Synthetix (SNX) — Price, About & FAQ
Synthetix (SNX) — Synthetix (SNX) is a DeFi crypto asset launched in 2018 operating on Perpetuals Liquidity Layer architecture. Designed as a pioneering decentrali...
About Synthetix (SNX)
- Category: DeFi
- Launch Year: 2018
- Consensus: Ethereum & Base Collateral Pool
- Supply Model: 327,769,196 SNX (Fixed)
- Network: Perpetuals Liquidity Layer
Synthetix (SNX) is a DeFi crypto asset launched in 2018 operating on Perpetuals Liquidity Layer architecture. Designed as a pioneering decentralized synthetic asset and perpetual futures liquidity engine across Ethereum, Optimism, and Base, the network secures state transitions through Ethereum & Base Collateral Pool.
From a tokenomics standpoint, SNX manages issuance via SNX and multi-collateral pools underwrite perp liquidity while routing trading fees to buybacks, with a supply profile defined by 327,769,196 SNX (Fixed). Primary ecosystem demand comes from perps v3 liquidity backing, multi-collateral staking, base & optimism derivatives, connecting network usage to token velocity and staking lockups.
On derivatives and market structure desks, traders track SNX liquidity depth, spot-vs-perp funding rate APR spreads, and multi-timeframe RSI momentum alongside correlated DeFi peers (AAVE, DYDX, OP, AERO) to gauge capital rotation.
Compare SNX 24h volume turnover, RSI momentum, and funding APR against AAVE and DYDX to identify relative-strength breakouts or overcrowding.
Frequently Asked Questions
What is Synthetix (SNX) and how does its network work?
Synthetix (SNX) is a DeFi crypto asset launched in 2018 operating on Perpetuals Liquidity Layer architecture. Designed as a pioneering decentralized synthetic asset and perpetual futures liquidity engine across Ethereum, Optimism, and Base, the network secures state transitions through Ethereum & Base Collateral Pool. Launched in 2018, SNX operates in the DeFi crypto sector.
What is Synthetix (SNX) max supply and consensus mechanism?
Synthetix relies on Ethereum & Base Collateral Pool consensus with a supply profile defined by 327,769,196 SNX (Fixed). From a tokenomics standpoint, SNX manages issuance via SNX and multi-collateral pools underwrite perp liquidity while routing trading fees to buybacks, with a supply profile defined by 327,769,196 SNX (Fixed). Primary ecosystem demand comes from perps v3 liquidity backing, multi-collateral staking, base & optimism derivatives, connecting network usage to token velocity and staking lockups.
What is the live SNX price and market capitalization today?
According to live exchange feeds on TraderMap, Synthetix (SNX) trades around live market price. Use the built-in converters to check SNX to USD, EUR, or GBP rates instantly.
How do traders analyze SNX liquidations and perpetual funding rates?
Compare SNX 24h volume turnover, RSI momentum, and funding APR against AAVE and DYDX to identify relative-strength breakouts or overcrowding. On TraderMap, you can inspect 5x–100x leverage clusters, Open Interest changes, and whale prints for SNX.
What are the core utility and ecosystem use cases of SNX?
Primary demand drivers for SNX include Perps v3 Liquidity Backing, Multi-Collateral Staking, Base & Optimism Derivatives. Traders also benchmark SNX momentum against AAVE, DYDX, OP, AERO.