SNX Live Price Data & Key Metrics
The current price of Synthetix (SNX) is $0.5765 USD**, with a market capitalization of **$198.01M USD. Prices update in real-time across major exchanges.
SNX Price Performance vs. USD
Track SNX's price fluctuations across different timeframes:
| Timeframe | Price Change (USD) | Percentage Change |
|---|---|---|
| 24 hours | -$0.014297 | -2.42% |
| 30 days | -$0.1189 | -17.10% |
| 60 days | -$0.0703 | -10.87% |
| 90 days | -$0.1089 | -15.89% |
Key Observations:
- Short-term volatility: -17.10% over 30 days.
- Longer trends: Downward movement persists across 60/90-day periods.
SNX Market Overview
| Metric | Value |
|---|---|
| 24h Trading Volume | $583.35K |
| Circulating Supply | 343.84M SNX |
| All-Time High (ATH) | $28.9291 |
👉 Discover how SNX compares to top DeFi assets
What Is Synthetix (SNX)?
Synthetix is a decentralized finance (DeFi) protocol enabling on-chain exposure to synthetic assets (synths). These synths track real-world assets (e.g., crypto, commodities, forex) without direct ownership, leveraging Ethereum’s blockchain for security and transparency.
Core Features:
- Synthetic liquidity: Trade synths with minimal slippage.
- Staking rewards: SNX holders earn fees by collateralizing the network.
- Decentralized governance: Community-driven protocol upgrades.
SNX Tokenomics & Use Cases
SNX fuels the Synthetix ecosystem through:
- Collateralization: Backing synths’ value.
- Staking: Earn inflation rewards and trading fees.
- Governance: Vote on protocol changes.
👉 Deep dive into SNX's token economics
SNX Price Prediction & Historical Trends
While past performance doesn’t guarantee future results, SNX’s price history reveals patterns tied to:
- DeFi adoption cycles
- Ethereum network upgrades
- Synthetix protocol developments
Note: Always conduct independent research before investing.
How to Buy SNX
Step-by-Step Guide:
- Choose an exchange: Compare fees and security features.
- Fund your account: Use fiat or crypto deposits.
- Trade: Convert USD/ETH to SNX via spot markets.
- Secure storage: Transfer to a hardware wallet for long-term holds.
SNX FAQs
1. What drives SNX’s price?
- DeFi demand, staking yields, and Ethereum ecosystem health.
2. Is SNX a good investment?
- Assess your risk tolerance; crypto is highly volatile.
3. Where can I stake SNX?
- Via Synthetix’s dApp or supported DeFi platforms.
4. What’s SNX’s max supply?
- 212.52M tokens (current circulating supply: 343.84M).
5. How does Synthetix differ from other DeFi projects?
- Focus on synthetic assets with deep liquidity pools.
6. Can I short SNX?
- Yes, on exchanges offering margin or derivatives trading.
Risks & Disclaimer
Cryptocurrencies involve high market risk. Consider:
- Price volatility: SNX may fluctuate rapidly.
- Regulatory changes: DeFi faces evolving legal frameworks.
- Smart contract risks: Audits reduce but don’t eliminate vulnerabilities.
This content is informational only—not financial advice.