SNX
$0.64

Synthetix (SNX) Price

$0.64
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Synthetix (SNX) Price Today

The live price of Synthetix is $0.64 USD. In the past 24 hours, the trading volume of Synthetix was $24.1M USD, with a change of -2.81%. The current live price of Synthetix has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $339,889,850.09 SNX, the market cap of Synthetix is currently $220.9M USD, marking a -68.82% change in the last 24 hours. Synthetix currently ranks 177 by market capitalization.

Synthetix (SNX) Market Data

Market Cap
$219.1M
24h Volume
$24.1M
Circulating Supply
339.8M SNX
Maximum Supply
339.8M SNX
Fully Diluted Market Cap
$219.4M
Liquidity Indicator
11.02%
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About Synthetix (SNX)

$SNX, or the Synthetix Network Token, is the native cryptocurrency associated with the Synthetix protocol. Operating on the Ethereum blockchain, this utility token serves multiple functions within the Synthetix ecosystem. SNX holders can utilize their tokens for staking, providing collateral to mint synthetic assets, participating in governance through voting mechanisms, and receiving rewards in the form of sUSD and SNX inflation.


SNX addresses key challenges in the financial landscape. It enables the creation of synthetic assets, allowing traders to gain exposure to a diverse array of financial instruments, including traditional securities and cryptocurrencies. This offers a solution for those seeking a broader investment portfolio without direct ownership. Additionally, Synthetix tackles the demand for decentralized derivatives markets, providing platforms for trading perpetual futures and options. This feature empowers users to engage in derivatives trading with leverage in a decentralized manner.

$SNX Tokenomics and Risks


SNX serves as collateral when staked, facilitating the minting of synthetic assets and creating liquidity for trading synths. Stakers are incentivized with rewards, including sUSD and SNX inflation. SNX holders also participate in the governance of the Synthetix protocol through community voting, influencing decision-making processes.
However, there are inherent risks. The value of SNX is subject to market volatility, impacting the value of staked collateral and associated rewards. Regulatory considerations may affect the project, as evidenced by adjustments made, such as abandoning certain synths. Ongoing and future regulatory developments could influence the project's trajectory. The success of Synthetix relies on widespread user adoption and acceptance of decentralized synthetic assets, with market trends and competition playing a significant role. Finally, being an Ethereum-based protocol, Synthetix faces smart contract risks, including vulnerabilities and potential exploits that could compromise its integrity.

Information source

Official WebsiteWhitepaper

Synthetix (SNX) Price Converter

SNX to USD
1 SNX = $ 0.64
SNX to VND
1 SNX = ₫ 16,771.13
SNX to EUR
1 SNX = € 0.57
SNX to TWD
1 SNX = NT$ 19.41
SNX to IDR
1 SNX = Rp 10,613.75
SNX to PLN
1 SNX = zł 2.43
SNX to UZS
1 SNX = so'm 8,373.02
SNX to JPY
1 SNX = ￥ 92.79
SNX to RUB
1 SNX = ₽ 51.96
SNX to TRY
1 SNX = ₺ 24.91
SNX to THB
1 SNX = ฿ 21.19
SNX to UAH
1 SNX = ₴ 26.86
SNX to SAR
1 SNX = ر.س 2.42
Synthetix Price Converter

How to Buy Synthetix (SNX)

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Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.
Fund Your Account
Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.
Trade Now
Now that your account is funded, you can seamlessly trade Synthetix SNX and other cryptocurrencies while exploring BingX’s diverse trading features!
How to Buy SNX Guide

Frequently Asked Questions about Synthetix (SNX)

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.