Synthetix

Perpetuals · DAO

SNX#328Mcap $80.47M

$0.252124hLast close

Performance

Cycle lowCycle rangeAll-time high

$0.1615$28.27

All-time high$28.27−99.4% · Feb 14, 2021

Cycle low$0.1615+2.8% · Nov 5, 2026

Volatility (30D)67.0%

Volatility (1Y)80.5%

Sharpe ratio (1Y)-1.65

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Converter

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At the live price.

Metrics

Market

Market cap$80.47M

Fully diluted value$96.60M

Volume (24h)$12.27M

Circulating supply344.52M SNX

Max supply581.40M SNX

Mcap / FDV83.3%

Dominance0.002%

Turnover (24h)7.58%

Rank#328

Sector rank#1 · Derivatives

Trading

Markets244

Exchanges53

Trading sinceDec 5, 2018

Derivatives

Open interest$19.08M

Funding (OI-weighted)-0.0002%

Funding (volume-weighted)-0.0003%

Futures volume (24h)$61.04M

Futures trades (24h)253,288

Liquidity

Buy depth (−2%)$2.77M

Sell depth (+2%)$2.52M

Spot pairs counted70

Order-book depth within 2% of the price, summed across spot pairs.

Classification

SectorDeFi

Sub-sectorPerpetuals · Decentralized Exchange

EcosystemOptimism

NetworksPolygon · Ethereum · Fantom · Avalanche · Optimism · HECO

Across Cryp2Nova

Protocol TVL$873.4K

Held by treasuries and funds5 positions

Recent events

Named holder entered the top 1000 · Beefy FinanceNov 7, 2026

Named holder entered the top 1000 · BloFinNov 7, 2026

Named holder entered the top 1000 · GateNov 7, 2026

Named holder entered the top 1000 · "cryptomacro" on GalxeNov 6, 2026

Named holder entered the top 1000 · CoinWNov 6, 2026

Named holder entered the top 1000 · Gate DepositNov 5, 2026

Named holder entered the top 1000 · OkxNov 5, 2026

Social activity

Accounts mentioning it

24h2

7 days6

30 days14

Share of voice15.23%

Share-of-voice rank#129

Links

WebsiteWebsite

ResourcesWhitepaper Documentation Github

SocialDiscord LinkedIn Reddit Telegram X

ContentBlog Medium

ExplorerEtherscan

Contracts

Ethereum88.3K0xc011…af2a6f

Top markets

Supply

59.3% in circulationmax 581,404,224

Circulating supply344,516,234 SNX

Total supply581,404,224 SNX

Remaining to issue236,887,989 SNX

Unlocked100.0%

Latest news

Key facts

LaunchedMar 13, 2018

CategoryMarketplaces

SectorDerivatives

TagsPerpetualsDecentralized ExchangeDAODeFiDerivativesGovernance Token

Synthetix in numbers

Synthetix (SNX) ranks #328 by market capitalization, at $80.47M. It belongs to the DeFi sector (Perpetuals). It has traded since Dec 5, 2018, across 244 markets on 53 exchanges, with $12.27M of volume in the last 24 hours. Its all-time high of $28.27 was reached on Feb 14, 2021; the current price is 99.4% below that peak. Its cycle low of $0.161472 came on Nov 5, 2026.

344.52M SNX are in circulation. 6 investors are recorded as backers, including Coinbase Ventures, Alliance, Framework Ventures. Development data lists 18 core developers and 56,485 code commits. On Ethereum, 87,870 addresses hold SNX. It is available on 9 networks.

About Synthetix

Synthetix is a perpetual futures exchange on Ethereum Mainnet that uses off-chain order matching and on-chain settlement. It supports multi-collateral margin, with liquidity provided by SLP depositors and SNX stakers.

Background

Synthetix is a perpetual futures exchange built on Ethereum Mainnet. It uses off-chain order matching on a high-performance central limit order book (CLOB) combined with on-chain settlement to provide low-latency execution and deep liquidity secured by Ethereum. Traders maintain self-custody and transparency while accessing performance comparable to centralized venues.

Liquidity for all markets is supplied through the Synthetix Liquidity Provider (SLP) vault, which holds sUSD deposits that collateralize protocol liquidity. SNX stakers act as the system’s backstop, earning a portion of trading fees in exchange for assuming protocol risk. The protocol is governed by the Spartan Council, a seven-member body that manages upgrades, parameters, and incentives. Originally launched in 2017 as Havven (HAV), Synthetix has evolved into an on-chain perpetuals exchange focused on Ethereum Mainnet.

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