Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet. Synthetix uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability. The protocol’s liquidity is provided by the Synthetix Liquidity Provider (SLP) vault and backstopped by staked SNX collateral, which underwrites the issuance of the sUSD stablecoin and the solvency of the SLP vault.
Where is Synthetix available for purchase?
You can exchange SNX tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Synthetix is Binance, notably the SNX/USDT pair, which saw a trading volume of $ 9,70 MLN. in the past day. Additionally, OKX and Paribu are popular alternatives for trading tokens.
What is the highest value Synthetix (SNX) has ever reached?
Synthetix (SNX) reached its peak price at 28.53 $ on 14 February 2021, approximately 5 years ago ago. Presently, the current price is -96.58% lower than this all-time high.
What is the historical minimum price for Synthetix (SNX)?
The minimum price reached for Synthetix (SNX) was 0.03478 $, documented on 06 January 2019, more than 7 years ago. In comparison, the current price is 2,701.47%, it above this historical low.
What is the fully diluted valuation of Synthetix (SNX)?
The fully diluted valuation (FDV) of Synthetix (SNX) stands at $ 424,53 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 343,889,850.097 SNX tokens. The realization of this FDV might take several years depending on the emission schedule of SNX tokens.
How to add Synthetix (SNX) to MetaMask?
By integrating Synthetix (SNX) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import SNX as a token. You can either manually import SNX by copying its contract address (0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f) or use MetaMask's Chrome extension to add SNX with a single click through P.CASH.
How to add Synthetix (SNX) to TrustWallet?
Incorporating Synthetix (SNX) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include SNX, you can either manually import it using the contract address (0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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