Key Metrics
Fees 30d$0
Fees 30d by chain
Ethereum$0
OP Mainnet$0
Fees 7d$0
Ethereum$0
OP Mainnet$0
Fees 24h$0
Ethereum$0
OP Mainnet$0
Cumulative Fees$81.34m
OP Mainnet$54.22m
Ethereum$27.12m
Revenue 30d$0
Revenue 30d by chain
Ethereum$0
OP Mainnet$0
Revenue 7d$0
Ethereum$0
OP Mainnet$0
Revenue 24h$0
Ethereum$0
OP Mainnet$0
Cumulative Revenue$81.34m
OP Mainnet$54.22m
Ethereum$27.12m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
OP Mainnet$0
Holders Revenue 7d$0
Ethereum$0
OP Mainnet$0
Holders Revenue 24h$0
Ethereum$0
OP Mainnet$0
Cumulative Holders Revenue$81.34m
OP Mainnet$54.22m
Ethereum$27.12m
Perp Volume 30d$0
Perp Volume 30d by chain
OP Mainnet$0
Perp Volume 7d$0
OP Mainnet$0
Perp Volume 24h$0
OP Mainnet$0
Cumulative Perp Volume$55.775b
OP Mainnet$55.775b
Open Interest$0
Total Raised$46.05m
Sep 29, 2017$250,000Round: SeedInvestors: George Burke
Mar 1, 2018$30mRound: ICOInvestors: Buck Stash, George Burke, Infinite Capital
Oct 29, 2019$3.8mRound: Investors: Framework Ventures
Dec 15, 2020$12mRound: Investors: Coinbase Ventures, Paradigm, IOSG Ventures
Protocol Information
Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi.
Audits:
Methodology
TVL: Counts the value of all SNX staked in the 420 pool & legacy escrow contracts under stakingView code on GitHubFees: Fees generated on each synthetic asset exchange, between 0.1% and 1% (usually 0.3%)View code on GitHubRevenue: Fees paid by users and awarded to SNX stakersView code on GitHubHolders Revenue: Fees are granted proportionally to SNX stakers by automatically burning outstanding debt (note: rewards not included here can also be claimed by SNX stakers)View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubHacks
Date: Jun 25, 2019
Classification: Oracle Manipulation
Technique: Oracle Misconfiguration
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Synthetix v1+v2 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 9, 2019 to Aug 8, 2025.
All-time high TVL: $2.967b on Feb 10, 2021. All-time low TVL: $1,480 on Jul 8, 2025.
Daily TVL, Jul 10, 2025 to Aug 8, 2025
| Date | TVL |
|---|---|
| Jul 10, 2025 | $1,629 |
| Jul 11, 2025 | $1,752 |
| Jul 12, 2025 | $1,766 |
| Jul 13, 2025 | $1,735 |
| Jul 14, 2025 | $1,795 |
| Jul 15, 2025 | $1,740 |
| Jul 16, 2025 | $1,785 |
| Jul 17, 2025 | $1,870 |
| Jul 18, 2025 | $1,953 |
| Jul 19, 2025 | $1,947 |
| Jul 20, 2025 | $2,007 |
| Jul 21, 2025 | $2,082 |
| Jul 22, 2025 | $2,087 |
| Jul 23, 2025 | $2,011 |
| Jul 24, 2025 | $1,866 |
| Jul 25, 2025 | $1,782 |
| Jul 26, 2025 | $1,834 |
| Jul 27, 2025 | $1,842 |
| Jul 28, 2025 | $1,906 |
| Jul 29, 2025 | $1,804 |
| Jul 30, 2025 | $1,773 |
| Jul 31, 2025 | $1,794 |
| Aug 1, 2025 | $1,669 |
| Aug 2, 2025 | $1,639 |
| Aug 3, 2025 | $1,587 |
| Aug 4, 2025 | $1,677 |
| Aug 5, 2025 | $1,739 |
| Aug 6, 2025 | $1,674 |
| Aug 7, 2025 | $1,730 |
| Aug 8, 2025 | $1,788 |
TVL at each month end, Sep 2023 to Aug 2025
| Date | TVL |
|---|---|
| Sep 30, 2023 | $390.33m |
| Oct 31, 2023 | $444.12m |
| Nov 30, 2023 | $665.62m |
| Dec 31, 2023 | $768.63m |
| Jan 31, 2024 | $644.72m |
| Feb 29, 2024 | $761.28m |
| Mar 31, 2024 | $919.55m |
| Apr 29, 2024 | $645.29m |
| May 31, 2024 | $571.4m |
| Jun 30, 2024 | $396.46m |
| Jul 31, 2024 | $297.35m |
| Aug 31, 2024 | $239.92m |
| Sep 30, 2024 | $281.55m |
| Oct 31, 2024 | $236.74m |
| Nov 15, 2024 | $242.02m |
| Dec 31, 2024 | $155.25m |
| Jan 31, 2025 | $129.66m |
| Feb 28, 2025 | $83.79m |
| Mar 31, 2025 | $8.01m |
| Apr 30, 2025 | $2,165 |
| May 31, 2025 | $2,225 |
| Jun 30, 2025 | $1,643 |
| Jul 31, 2025 | $1,794 |
| Aug 8, 2025 (latest) | $1,788 |
TVL at each year end, Dec 31, 2019 to Dec 31, 2024
| Date | TVL |
|---|---|
| Dec 31, 2019 | $178.44m |
| Dec 31, 2020 | $1.245b |
| Dec 31, 2021 | $1.333b |
| Dec 31, 2022 | $248.09m |
| Dec 31, 2023 | $768.63m |
| Dec 31, 2024 | $155.25m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $3.29m | $3.29m | $3.29m |
| Dec 2024 | $1.33m | $1.33m | $1.33m |
| Jan 2025 | $470,997 | $470,997 | $470,997 |
| Feb 2025 | $402,036 | $402,036 | $402,036 |
| Mar 2025 | $248,930 | $248,930 | $248,930 |
| Apr 2025 | $151,194 | $151,194 | $151,194 |
| May 2025 | $43,301 | $43,301 | $43,301 |
| Jun 2025 | $44,328 | $44,328 | $44,328 |
| Jul 2025 | $81,927 | $81,927 | $81,927 |
| Aug 2025 | $307,105 | $307,105 | $307,105 |
| Sep 2025 | $1,664 | $1,664 | $1,664 |
| Oct 2025 | $1,960 | $1,960 | $1,960 |
| Nov 2025 | $808 | $808 | $808 |
| Dec 2025 | $272 | $272 | $272 |
| Jan 2026 | $6,730 | $6,730 | $6,730 |
| Feb 2026 | $20 | $20 | $20 |
| Mar 2026 | $0 | $0 | $0 |
| Apr 2026 | $0 | $0 | $0 |
| May 2026 | $0 | $0 | $0 |
| Jun 2026 | $0 | $0 | $0 |
| Jul 2026 | $0 | $0 | $0 |
| Aug 2026 | $0 | $0 | $0 |
| Sep 2026 | $0 | $0 | $0 |
| Oct 2026 (to date) | $0 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/synthetix-v1+v2
Frequently asked questions
What is Synthetix v1+v2's TVL?
As of Aug 8, 2025, Synthetix v1+v2 has $1,788 in total value locked. TVL has increased 16.3% over the past 30 days.
What chains does Synthetix v1+v2 operate on?
Synthetix v1+v2 operates on 3 chains: Ethereum, Optimism, and OP Mainnet.
How much has Synthetix v1+v2 generated in fees and revenue?
Over the past 30 days, Synthetix v1+v2 generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $8,257 in fees and $8,257 in revenue.
How much perpetual futures volume does Synthetix v1+v2 process?
Synthetix v1+v2 processed $0 in perpetual futures volume over the past 30 days.
Has Synthetix v1+v2 ever been exploited?
Synthetix v1+v2 has 1 recorded security incident. The most recent incident occurred on Jun 25, 2019. It was classified as Oracle Manipulation.