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How to Buy Synthetix Network Token
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About Synthetix Network Token
Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralised synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. The protocol currently supports synthetic fiat currencies, cryptocurrencies, and commodities.
Buy Synthetix Network TokenHappening now
AI generated 9h ago
SNX has dropped ↘17% in a single day and ↘25% over the past week, with traders watching whether the DeFi token can find stability after these sharp declines.
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10/23/2025, 2:13:10 AM
Trading Insights
Buyer Ratio
50%0%
Traders
268
-20.47%
Buyers
133
-5.67%
Sellers
157
-29.91%
Searched
524
Market Stats
Market Cap
$443.37M
-11.41%
FDV
$438.75M
Circ. Supply
343M SNX
Max Supply
340M SNX
Total Supply
344M SNX
Diluted Valuation
$444.00M
Performance
Popularity
#118
Dominance
0.01%
Volume (24H)
$107.79M
-41.17%
Volume (7D)
$1.28B
Volume (30D)
$5.75B
All time high
$29.00
Price Change (1Y)
-14.56%
Additional details
Market details
SNX vs markets
↘ 46.58%
SNX vs BTC
↘ 48.25%
SNX vs ETH
↘ 43.28%
Tags
services
decentralized-exchange-dex-token
defi
derivatives
+10
Network & Addresses
Network | Address | |
|---|---|---|
Base | 0x22e6966B799c4D5B13BE962E1D117b56327FDa66 | |
Ethereum | 0xC011a73ee8576Fb46F5E1c5751cA3B9Fe0af2a6F | |
Polygon | 0x50B728D8D964fd00C2d0AAD81718b71311feF68a | |
Avalanche C-Chain | 0xBeC243C995409E6520D7C41E404da5dEba4b209B |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.30 | ↘ 11.39% |
1 Day | $1.46 | ↘ 11.39% |
1 Week | $1.66 | ↘ 22.18% |
1 Month | $0.62 | ↗ 109.24% |
1 Year | $1.51 | ↘ 14.56% |
Coinbase insights
Happening now
AI generated 9h ago
SNX has dropped ↘17% in a single day and ↘25% over the past week, with traders watching whether the DeFi token can find stability after these sharp declines.
Sharp price declines hit SNX
SNX has fallen ↘17% in the past day and ↘25% over the week, representing significant short-term losses for the decentralized finance token.
Trading volume shows mixed signals
While SNX's trading volume remains below the broader market average, onchain data reveals that trading activity is becoming more concentrated among fewer, larger participants rather than widespread retail activity.
Recent trends
The latest SNX price is $1.30. Compared to Synthetix Network Token's value of $1.46 from 24 hours ago, there's been a -11% decrease, while the current price is -22% down from $1.66 which was recorded one week ago. Synthetix Network Token's all time high is $29.00, which was reached on February 14, 2021. This is a -96% change from its price today.
The current circulating supply of Synthetix Network Token is 343,466,217. This is 101% of its max supply of 339,889,850 SNX and 100% of its total supply of 343,889,850. The market cap is currently $443.37M, which is a result of multiplying the current price of Synthetix Network Token($1.30) by the total supply(343,889,850 SNX). The fully diluted valuation of Synthetix Network Token is $438.75M. The diluted valuation of Synthetix Network Token is $438.75M.
Synthetix Network Token had 133 buyers, 157 sellers and total 268 trades in the last 24h. Synthetix Network Token was searched 524 times in the last 24h.
FAQ
Synthetix (SNX) is a decentralized liquidity provisioning protocol designed to expand the cryptocurrency ecosystem by introducing synthetic assets that represent non-blockchain-based assets. Built on both the Ethereum mainnet and Optimism, Synthetix is collateralized by SNX, ETH, and LUSD. This collateralization allows for the issuance of synthetic assets (Synths) that mirror the value of underlying assets without requiring direct ownership. SNX tokens are locked in smart contracts as collateral whenever Synths are minted, enabling users to gain exposure to a variety of asset classes while maintaining a decentralized framework.
Synthetix operates by enabling users to stake their SNX tokens in a smart contract-based staking pool, which serves as collateral for minting synthetic assets (Synths). These Synths track the value of real-world assets, providing users with exposure to a broad range of financial instruments without holding the actual assets. Synthetix uses decentralized oracles to deliver accurate price data, ensuring Synths maintain their peg to the underlying assets. The protocol also migrated to Optimistic Ethereum to reduce gas fees and improve transaction speeds, enhancing the efficiency of Synth trading and minimizing latency for price updates.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Synthetix Network Token news
Trending articles
Social stats
Popularity in posts
#82
Contributors
395
Posts
1,050
% About Synthetix Network Token
0.205%
Articles
6
Hold times
0 days
X (Twitter)
76.07% bullish
Sentiment
4.0 ★
Highlights
395 unique individuals are talking about Synthetix Network Token and it is ranked #82 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Synthetix Network Token has an average sentiment score of 4.0 out of 5. Finally, Synthetix Network Token is becoming less newsworthy, with 6 news articles published about Synthetix Network Token.
On Twitter, people are mostly bullish about Synthetix Network Token. There were 77.78% of tweets with bullish sentiment compared to 2.25% of tweets with a bearish sentiment about Synthetix Network Token. 22.22% of tweets were neutral about Synthetix Network Token. These sentiments are based on 1181 tweets.
On Reddit, Synthetix Network Token was mentioned in 49 Reddit posts and there were 213 comments about Synthetix Network Token. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.