What is Synthetix (SNX)?

Synthetix is a decentralized protocol for derivatives and synthetic assets, serving as a core liquidity layer for decentralized finance (DeFi). It enables the creation and trading of collateral-backed synthetic assets and perpetual futures, offering users exposure to real-world assets through decentralized derivatives. Collateral, typically the SNX token or other supported assets, is staked to back the issuance of synthetic assets known as Synths, which mirror the value of underlying assets such as cryptocurrencies, commodities, and indices. Prices are maintained by decentralized oracles, while Synthetix operates with onchain settlement and offchain order matching, enabling perpetual futures trading while maintaining non-custodial custody of user assets on Ethereum Mainnet.

#17 SynthetixSNX

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Project name: Synthetix
Token name: Synthetix Network Token
Ticker: SNX

What is Synthetix ?: Synthetix is a decentralized protocol for derivatives and synthetic assets, serving as a core liquidity layer for decentralized finance (DeFi). It enables the creation and trading of collateral-backed synthetic assets and perpetual futures, offering users exposure to real-world assets through decentralized derivatives. Collateral, typically the SNX token or other supported assets, is staked to back the issuance of synthetic assets known as Synths, which mirror the value of underlying assets such as cryptocurrencies, commodities, and indices. Prices are maintained by decentralized oracles, while Synthetix operates with onchain settlement and offchain order matching, enabling perpetual futures trading while maintaining non-custodial custody of user assets on Ethereum Mainnet.

Categories: DeFiDEXHybrid order book (onchain settlement + offchain matching)

Initial circulating supply: 100,000,000 SNX
Initial total supply: 100,000,000 SNX

Circulating supply: 344,516,234 SNX
Total supply: 344,939,867 SNX
Max supply: ∞

Initial market cap: $45,000,000
Initial fully diluted market cap: $45,000,000

Market cap: $112,621,295
Fully diluted market cap: $112,759,780

Project name: Synthetix
Token name: Synthetix Network Token
Ticker: SNX

What is Synthetix ?: Synthetix is a decentralized protocol for derivatives and synthetic assets, serving as a core liquidity layer for decentralized finance (DeFi). It enables the creation and trading of collateral-backed synthetic assets and perpetual futures, offering users exposure to real-world assets through decentralized derivatives. Collateral, typically the SNX token or other supported assets, is staked to back the issuance of synthetic assets known as Synths, which mirror the value of underlying assets such as cryptocurrencies, commodities, and indices. Prices are maintained by decentralized oracles, while Synthetix operates with onchain settlement and offchain order matching, enabling perpetual futures trading while maintaining non-custodial custody of user assets on Ethereum Mainnet.

Categories: DeFiDEXHybrid order book (onchain settlement + offchain matching)

Initial circulating supply: 100,000,000 SNX
Initial total supply: 100,000,000 SNX

Circulating supply: 344,516,234SNX
Total supply: 344,939,868SNX
Max supply: ∞

Initial market cap: $45,000,000
Initial fully diluted market cap: $45,000,000

Market cap: $112,621,296
Fully diluted market cap: $112,759,780