Projects

Synthetix - Logo

Synthetix(SNX)

Derivatives
Price
~$1.8274
Live
ATH
$27.09
3.4y ago
ATL
$0.7446
4.2y ago
Chains
Ethereum - Logo
OP Mainnet - Logo
2 chains

7d price-5.3%

30d price-7.7%

90d price-39.1%

180d price-42.5%

Learn more

What is Synthetix?

Synthetix is a non-custodial derivatives exchange protocol built on Ethereum. Synthetix was founded by Kain Warwick and launched in 2017.

How does Synthetix work?

Overcollateralized borrowers deposit funds into Synthetix and mint synthetic assets.

Who governs Synthetix?

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.

Related posts

RevenueSynthetix's share of trading fees$100Allows users to trade synthetic assetsFeesTrading fees$100Traders
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.