX
Live Synthetix Network price updates and the latest Synthetix Network news.
price
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$0.511
$0
(0%)
24h low
$0.48
24h high
$0.53
The live Synthetix Network price today is $0.51 with a 24-hour trading volume of $14.51M. The table above accurately updates our SNX price in real time. The price of SNX is down -0.52% since last hour, down -2.30% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $175.68M. SNX has a circulating supply of 343.47M coins and a max supply of 343.89M SNX.
about Synthetix Network
What is Synthetix Network?
Synthetix Network Stats
What is the market cap of Synthetix Network?
The current market cap of Synthetix Network is $175.44M. A high market capitalization implies that the asset is highly valued by the market.
What is the current trading activity of Synthetix Network?
Currently, 28.41M of SNX were traded within 24 hours of time. In other words, $14.51M have changed hands within the past 24 hours through trading. That's a change of -2.30%.
What is the current price of Synthetix Network?
The price of 1 Synthetix Network currently costs $0.51.
How many Synthetix Network are there?
The current circulating supply of Synthetix Network is 343.47M. This is the total amount of SNX that is available.
What is the relative popularity of Synthetix Network?
Synthetix Network (SNX) currently ranks 287 among all known cryptocurrency assets. The popularity is based on relative market cap.
market data
$ 175.44M
-2.30 %
#287
$ 14.51M
340,000,000
recent research
Research
Kamino has evolved into a full-stack asset scaling suite with V2: unlocking new markets, improving capital efficiency, and catering to various risk profiles. We believe it is best positioned to become the credit backbone of Solana as the ecosystem matures. Simply put, KMNO remains our highest-conviction bet in the Solana ecosystem. This report lays out our thesis.
Research
Meta-aggregators like Titan and Kamino Swap improve price execution for users, making the Solana swapping landscape more competitive. Jupiter has incorporated meta-aggregation features into its latest routing engine to keep users on its front end (own the user, own the flow). At large, teams are treating swaps as a commoditized complement, offering incredibly cheap or free swaps to own the end-user and increase demand for high-margin product offerings (multi-product DeFi). On another note, the divergence in the concentration of aggregator volume between DEXs suggests increased specialization at the DEX layer by asset type.