SNX
Synthetix
SNX

Synthetix price

$0.2781
-- (--)
USD
Last updated on --.

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About Synthetix

SNX (Synthetix) is a decentralized finance (DeFi) protocol that enables users to trade synthetic assets, which are tokenized versions of real-world assets like stocks, commodities, and cryptocurrencies. Built on Ethereum, Synthetix uses smart contracts to create and manage these synthetic assets, allowing traders to gain exposure to various markets without owning the underlying assets. The SNX token is used to collateralize the system, incentivize participation, and govern the protocol through decentralized decision-making. Key use cases include trading synthetic assets, earning rewards by staking SNX, and participating in the platform's governance. Synthetix is known for its innovative approach to decentralized derivatives and its role in expanding access to global financial markets.
AI insights
DeFi
Official website
White Paper
Github
Block explorer
CertiK
Last audit: Jun 3, 2021, (UTC+8)

Synthetix’s recent prices

Past year
-63.56%
$0.76
3 months
-31.99%
$0.41
30 days
-12.52%
$0.32
7 days
-6.59%
$0.30

Synthetix performance

$0.2781

Synthetix price today

Synthetix price today is $0.2781, marking a +1.08% over the past 24 hours. On OKX, today’s Synthetix trading volume reached 28,091,374, worth over $7.81M.

$28.99

Synthetix all-time high

Synthetix achieved its all-time high price of $28.99 on Feb 14, 2021, (UTC+8). At today's price of $0.2781, Synthetix price is now -99.05% lower than its historic high.

$0.2781

Synthetix in USD

The current Synthetix to USD conversion rate is $0.2781 per Synthetix.
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Synthetix FAQ

Synthetix can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. Synthetix’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying Synthetix and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy Synthetix at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Synthetix SNX safely on a trusted exchange like OKX.
Currently, one Synthetix is worth $0.2781. For answers and insight into Synthetix's price action, you're in the right place. Explore the latest Synthetix charts and trade responsibly with OKX.
To read this Synthetix price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, Synthetix’s price is updated in real-time on our Synthetix price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Synthetix SNX. Refer here for a more detailed guide.
Staking and earning rewards with Synthetix are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.

Synthetix (SNX) is a decentralized protocol on the Ethereum blockchain that facilitates the creation of synthetic assets, known as "synths." These synths mimic the value of real-world assets like cryptocurrencies, commodities, and fiat currencies. By leveraging smart contracts, oracles, and the SNX token, Synthetix enables users to access various assets without owning them directly. This opens up a new horizon of financial opportunities within the decentralized finance (DeFi) space.

The SNX token plays a crucial role within the Synthetix ecosystem, serving multiple functions. Primarily, it acts as collateral to back the value of issued synths. Holders can lock their tokens as collateral and mint synths, earning a proportionate share of fees generated by the Synthetix protocol. Additionally, SNX token holders can participate in the protocol's governance, giving them a voice in decision-making processes.

Easily buy SNX tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include SNX/USDT and SNX/USDC. You can also swap your existing cryptocurrencies, including Bitcoin (BTC),Cardano (ADA), Tether (USDT), and USD Coin (USDC), for SNX with zero fees and no price slippage by using OKX Convert.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$95.81M #112
Circulating supply
344.52M / 344.94M
All-time high
$28.99
24h volume
$7.81M
Rating
0.0 / 5
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