Synthetix is a protocol built on the Ethereum blockchain. Synthetix is a platform where users can purchase digitalized US stocks or other commodities in exchange for cryptocurrencies. Digitalized assets are called synthetic assets and are traded on a decentralized exchange called Kwenta. SNX is an ERC20 token.
With a total market cap of over $508 million, Synthetix is the No. 69 cryptocurrency by market size. The currency symbol for Synthetix is SNX. There will only ever be 291 million Synthetix tokens issued. So far 307 million tokens (105.4% of the total supply) have been issued. We found savings accounts offering up to 76% APY on Synthetix deposits and loans as low as 20% APR against Synthetix used as collateral. Check out our Synthetix staking yields table and for further details.
The technical price analysis for Synthetix below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Synthetix.
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