Synthetix Network Price, Live Chart & Market Cap

Synthetix Network (SNX): Enabling Zero-Slippage Trading and Crypto Derivatives

Name: Synthetix Network
Brand: Synthetix Network
SKU: SNX
Price: 0.694573 USD
Availability: InStock

Overview of Synthetix Network

Synthetix Network aims to revolutionize decentralized finance by allowing synthetic assets on Ethereum. Its stakers lock SNX to back a wide range of Synths. Through oracles and pooled collateral, Synthetix Network delivers deep liquidity and zero-slippage trades, forming a powerful DeFi integration.

Synthetix Network: Synthetic Assets for DeFi

Utility & Use Cases SNX

Staking and Collateral

• Stake SNX to mint sUSD • Earn trading fees from synthetic markets • Secure the protocol by backing Synth liquidity

Liquidity and Rewards

• Provide sUSD liquidity in DeFi pools • Benefit from cross-protocol collaborations • Access yield farming opportunities on L2

Governance

• Vote on proposals via the Spartan Council • Shape new Synth additions • Influence reward mechanisms

Broad Asset Exposure

• Trade synthetic assets pegged to commodities or currencies • Hedge price movements with inverse Synths • Access new markets without custodial risk

Staking Crypto Incentives

• Earn sUSD fees from trades • Combine staking with other DeFi strategies • Grow positions with consistent reward distributions

Synthetix Network Technologies Overview

Smart Contract Architecture

Upgradeable contracts on Ethereum secure SNX collateral and manage synthetic assets. The design enables swift feature improvements.

Decentralized Price Feeds

Chainlink oracles update market prices frequently, ensuring accurate synthetic asset valuation and mitigating oracle manipulation.

Layer-2 Expansion

Deployed on Optimism and Arbitrum, Synthetix Network lowers gas costs and boosts speed, making frequent trades more accessible.

Zero-Slippage Trades

Users swap Synths directly with the protocol’s global debt pool. This ensures fixed oracle-driven pricing without order books.

Analytics and Charts

Track Synth volumes and SNX staking data through community dashboards. Gain real-time insights into overall trading performance.

Funding

Synthetix Network began as Havven in early 2018, raising around $30 million through a token sale. Its initial offering was divided into a pre-sale, private sale, and public sale. After rebranding, the project continued development and drew additional open-market support from various crypto-focused funds.

Roadmap

Layer-2 Integration

Optimism and Arbitrum expansions to lower fees and improve user experience. Future plans may extend to other rollups for broader access.

Synthetix V3 Rollout

A modular upgrade supporting new collateral and a more flexible architecture, plus streamlined staking and cross-network connectivity.

Enhanced Perpetual Futures

Additional leveraged products with reduced slippage. Focus on deeper markets and new asset classes.

Governance Refinements

Further decentralization through Spartan Council elections and improved voting processes. Community-driven proposals shape upcoming features.

Synthetix Network Security & Audit Reports

Synthetix Network has undergone multiple audits by firms such as Sigma Prime and iosiro. It mitigates oracle risk by using decentralized Chainlink feeds. Ongoing bug bounties and a cautious upgrade process help maintain robust security for stakers and traders.

FAQ

What is Synthetix Network?

It’s a protocol that uses SNX as collateral to mint synthetic assets representing real-world and crypto markets.

Why stake SNX?

Staking SNX allows you to earn a share of trading fees and helps secure Synthetix Network’s global debt pool.

How to stake SNX?

Use the official Synthetix staking dApp. Lock your SNX, maintain the collateral ratio, then collect weekly fees in sUSD.

How to bridge to Optimism?

Transfer SNX from Ethereum to Optimism using a supported bridging dApp. This reduces gas costs for trading and staking.

Is there a risk of liquidation?

Yes. If your collateral ratio falls too low, you can be partially liquidated to maintain system health.

Which wallets work with Synthetix?

Any Web3 wallet like MetaMask, Ledger, or Trezor. Just connect and switch to the correct network.

What assets can I trade?

You can access synthetic USD, ETH, BTC, commodities, and more. Inverse Synths offer short exposure, all with zero-slippage swaps.

Top Crypto Exchanges to Trade Synthetix Network (SNX)

#	Exchange	Pair	Price	24h Volume
1	Binance	SNX/USDT	~$1.6	$7,649,679
2	WhiteBIT	SNX/USDT	~$1.61	$5,602,808
3	LBank	SNX/USDT	~$1.6	$2,017,518
4	Bitget	SNX/USDT	~$1.61	$1,461,059
5	XT.COM	SNX/USDT	~$1.6	$2,377,906
6	Biconomy.com	SNX/USDT	~$1.61	$1,119,416
7	Bybit	SNX/USDT	~$1.61	$1,114,448
8	Azbit	SNX/USDT	~$1.6	$657,170
9	BYDFi	SNX/USDT	~$1.6	$1,475,058
10	OKX	SNX/USDT	~$1.61	$1,388,260
11	DigiFinex	SNX/USDT	~$1.61	$829,521
12	CoinW	SNX/USDT	~$1.6	$712,470
13	HTX	SNX/USDT	~$1.6	$992,892
14	KuCoin	SNX/USDT	~$1.6	$325,438
15	Coinbase Exchange	SNX/USD	~$1.6	$564,206
16	Coinbase Exchange	SNX/EUR	~$1.55	$519,773
17	Hotcoin	SNX/USDT	~$1.6	$3,156,451
18	Luno	SNX/MYR	~$7.21	$316,828
19	Slex	SNX/USDT	~$1.61	$532,834
20	LATOKEN	SNX/USDT	~$1.6	$230,894
21	DeGate	0XC011A73E.../0XA0B86991...	~$1.6	$82,597
22	Bitci TR	SNX/USDT	~$1.6	$583,184
23	Coinbase Exchange	SNX/GBP	~$1.31	$283,990
24	Phemex	SNX/USDT	~$1.61	$288,197
25	Uniswap V3 (Optimism)	0X8700DAEC.../0X42000000...	~$0.00049	$775,354
26	BitMart	SNX/USDT	~$1.6	$391,009
27	BTSE	SNX/USDT	~$1.61	$225,115
28	Trubit	SNX/USDT	~$1.61	$566,939
29	Velodrome SlipStream	0X0B2C639C.../0X8700DAEC...	~$0.62	$577,462
30	Binance	SNX/TRY	~$57.04	$193,526
31	QMall	SNX/USDT	~$1.6	$364,993
32	BitDelta	SNX/USDT	~$1.6	$197,323
33	Azbit	SNX/BTC	~$0.000016	$426,669
34	Dex-Trade	SNX/USDT	~$1.61	$181,009
35	PointPay	SNX/USDT	~$1.6	$196,804
36	Hibt	SNX/USDT	~$1.6	$104,146
37	WhiteBIT	SNX/BTC	~$0.000016	$99,125
38	Coinstore	SNX/USDT	~$1.6	$235,906
39	Aerodrome (Base)	0X22E6966B.../0X833589FC...	~$1.6	$143,348
40	bitcastle	SNX/USDT	~$1.6	$113,375
41	CoinEx	SNX/USDT	~$1.61	$73,662
42	BitStorage	SNX/USDT	~$1.6	$73,552
43	AscendEX (BitMax)	SNX/USDT	~$1.61	$147,277
44	Kraken	SNX/XBT	~$0.000016	$83,781
45	Coinbase Exchange	SNX/BTC	~$0.000016	$41,435
46	Bitso	SNX/USD	~$1.59	$20,919
47	Uniswap V3 (Ethereum)	0XC011A73E.../0XC02AAA39...	~$0.00048	$26,831
48	Tapbit	SNX/USDT	~$1.6	$21,042
49	Velodrome Finance V2 (Optimism)	0X0B2C639C.../0X8700DAEC...	~$0.62	$10,673.02
50	Uniswap V3 (Polygon)	0X50B728D8.../0X0D500B1D...	~$3.6	$6,021.93
51	Mercado Bitcoin	SNX/BRL	~$9.64	$2,119.37
52	Velodrome Finance	0X8700DAEC.../0X7F5C764C...	~$1.6	$2,305.51
53	QMall	SNX/BTC	~$0.000016	$1,130.57
54	Luno	SNX/XBT	~$0.000016	$637.84
55	Uniswap V3 (Optimism)	0X8700DAEC.../0X7F5C764C...	~$1.59	$264.37
56	BVOX	SNX/USDT	~$1.59	$1,052,195
57	Ourbit	SNX/USDT	~$1.6	$961,193
58	Deepcoin	SNX/USDT	~$1.61	$567,441
59	Bitunix	SNX/USDT	~$1.61	$571,236
60	BTCC	SNX/USDT	~$1.61	$3,496,083
61	MEXC	SNX/USDT	~$1.61	$292,183
62	Gate.io	SNX/USDT	~$1.61	$479,689
63	CoinCatch	SNX/USDT	~$1.6	$479,902
64	CEX.IO	SNX/USDT	~$1.6	$139.26
65	Pionex	SNX/USDT	~$1.6	$64,766
66	P2B	SNX/USDT	~$1.61	$149,908
67	TokoCrypto	SNX/USDT	~$1.6	$1,540.8
68	Koinpark	SNX/USDT	~$1.6	$37,291
69	Kraken	SNX/USD	~$1.6	$176,630
70	BingX	SNX/USDT	~$1.61	$108,846
71	FameEX	SNX/USDT	~$1.6	$398,838
72	CoinTR	SNX/USDT	~$1.6	$76,402
73	P2B	SNX/USD	~$1.6	$42,987
74	Bitvavo	SNX/EUR	~$1.55	$100,469
75	CEX.IO	SNX/USD	~$1.6	$880.97
76	Icrypex	SNX/USDT	~$1.59	$287,422
77	Tokenize	SNX/SGD	~$2.18	$183,267
78	Tokenize	SNX/USD	~$1.59	$183,318
79	Binance	SNX/BTC	~$0.000016	$115,739
80	Bit2Me	SNX/EUR	~$1.54	$63,035
81	Kraken	SNX/EUR	~$1.54	$56,521
82	EarnBIT	SNX/USDT	~$1.6	$133,070
83	WOO X	SNX/USDT	~$1.6	$1,485.06
84	HitBTC	SNX/USDT	~$1.61	$27,700
85	FMFW.io	SNX/USDT	~$1.6	$26,769
86	Bitazza	SNX/USDT	~$1.61	$279,362
87	HashKey Global	SNX/USDT	~$1.6	$14,857.51
88	BloFin	SNX/USDT	~$1.6	$34,224
89	MEXC	SNX/ETH	~$0.00049	$8,347.86
90	Coinmetro	SNX/USDT	~$1.6	$2.0000000076
91	WEEX	SNX/USDT	~$1.59	$1,665.82
92	Crypto.com Exchange	SNX/USD	~$1.61	$16,494.97
93	Bitkub	SNX/THB	~$54	$107,033
94	OKX	SNX/USDC	~$1.58	$1,580.79
95	Uniswap V2 (Ethereum)	0XC011A73E.../0XC02AAA39...	~$0.00048	$19,711.41
96	Crypto.com Exchange	SNX/USDT	~$1.61	$7,394.3
97	Foxbit	SNX/BRL	~$9.62	$6,669.46
98	ProBit Global	SNX/USDT	~$1.61	$21,325
99	CEX.IO	SNX/USDC	~$1.61	$16.23
100	CEX.IO	SNX/EUR	~$1.56	$17.1