Synnax is the first SEI-backed digital dollar on the SEI blockchain, offering users the ability to tokenize assets such as $iSEI and $SEI to issue $syUSD.
Our mission is to enhance financial efficiency by empowering users to leverage their yield-bearing tokens to mint and borrow synthetic dollars. This process unlocks previously inaccessible capital, enabling users to take out dollar-pegged loans and use $syUSD across a variety of applications within the ecosystem. By integrating this innovative solution, we aim to provide greater flexibility and financial opportunities for users while strengthening the overall DeFi infrastructure on SEI.
Where is Synnax Stablecoin available for purchase?
You can exchange SYUSD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Synnax Stablecoin is DragonSwap V2, notably the SYUSD/WSEI pair, which saw a trading volume of $ 613,088 in the past day. Additionally, Jellyverse and Sailor are popular alternatives for trading tokens.
What is the highest value Synnax Stablecoin (SYUSD) has ever reached?
Synnax Stablecoin (SYUSD) reached its peak price at 1.41 $ on 05 December 2024, approximately 8 months ago ago. Presently, the current price is -30.17% lower than this all-time high.
What is the historical minimum price for Synnax Stablecoin (SYUSD)?
The minimum price reached for Synnax Stablecoin (SYUSD) was 0.7906 $, documented on 09 January 2025, more than 7 months ago. In comparison, the current price is 24.51%, it above this historical low.
What is the fully diluted valuation of Synnax Stablecoin (SYUSD)?
The fully diluted valuation (FDV) of Synnax Stablecoin (SYUSD) stands at $ 1,98 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SYUSD tokens. The realization of this FDV might take several years depending on the emission schedule of SYUSD tokens.