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Market data as of 44 min. ago

Synthetix

SNX · Market cap rank 291

$0.215▼ −9.5%

Price history

Last three years · Low $0.1977 · High $4.78▼ −89.7%

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Key figures

Market cap
$74.1M
Fully diluted
$73.1M
24h volume
$11M
Circulating supply
344,516,234 SNX
Total supply
581,404,224 SNX
Max supply
339,889,850 SNX
FDV to market cap
0.99×

Above 1 means supply is still being issued

Supply issued
100.0 %

Circulating share of the maximum

Listed since
Mar 14, 2018

Change

1h
▼ −1.7%
24h
▼ −9.5%
7d
▼ −10.9%
30d
▲ +3.0%

How this coin behaves

Measured from 1200 days of daily closes. These describe what the price has done, not what it will do.

30-day volatility
0.8 %

Standard deviation of daily moves, annualised

Typical day
1.8 %

Median daily move over 90 days

Days closing higher
40 %

Over the last 365 days

Best day
▲ +20.4%

Jun 27, 2026

Worst day
▼ −16.7%

Oct 15, 2025

Deepest drawdown
▼ −96.3%

Mar 25, 2024 to Aug 18, 2026

Below its high
▼ −95.5%

High of $5.11 on Mar 25, 2024

Correlation with BTC
0.66

Daily moves over 90 days, −1 to +1

Base rates and derivatives positioning

How often this coin has actually managed a move of a given size in 30 days, and how the perpetual market is positioned right now.

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Base rates turn a price target into a frequency: how often a move that size has happened before.

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Where it came from

Kain Warwick started this in 2017 as Havven, a stablecoin project, and rebuilt it in 2018 as Synthetix when the more interesting idea turned out to be synthetic exposure to any asset. It has since rewritten its own architecture more times than almost any protocol of its age.

What it does

Synthetix lets stakers back synthetic assets that track a price feed. Rather than holding the underlying, stakers collectively take the other side of every position, earning fees and carrying the aggregate risk. Later versions moved toward being a liquidity layer that other trading front ends draw on.

What moves the price

  • The collateralisation ratio required of stakers, which governance adjusts and which determines how much can be minted against a given stake.
  • Trading fees generated by the front ends that use its liquidity, which is what stakers are paid from.
  • The aggregate position of traders, since stakers are the counterparty and profit when traders lose.
  • Inflationary staking rewards, which have funded participation and been reduced by governance over time.

A description of how this asset works, not advice about holding it. Figures above update with the market data; this text is reviewed by hand. Reviewed Sep 3, 2026

About Synthetix

Synthetix (SNX) is a cryptocurrency launched in 2018and operates on the Ethereum platform. Synthetix has a current supply of 581,404,223.55566318 with 344,516,234.45728825 in circulation. The last known price of Synthetix is 0.2276146 USD and is down -5.56 over the last 24 hours. It is currently trading on 740 active market(s) with $9,962,405.87 traded over the last 24 hours. More information can be found at https://www.synthetix.io/.

Links

Prediction markets on Synthetix

Open prediction markets whose question turns on Synthetix. Prices update with the rest of the site.

No open prediction market mentions this coin right now. That is a statement about the market, not about the coin.

Browse live odds

AI scan

What is moving the Synthetix price right now — researched with sources, not a price target.

Every scan uses one of your research credits.

Common questions

What is Synthetix (SNX)?

Kain Warwick started this in 2017 as Havven, a stablecoin project, and rebuilt it in 2018 as Synthetix when the more interesting idea turned out to be synthetic exposure to any asset. It has since rewritten its own architecture more times than almost any protocol of its age. Synthetix lets stakers back synthetic assets that track a price feed. Rather than holding the underlying, stakers collectively take the other side of every position, earning fees and carrying the aggregate risk. Later versions moved toward being a liquidity layer that other trading front ends draw on.

How volatile is Synthetix?

Over the last 30 days, Synthetix has an annualised volatility of 0.8 %. The median daily move across the last 90 days is 1.8 %. Both describe what the price has done, not what it will do.

What is the biggest drawdown Synthetix has had?

Across the daily closes on file, the deepest peak-to-trough fall is 96 %, from 2024-03-25 to 2026-08-18. The highest close in that window is $5.11 on 2024-03-25.

What moves the Synthetix price?

The collateralisation ratio required of stakers, which governance adjusts and which determines how much can be minted against a given stake. Trading fees generated by the front ends that use its liquidity, which is what stakers are paid from. The aggregate position of traders, since stakers are the counterparty and profit when traders lose. Inflationary staking rewards, which have funded participation and been reduced by governance over time.

What is the market cap of Synthetix?

Synthetix has a market capitalisation of $74.1 million, ranking 291st by market cap. The figure updates with the market data on this page.

Other coins in DeFi

Each of these has its own page with the same figures and history.

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