$2.14
24h:
+3.82%
7d:
-2.14%
30d:
+0.05%
180d:
-13.17%
ATH:
$28.53
ATL:
$0.0348
Market cap (circulating)
$691.81m
+2.44%
Revenue (30d)
$1.83m
-55.89%
Market cap (fully diluted)
$693.35m
+1.99%
Revenue (annualized)
$22.23m
-6.98%
Total value locked
$401.10m
+1.99%
P/F ratio (fully diluted)
30.74x
+106.0%
Trading volume (annualized)
$39.69b
-10.89%
P/S ratio (fully diluted)
30.74x
+106.0%
Fees (30d)
$1.83m
-55.89%
Treasury
$65.23m
-3.39%
Fees (annualized)
$22.23m
-6.98%
Active users (daily) (30d average)
289.83
-36.1%
Core developers (30d average)
28.77
+26.0%
Code commits (30d sum)
421
+2.9%
About
Synthetix is a non-custodial derivatives exchange protocol built on Ethereum. Synthetix was founded by Kain Warwick and launched in 2017.
Overcollateralized borrowers deposit funds into Synthetix and mint synthetic assets.
SNX tokenholders own and govern the protocol. They currently take all of the total trading fees paid by traders (revenue). Synthetix's investors include Paradigm, Framework Ventures, Coinbase Ventures, etc.
Metrics
| Growth rate | 24h | 7d | 30d | 90d | 180d | 365d |
|---|---|---|---|---|---|---|
| Market cap (fully diluted) | -2.4% | -0.4% | +2.0% | +6.3% | -13.2% | -8.3% |
| Fees | +63.8% | -9.2% | -55.9% | -10.3% | +99.2% | -25.8% |
In this episode of the Fundamentals podcast, we're joined by Kain Warwick, the founder of Synthetix – a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi.
In this episode of 15-minute fundamentals, we dive into the current state of Synthetix with core contributors Mike Griffith & Matt Losquadro.
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