Synthetix
Market Open
9 Jun, 18:40
$
0. 242900
-0.0027
-1.0993%
$
234,528 Volume
$ 0.2456
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SNXUSD Overview
SNXUSD denotes the market price of Synthetix (SNX) expressed in US dollars. It reflects how many USD are required to buy one SNX token and is quoted across spot trading venues and liquidity pools.
Synthetix is a decentralized, blockchain-based derivatives liquidity protocol and SNX is its native token. Introduced in 2018 by Kain Warwick and early contributors, the project evolved from earlier efforts under the Havven name. SNX is used to collateralize synthetic assets, participate in governance and earn staking incentives; the protocol operates primarily on Ethereum and does not rely on a fixed, capped supply model.
The exchange rate for SNXUSD emerges from supply and demand dynamics on centralized and decentralized exchanges, including order flow, staking and minting activity, and liquidity provision. Prices also respond to broader market sentiment, DeFi usage, macroeconomic news, regulatory developments and cross-asset factors that affect crypto risk appetite.
SNXUSD is important for price discovery and risk management. Traders and investors use the pair to gain direct dollar exposure to SNX, implement hedges, pursue arbitrage between venues or measure the market’s view of Synthetix protocol health and token economics.
SNX has historically shown higher volatility than major fiat-paired assets; liquidity varies by exchange, so assessing market depth and using disciplined risk controls is advisable.
Synthetix is a decentralized, blockchain-based derivatives liquidity protocol and SNX is its native token. Introduced in 2018 by Kain Warwick and early contributors, the project evolved from earlier efforts under the Havven name. SNX is used to collateralize synthetic assets, participate in governance and earn staking incentives; the protocol operates primarily on Ethereum and does not rely on a fixed, capped supply model.
The exchange rate for SNXUSD emerges from supply and demand dynamics on centralized and decentralized exchanges, including order flow, staking and minting activity, and liquidity provision. Prices also respond to broader market sentiment, DeFi usage, macroeconomic news, regulatory developments and cross-asset factors that affect crypto risk appetite.
SNXUSD is important for price discovery and risk management. Traders and investors use the pair to gain direct dollar exposure to SNX, implement hedges, pursue arbitrage between venues or measure the market’s view of Synthetix protocol health and token economics.
SNX has historically shown higher volatility than major fiat-paired assets; liquidity varies by exchange, so assessing market depth and using disciplined risk controls is advisable.
SNXUSD Chart
Synthetix Perps Adds Scaled Orders for Traders
Synthetix said that scaled orders are now live on Synthetix Perps, giving traders a way to automatically generate multiple limit orders across a defined price range. The feature is designed for laddered execution instead of one large order at a single level.
Crypto-economy | 4 weeks ago
SNXUSD FAQ
What is the current Synthetix price?
The current price is $0.242900, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.0027 (-1.0993%), showing how much the asset has moved compared to the previous close.
What is the previous close for Synthetix?
The previous close was $0.245600, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-1.0993%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.235200) and highest ($0.247000) prices traded during the selected period, helping assess volatility.
Why is Synthetix (SNX) moving today?
Price movements in Synthetix are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.242900) is below the previous close ($0.245600), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Synthetix?
You can view real-time charts, price updates, and market data for Synthetix (SNX) directly on this page.
