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    Synthetix
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Synthetix - Logo

Synthetix (SNX)

Derivatives

Price

~$2.9096

Live

ATH

$27.09

3.2y ago

ATL

$0.7446

3.9y ago

Chains

Ethereum - Logo
OP Mainnet - Logo

2 chains

7d price -7.6%

30d price -36.4%

90d price -9.8%

180d price +23.5%

Learn more

What is Synthetix?

Synthetix is a non-custodial derivatives exchange protocol built on Ethereum. Synthetix was founded by Kain Warwick and launched in 2017.

How does Synthetix work?

Overcollateralized borrowers deposit funds into Synthetix and mint synthetic assets.

Who governs Synthetix?

SNX tokenholders own and govern the protocol. They currently take all of the total trading fees paid by traders (revenue). Synthetix's investors include Paradigm, Framework Ventures, Coinbase Ventures, etc.

Related posts

Synthetix V3, lessons learned, SNX staking, driving adoption | Kain Warwick | Fundamentals ep.62

In this episode of the Fundamentals podcast, we're joined by Kain Warwick, the founder of Synthetix – a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi.

15-minute fundamentals with Synthetix

In this episode of 15-minute fundamentals, we dive into the current state of Synthetix with core contributors Mike Griffith & Matt Losquadro.
RevenueSynthetix's share of trading fees$100Allows users to trade synthetic assetsFeesTrading fees$100Traders
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.

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