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Synthetix Network Token (snx) Live chart

Rank Name Price 24h Change Total Supply Circulating
31
SNX
Synthetix Network Token logo Synthetix Network Token SNX
$ 18.98 + 5.19% 218 607 409 147 048 069 Trade!

Synthetix Network Token (snx)

Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on November 30, 2018. Synthetix is led by a multidisciplinary team of 13 individuals. The project was founded by Kain Warwick, who previously co-founded blueshyft, one of the largest digital payment networks in Australia. The CTO is Justin Moses, who also serves as the Director of Engineering at MongoDB. Synthetix aims to address the problem that companies running centralized payment networks such as PayPal, credit card networks, or the SWIFT banking network have “absolute control over the value within the network, so any transaction conducted within them may be blocked or reversed at any time.” According to the Synthetix white paper, “Although this is ostensibly designed to protect users, it introduces systemic risk for all participants. If the network is compromised or its owners cease to behave benevolently, no party can trust that the value in their account is secure or accessible.” This is theorized to work because anyone who holds SNX tokens in escrow will be incentivized by Synthetix rewards derived from network transaction fees that will be distributed “in proportion with how well each issuer maintains the correct Synths supply.” When a Synthetix escrow user puts their SNX in escrow, USD-stabilized Synths will be automatically put up for sale on a decentralized exchange at a price of $1 USD. To release escrowed SNX, the user must buy back the Synths issued (also at a price of $1 USD) at which point the Synths will be burned. The Synthetix system uses an algorithm to adjust network fees, and therefore dividends, to SNX holders to incentivize (or disincentivize) the holding of SNX in escrow smart contracts, and thus, the creation of Synths. The theory is that this will cause users to mint and burn Synths in the appropriate amount based solely on supply and demand.

Market pairs

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Rank Pair Name Volume (24h)
1 SNX / USDT WhiteBIT $ 8 206 849 176.39 Trade!
2 HAVVEN / ETH Sushiswap $ 20 764 163 769.99 Trade!
3 SNX / USDT Binance $ 79 264 579 029.37 Trade!
4 SNX / USD Coinbase Pro $ 57 828 130 300.25 Trade!
5 SNX / BTC Decoin $ 3 045 472 123.76 Trade!
6 SNX / BTC Binance $ 26 179 588 711.84 Trade!
7 SNX / BNT Bancor Network $ 5 228 464 706.83 Trade!
8 SNX / BTC Coinbase Pro $ 5 255 152 102.76 Trade!
9 SNX / USDT Coinsbit $ 1 484 082 775.47 Trade!
10 SNX / BTC P2PB2B $ 295 005 045.26 Trade!
11 SNX / USDT Huobi Global $ 35 477 331 345.98 Trade!
12 SNX / BUSD Binance $ 7 265 624 906.84 Trade!
13 SNX / USDT OKEx $ 58 861 324 656.02 Trade!
14 SNX / BTC HitBTC $ 31 742 158.39 Trade!
15 SNX / BTC Coinsbit $ 246 831 786.50 Trade!
16 SNX / USD Kraken $ 6 516 644 796.80 Trade!
17 SNX / USDT Crypto.com $ 1 410 524 076.30 Trade!
18 HAVVEN / ETH Uniswap (v2) $ 7 590 661 313.63 Trade!
19 SNX / USDT Deversifi $ 74 490 424.05 Trade!
20 SNX / USD Bitfinex $ 649 340 206.94 Trade!
21 SNX / EUR Kraken $ 3 386 298 606.12 Trade!
22 SNX / UST Bitfinex $ 554 606 529.63 Trade!
23 SNX / EUR Coinbase Pro $ 3 533 084 841.27 Trade!
24 SNX / USDT CoinTiger $ 5 066 850 308.37 Trade!
25 SNX / USD Tokenize $ 2 586 217 788.13 Trade!
26 SNX / SGD Tokenize $ 4 261 252.87 Trade!
27 SNX / USD Gemini $ 2 935 405 614.25 Trade!
28 SNX / XBT Kraken $ 2 169 318 237.06 Trade!
29 SNX / ETH MXC $ 13 119 247 283.61 Trade!
30 SNX / GBP Coinbase Pro $ 6 183 726 966.40 Trade!
31 SNX / BTC Huobi Global $ 1 836 847 423.61 Trade!
32 SNX / ETH Kraken $ 646 617 399.07 Trade!
33 SNX / USDT MXC $ 8 957 160 499.12 Trade!
34 SNX / USDT Bilaxy $ 1 551 109 793.19 Trade!
35 SNX / ETH Virgox $ 214 487 279.15 Trade!
36 SNX / CNC AEX $ 608 266 409.13 Trade!
37 HAVVEN / ETH Balancer $ 483 431 474.01 Trade!
38 SNX / USD P2PB2B $ 593 042 472.02 Trade!
39 SNX / BTC KuCoin $ 1 124 144 611.97 Trade!
40 SNX / USDT Digifinex $ 1 102 850 722.16 Trade!
41 SNX / BTC Hotbit $ 25 420 879.13 Trade!
42 SNX / USDT P2PB2B $ 534 954 968.88 Trade!
43 SNX / USD FTX $ 782 904 588.97 Trade!
44 SNX / USDT BKEX $ 14 868 703 959.38 Trade!
45 SNX / USDT Bitrue $ 390 685 360.67 Trade!
46 SNX / BTC AAX $ 1 375 762 463.06 Trade!
47 SNX / USDT Hotbit $ 60 180 411.14 Trade!
48 SNX / BNB Binance $ 2 707 854 561.19 Trade!
49 SNX / UST KuCoin $ 786 360 969.90 Trade!
50 SNX / USDT AAX $ 1 398 421 455.71 Trade!
51 SNX / USDT LBank $ 7 147 324 227.04 Trade!
52 SNX / USDT Bibox $ 555 340 901.98 Trade!
53 SNX / ETH KuCoin $ 277 553 811.34 Trade!
54 SNX / USDT XT $ 6 073 158 538.51 Trade!
55 SNX / USDT BitMart $ 5 928 370 023.01 Trade!
56 SNX / ETH OKEx $ 108 087 980.89 Trade!
57 SNX / ETH Huobi Global $ 354 498 853.33 Trade!
58 SNX / KRW GoPax $ 30 921 027.86 Trade!
59 SNX / BTC Atomars $ 84 473 625.87 Trade!
60 SNX / BTC Emirex $ 128 050 780.65 Trade!
61 SNX / USDT Atomars $ 209 573 705.89 Trade!
62 SNX / USDT Emirex $ 358 338 789.56 Trade!
63 SNX / USDT BTC-Alpha $ 1 256 461 580.01 Trade!
64 SNX / USDT CoinEx $ 228 095 484.04 Trade!
65 SNX / HUSD Huobi Global $ 588 821 802.17 Trade!
66 SNX / KRW Coinone $ 1 052 760 853.72 Trade!
67 SNX / USDT Gate.io $ 164 703 646.85 Trade!
68 SNX / USDT BigONE $ 614 689 708.76 Trade!
69 SNX / USDT WazirX $ 64 396 440.39 Trade!
70 SNX / GBP Kraken $ 80 492 820.29 Trade!
71 SNX / USDT Decoin $ 903 959 249.73 Trade!
72 SNX / USD HitBTC $ 21 014 980.46 Trade!
73 SNX / USD CEX.IO $ 77 650 230.55 Trade!
74 SNX / CRO Crypto.com $ 166 561 838.18 Trade!
75 SNX / KRW ProBit $ 56 885 199.22 Trade!
76 SNX / USDT ProBit $ 63 969 481.04 Trade!
77 SNX / BTC Poloniex $ 142 636 014.81 Trade!
78 SNX / ETH CoinEx $ 154 881 612.56 Trade!
79 SNX / KRW Dove Wallet $ 500 031.11 Trade!
80 SNX / EUR Dove Wallet $ 380 568.17 Trade!
81 SNX / GBP Dove Wallet $ 78 240.88 Trade!
82 SNX / USDT Dove Wallet $ 6 884.08 Trade!
83 SNX / USDC Dove Wallet $ 8 076.38 Trade!
84 SNX / TUSD Dove Wallet $ 2 544.98 Trade!
85 SNX / USDT VCC Exchange $ 48 048 063 243.43 Trade!
86 SNX / BTC VCC Exchange $ 11 383 745 008.07 Trade!
87 SNX / USDT CoinBene $ 63 675 147 968.44 Trade!
88 SNX / USDT Dcoin $ 14 425 682 188.97 Trade!
89 SNX / USDT Bvnex $ 4 822 774 606.57 Trade!
90 SNX / USDT Abit $ 1 503 683 364.21 Trade!
91 HAVVEN / USDC Balancer $ 4 995 790.53 Trade!
92 SNX / USDT Poloniex $ 249 331 645.06 Trade!
93 SNX / KRW Aprobit $ 215 574 743.17 Trade!
94 SNX / IDK Tokenomy $ 121 637 915.94 Trade!
95 SNX / AUD Independent Reserve $ 44 065 069.17 Trade!
96 SNX / SGD Independent Reserve $ 44 065 069.17 Trade!
97 SNX / USD Independent Reserve $ 44 065 069.17 Trade!
98 SNX / NZD Independent Reserve $ 44 065 069.17 Trade!
99 SNX / AUD Kraken $ 11 113 005.72 Trade!
100 SNX / PAX Dove Wallet $ 7 893.09 Trade!