Synthetix Network

Synthetix Network Price

snx

$0.681639arrow+2.98%
24H
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Last updated: 2025-07-28 13:00:05

Price Statistics

Market Cap
234.22M
24H Volume
--
All-Time High
28.53
Circulating Supply
343.47M

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Crypto Pre-Market Listings

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Trade on Our Spot Market

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Price History (USD)

SNX Live Price Summary

As of 2025年7月28日, the global cryptocurrency market cap is $234.22M with a +3.23% change in the last 24 hours. Today's price of SNX is $0.681639, with a 24-hour trading volume of $--. SNX is +2.98% in the last 24 hours, with a circulating supply of 343.47M SNX coins and a maximum supply of 343.89M SNX coins. SNX ranks 306 by market cap. It has a 24H high of $0.697265 recorded on 2025年7月28日, and its 24H low so far is $0.656424, recorded on 2025年7月28日.

What Is the Highest Price of SNX?

SNX has an all-time high (ATH) of $28.53 , recorded on 2021年2月14日.

What Is the Lowest Price of SNX?

SNX has an all-time low (ATL) of $0.0347864, recorded on 2019年1月6日.

About Synthetix Network (SNX)

What Is Synthetix (SNX)?

SNX is an ERC-20 token of Synthetix, an Ethereum (ETH)-based decentralized finance (DeFi) protocol that specializes in issuing synthetic assets called synths. 

Synthetic assets are a form of derivative crypto assets. The synths track the price of popular fiat currencies or cryptocurrencies. By providing collateral in the SNX token, the platform’s native crypto, you can mint and then trade synths based on fiat currencies, such as USD, EUR, JPY, AUD and CHF, and crypto coins or tokens, such as BTC, ETH, SOL, AAVE and DOT. Synths follow a naming convention with the prefix “s” added to the ticker of the asset they are derived from, e.g., the synth for BTC is sBTC, and the synth for USD is sUSD.

The platform tracks and updates the prices of synths via a system of Chainlink Oracles. The Synthetix platform itself is largely used for the issuance of synths. The assets may then be traded on the Ethereum-based decentralized exchange (DEX) protocol Kwenta. Kwenta was launched as a project owned by Synthetix, but by mid-2022, it had evolved into an independent platform of its own.

Synthetix (SNX) Price

SNX started trading in March 2018 at around $0.50 under the brand name Haaven (HAV) before rebranding to Synthetix on Nov 30, 2018. Despite its rebranding, until November 2019, the token stayed below the $1 mark. Between November 2019 and February 2020, SNX managed to rise just above $1. After sliding below $1 in mid-February 2020, the token again stayed in that territory until June 2020. The second half of 2020 and early 2021 proved to be the token’s best time on the market.

From a rate of under $1 in June 2020, SNX rose to its all-time high of $28.53 on Feb 14, 2021. Unfortunately for Synthetix, the token then entered an extended downtrend that went on for 16 months. Despite experiencing some short-term upswings along the way, SNX had declined to less than $2 by December 2022. SNX is seeing a relatively brighter start in 2023, with its price rising above $2.50 by February. 

What Is SNX Used For?

The SNX token is used primarily for staking and governance. Providing SNX as collateral for synths is called staking in the platform’s terminology. Staking, in addition to the issuance of synths, lets you earn rewards in SNX and sUSD, one of the most popular synths used on Synthetix. In order to stake, you will first need to transfer your funds from the Ethereum mainnet to the Optimistic Bridge, a Layer 2 solution that supports SNX staking.

Governance is another key function of the SNX token. Synthetix is governed by a combination of decentralized autonomous organizations (DAOs). One element of this governance mechanism is the DAO election process during which council representatives are elected by SNX stakers. 

SNX Tokenomics

SNX is an inflationary token with an initial total supply of 100,000,000. It had an initial annual inflation of 75% APR starting from Mar 13, 2019 that decreases at a rate of 1.25% per week, with a final 2.5% APR annual inflation fixed on Sep 6, 2023. SNX has the following supply distribution shares:

  • 60% – Investors and Token Sales

  • 3% – Bounties and Marketing Incentives

  • 5% – Partnerships

  • 12% – Foundation

  • 20% – Team and Advisors

Who Is the Founder of Synthetix? 

Synthetix was founded by Australian technology entrepreneur Kain Warwick.

Read more: Synthetix Network Token: What Is SNX in Crypto?

How to Store SNX

Wallets that may be used to store SNX tokens include MetaMask, Atomic Wallet, Trust Wallet, Ledger, and Trezor, to name a few.

Where To Buy SNX

You can buy SNX from any top crypto exchange, including Bybit. On Bybit, you can trade SNX as a USDT Spot pair (SNX/USDT) or as a USDT perpetual (SNXUSDT).

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Frequently Asked Questions (FAQ)

How much is Synthetix Network today?

As of 2025年7月28日, the current trading price of Synthetix Network (SNX) is $0.681639. Over the past 24 hours, the price has ranged between a low of $0.656424 and a high of $0.697265, accompanied by a trading volume of $--. The overall market capitalization is $234.22M, positioning it at rank #306 among other cryptocurrencies.

How much is one Synthetix Network ?

At this moment, one unit of Synthetix Network is valued at $0.681639. Please note that due to market fluctuations, this price may vary throughout the day.

How to invest in Synthetix Network ?

Investing in Synthetix Network begins with comprehensive research into its market performance and potential risks. Start by reviewing its current price of $0.681639, along with its recent 24-hour trading range—from $0.656424 to $0.697265—and its overall market cap of $234.22M. To get started, create a Bybit account, complete Identity Verification Lv. 1, and then deposit funds either via fiat or by transferring another cryptocurrency. After your account is set up and funded, you can navigate to the Bybit trading interface where you can place an order for Synthetix Network. Finally, consider transferring your coins to a secure wallet to ensure their safety.

Where to buy Synthetix Network?

To purchase Synthetix Network on Bybit. You can easily sign up, fund your Bybit account, and start trading, making it easy for both beginners and experienced traders to buy cryptocurrencies. Alternatively, you can just click on the buy/trade button above.

How to buy Synthetix Network?

To buy Synthetix Network on Bybit, start by signing up for an account on the Bybit platform and completing Identity Verification Lv. 1 to comply with KYC requirements. After your account is verified, deposit funds using your preferred method—Bybit supports both fiat deposits (depending on your region) and cryptocurrency transfers. With funds in your account, navigate to the trading section where you can search for Synthetix Network (often listed under its symbol, SNX). You can then place an order—choosing either a market order for an immediate purchase at the current price of $0.681639 or a limit order if you prefer to set your own price. Once the order is executed, your Synthetix Network will be credited to your Bybit wallet, where you can choose to keep them or transfer them to another secure wallet.

How to sell Synthetix Network?

Selling Synthetix Network on Bybit follows a process similar to buying. Begin by logging into your Bybit account and navigating to the trading interface. Locate Synthetix Network within your portfolio or the market listings. When you are ready to sell, decide whether to use a market order for a quick sale at the prevailing price, or a limit order if you wish to set a specific selling price. Once your order is placed and executed, the funds from the sale will be available in your account. You can then choose to withdraw these funds to your bank account or convert them into another cryptocurrency, according to your investment strategy.

Is Synthetix Network a good investment?

Determining if Synthetix Network is a suitable investment depends on several factors, including your risk tolerance, market research, and long-term financial goals. With a current price of $0.681639 and a market capitalization of $234.22M (ranking it at #306), Synthetix Network has demonstrated significant activity. Its 24-hour trading range—from $0.656424 to $0.697265—and historical performance, highlighted by an all-time high of $28.53 on 2021年2月14日 and an all-time low of $0.0347864 on 2019年1月6日, provide valuable context. While these metrics are promising, it is essential to conduct your own research and consider professional financial advice to determine if this asset fits into your portfolio strategy.

How many Synthetix Network are there?

Currently, there are 343.47M units of Synthetix Network in circulation, with a maximum supply capped at 343.89M. These figures are important to consider when evaluating scarcity and potential market dynamics, and they can change over time due to network updates or new coin emissions.

Disclaimer

Investments in cryptocurrencies, including but not limited to purchasing Synthetix Network and other digital assets through Bybit, carry significant market risk. Should the digital asset you are seeking not be currently available on Bybit, please be advised that it will be introduced in the near future. Bybit disclaims all liability for any results or outcomes of such investments. The information regarding pricing and other relevant data presented herein is derived from publicly available sources. This content does not reflect the official stance of Bybit and should not be construed as investment advice, a recommendation, or an offer to buy, sell, or hold any form of digital assets.

Investors are urged to thoroughly evaluate their financial capacity for trading or holding digital assets and are advised to seek consultation from qualified legal, tax, or investment professionals based on individual circumstances.

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