Synthetix (SNX) Price Overview
Current Price:
- 0.0002 ETH
- 0.00000524 BTC
- 24h Range: $0.5683 – $0.6053
- Market Cap: $195,730,352 (4.85% change)
- Fully Diluted Market Cap: $193,692,296
- 24h Trading Volume: $3,688,061 (32.57% change)
- Circulating Supply: 339,889,850 SNX
- Max Supply: 343,889,850 SNX
👉 Trade SNX with low fees on trusted platforms
Top Synthetix (SNX) Markets
| Rank | Exchange | Trading Pair | Price (USD) | 24h Volume | Market Share |
|------|----------|-------------|------------|------------|-------------|
| 1 | Huobi Global | SNX/USDT | $0.5692 | $654,956 | 17.76% |
| 2 | Binance | SNX/USDT | $0.5701 | $639,526 | 17.34% |
| 3 | LBank | SNX/USDT | $0.5702 | $311,904 | 8.46% |
| 4 | Gate.io | SNX/USDT | $0.5703 | $177,527 | 4.81% |
| 5 | Bybit | SNX/USDT | $0.5713 | $142,721 | 3.87% |
Key Insights:
- USDT pairs dominate: Over 50% of SNX trading volume involves Tether (USDT).
- Liquidity hubs: Huobi and Binance collectively account for ~35% of SNX trades.
Cryptocurrencies Similar to Synthetix
While Synthetix (SNX) specializes in synthetic assets and decentralized finance (DeFi), consider these alternatives:
- Chainlink (LINK): Oracle networks for smart contracts.
- Aave (AAVE): Decentralized lending/borrowing platform.
- Uniswap (UNI): Leading DEX for token swaps.
👉 Explore DeFi tokens with high growth potential
FAQ
Where can I buy Synthetix (SNX)?
SNX is available on major exchanges like Binance, Huobi Global, and Gate.io. Always verify the exchange’s regulatory compliance in your region.
What is Synthetix used for?
SNX powers the Synthetix protocol, enabling users to mint and trade synthetic assets (e.g., commodities, stocks) on Ethereum.
How do I store SNX securely?
Use hardware wallets (Ledger, Trezor) or reputable software wallets (MetaMask, Trust Wallet) for long-term storage.
Why does SNX price fluctuate?
Market demand, DeFi adoption, and Ethereum network conditions heavily influence SNX’s volatility.
Can I stake SNX?
Yes! Synthetix offers staking rewards for users who collateralize SNX to back synthetic assets.
Is Synthetix a good investment?
While SNX has strong DeFi utility, conduct independent research and assess risk tolerance before investing.
Final Tips for SNX Traders
- Diversify: Avoid concentrating funds on a single exchange.
- Monitor gas fees: Ethereum network congestion can impact transaction costs.
- Stay updated: Follow Synthetix’s official announcements for protocol upgrades.