Equity Overview
Price & Market Data
Price: $0.657
Daily Change: +$0.00254 / 0.39%
Daily Range: $0.64 - $0.675
Market Cap: $225,722,917
Daily Volume: 2,900,869
Details
Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on Ethereum. It allows the creation and trading of synthetic assets collateralized by SNX, used for hedging, gaining exposure to diverse assets, and trading on the price movements of real-world assets. SNX stakers are incentivized to contribute to the network and capture fees generated from Synth exchanges, which determine the value of the SNX token.