Equity Overview
Price & Market Data
Price: $0.639
Daily Change: +$0.0369 / 5.77%
Range: $0.589 - $0.645
Market Cap: $217,054,907
Volume: 1,611,105
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.