SNX Live Price Summary
As of July 4, 2025, the global cryptocurrency market cap stands at $196.74 million, reflecting a -5.67% change in the last 24 hours.
- Current SNX Price: $0.572666
- 24-Hour Trading Volume: $--
- 24-Hour Price Change: -5.71%
- Circulating Supply: 343.47M SNX
- Max Supply: 343.89M SNX
- Market Rank: #283
Recent Price Movements:
- 24H High: $0.60767
- 24H Low: $0.572946
Historical Price Performance
All-Time High (ATH)
SNX reached its peak price of $28.53 on February 14, 2021.
All-Time Low (ATL)
The lowest recorded price was $0.0347864 on January 6, 2019.
What Is Synthetix (SNX)?
Synthetix (SNX) is the native token of the Synthetix Network, a decentralized finance (DeFi) protocol built on Ethereum. The platform specializes in creating synthetic assets (synths), which are derivatives that track the value of other assets like fiat currencies, cryptocurrencies, and commodities.
Key Features of Synthetix:
- Synths: Tradable synthetic assets (e.g., sUSD, sBTC, sETH).
- Collateralized Staking: Users stake SNX to mint synths.
- Decentralized Governance: SNX holders participate in DAO-based decision-making.
👉 Discover how Synthetix compares to other DeFi projects
SNX Price History
Early Years (2018–2020)
- Launched in March 2018 at ~$0.50.
- Rebranded from Havven (HAV) to Synthetix in November 2018.
- Remained below $1 until late 2019.
Bull Run (2020–2021)
- Surged to ATH ($28.53) in February 2021 during the DeFi boom.
Post-ATH Decline (2021–2023)
- Entered a 16-month downtrend, dropping below $2 by December 2022.
- Recovered slightly in 2023, trading above $2.50 in February.
SNX Tokenomics
Supply Distribution
- 60% – Investors & Token Sales
- 20% – Team & Advisors
- 12% – Foundation
- 5% – Partnerships
- 3% – Bounties & Marketing
Inflation Model
- Initial inflation: 75% APR (2019).
- Weekly decrease: 1.25%, stabilizing at 2.5% APR by September 2023.
How to Buy and Store SNX
Where to Buy SNX?
SNX is available on major exchanges, including:
- Bybit (SNX/USDT spot & perpetual contracts).
- OKX (SNX/USDT trading pairs).
👉 Explore SNX trading opportunities
Recommended Wallets
- MetaMask (Browser & Mobile).
- Ledger/Trezor (Hardware Security).
- Trust Wallet (Mobile-Friendly).
Frequently Asked Questions (FAQ)
1. What is the current price of SNX?
As of July 4, 2025, SNX is trading at $0.572666.
2. How do I stake SNX?
- Transfer SNX to Optimistic Ethereum (Layer 2).
- Use the Synthetix staking dApp to mint synths and earn rewards.
3. Is SNX a good investment?
SNX has shown volatility but remains a key DeFi asset. Always conduct independent research before investing.
4. What are synths?
Synths are synthetic assets that track the price of real-world assets (e.g., sUSD for USD, sBTC for Bitcoin).
5. How does Synthetix governance work?
SNX holders vote via decentralized DAOs to approve protocol upgrades and treasury allocations.
6. Where can I track SNX price trends?
Use platforms like CoinGecko, CoinMarketCap, or TradingView for live charts.
Final Thoughts
Synthetix remains a pioneer in synthetic asset trading, offering unique DeFi opportunities. While its price has seen significant fluctuations, its ecosystem continues to evolve with Layer 2 scaling and governance enhancements.
For traders and long-term holders, SNX presents a high-risk, high-reward proposition in the DeFi space. Stay updated with market trends and protocol developments to make informed decisions.
🚀 Ready to trade SNX? Start your Synthetix journey today!