Synthetix Network Token
Price
$1.51 (3%)
All Time High
$28.53 (-95%)
Market Cap
$494,052,423
Volume (24h)
33,316,642
Circulating Supply
327,769,196 SNX
Max Supply
328,193,104 SNX
Synthetix Network Token's price today is $1.51 USD, with a 24-hour trading volume of $33,316,642 USD. SNX is up 3.36% in the last 24 hours. Synthetix Network Token is currently ranked #163 with a market capitalization of $494,052,423 USD.
Synthetix Network was created in 2018 by Kain Warwick and the Synthetix Foundation on the Ethereum Network. In 2020 Synthetix quickly gained traction as one of the most important Decentralized Finance projects, overtaking popular projects like Compound, Maker DAO, and Dharma.
The network was originally designed as a decentralized payment network under the name of Havven and was powered by the HAV stablecoin. As time passed on, the team behind the project decided that the project could expand its scope, renaming it "Synthetix Network" in the process.
Now, the platform is focused on creating synthetic tokens, effectively allowing users to bet on the price of a cryptocurrency without the need to hold it. This can be done by collateralizing the newly minted synthetic token with Synthethix’s token: SNX.
The SNX token can also be used to earn rewards by staking using the “exchange rewards” and “staking reward” mechanisms, incentivizing users to hold their tokens and creating scarcity as a result.
Check out our in-depth article on "What is Synthetix Network Token (SNX)" to learn more about it.
On February 14th, 2021 01:12:38 AM, Synthetix Network Token hit a historic high of $28.53 USD. It has been about 4 years ago since Synthetix Network Token reached its peak.
On January 6th, 2019 12:00:00 AM, Synthetix Network Token reached a bottoming price of $0.0347864000 USD. About 6 years ago has passed Synthetix Network Token has seen such a low price.
Synthetix Network Token
at
$15.63
on
Jan 20, 2021
Congrats to Synthetix for launching SNX #staking on optimistic Ethereum L2 mainnet. This marks a huge next step not only for Synthetix, but the entire Ethereum ecosystem, as OΞ is the first scaling solution with full cross-layer porting capabilities for smart contracts without rewriting them. blog.synthetix.io/...unch/
A guide on how to migrate your SNX to OΞ on L2!
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