- #133
Synthetix Network Token SNX
SNX Price
Market Cap
$677.24 MRank #133FDV
$679.78 MRank #210Investors
X Followers
Detailed Performance
SNX shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SNX to USD Converter
Price History
- All-Time High
- $28.5614.28x to ATH
- All-Time Low
- $0.0324461.65x to ATL
- Trade Launch Date
- 6 Dec, 2018
2207 days ago
Fundraising
See more- ICO Price
- $0.67
- Funds Raised
- $65.38 M
- Tokens Sold
- 68.57 M SNX
Exchanges
Exchanges type
About SNX
The Synthetix Network Token (SNX) is the native token of the Synthetix protocol. It is used as collateral to back the issuance of synthetic assets on the platform. SNX holders can stake their tokens and earn rewards in the form of fees generated by the protocol. SNX also plays a role in the governance of the protocol, allowing token holders to participate in decision-making processes.
What makes Synthetix Network Token unique?
Synthetix Network Token (SNX) is unique compared to other cryptocurrencies for several reasons.
Firstly, SNX is the native token of the Synthetix protocol, which allows users to mint synthetic assets that track the value of real-world assets. This means that SNX is not just a currency, but also a key component of a decentralized synthetic asset issuance platform.
Secondly, SNX is used as collateral to back the synthetic assets minted on the platform. This collateralization mechanism ensures the stability and value of the synthetic assets.
Thirdly, SNX holders have the ability to participate in the governance of the protocol. They can vote on proposals and changes to the protocol, allowing them to have a say in the decision-making process.
Overall, SNX stands out from other cryptocurrencies due to its role in the synthetic asset ecosystem, its use as collateral, and its governance features.
Live Synthetix Network Token Price Data
The current price of Synthetix Network Token (SNX) is approximately $2.00, reflecting a decrease of -7.34% in the last 24 hours. The SNX trading volume in the last 24 hours stands at $33.94 million. Synthetix Network Token's market cap is currently $677.24 million, accounting for about 0.02% of the total crypto market cap. The circulating supply of SNX is 339.47 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Synthetix Network Token's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SNX, check out our crypto insights page.
Official Links
SNX to USD Converter
Price History
- All-Time High
- $28.5614.28x to ATH
- All-Time Low
- $0.0324461.65x to ATL
- Trade Launch Date
- 6 Dec, 2018
2207 days ago
Fundraising
See more- ICO Price
- $0.67
- Funds Raised
- $65.38 M
- Tokens Sold
- 68.57 M SNX