Ask about Synthetix
Logo of SynthetixSynthetix(SNX)
Total Value Locked$1.33m

TVL by Chain

Ethereum$1.33m

OP Mainnet$1,267

Base$37

Arbitrum$0

Key Metrics

Fees (Annualized)$405,382
Fees 30d$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Fees 7d$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Fees 24h$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Cumulative Fees$83.86m

OP Mainnet$54.22m

Ethereum$27.12m

Base$2.42m

Arbitrum$95,937

Revenue (Annualized)$405,123
Revenue 30d$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Revenue 7d$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Revenue 24h$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Cumulative Revenue$82.07m

OP Mainnet$54.22m

Ethereum$27.12m

Base$716,791

Arbitrum$6,981

Holders Revenue (Annualized)$399,201
Holders Revenue 30d$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Holders Revenue 7d$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Holders Revenue 24h$0

Arbitrum$0

Base$0

Ethereum$0

OP Mainnet$0

Cumulative Holders Revenue$82.06m

OP Mainnet$54.22m

Ethereum$27.12m

Base$716,791

Arbitrum$6,981

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$405,123

Earnings 30d$0

Earnings 7d$0

Earnings 24h$0

Cumulative Earnings$82.07m

Perp Volume 30d$76.98m
Perp Volume 30d by chain

Ethereum$76.98m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 7d$19.4m

Ethereum$19.4m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 24h$2.39m

Ethereum$2.39m

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Perp Volume$63.444b

OP Mainnet$55.775b

Base$6.746b

Ethereum$707.09m

Arbitrum$216.13m

Open Interest$3.38m

Market Cap$78.84m

$SNX Price$0.23

All Time High$28.53

All Time Low$0.035

Fully Diluted Valuation$78.94m

Outstanding FDV$79.08m

$SNX Volume 24h$10.95m

CEX Volume$7.54m

DEX Volume$3.62m(33.01% of total)

Treasury$10.05m

Majors$21,298

Stablecoins$439,031

Own Tokens$9.02m

Others$565,690

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.

CategoryDerivatives
WebsiteGitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Synthetix v1+v2 - Fees generated on each synthetic asset exchange, between 0.1% and 1% (usually 0.3%)View code on GitHubSynthetix V3 - Fees generated from tradesView code on GitHubSynthetix V4 - Trading fees paid by users on Synthetix v4 perpetual futures trades.View code on GitHub

Revenue:

Synthetix v1+v2 - Fees paid by users and awarded to SNX stakersView code on GitHubSynthetix V3 - Fees paid by users and awarded to LPsView code on GitHubSynthetix V4 - Trading fees retained by the protocol.View code on GitHub

Holders Revenue:

Synthetix v1+v2 - 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 GitHubSynthetix V3 - Fees are granted proportionally to LPs by tracking the profit and loss of the positions backed by Synthetix V3View code on GitHubSynthetix V4 - Fees going to governance token holdersView code on GitHub

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users