Ask about Synthetix
Logo of SynthetixSynthetix(SNX)
Total Value Locked$32.21m

TVL by Chain

Ethereum$32.2m

OP Mainnet$1,267

Base$31

Arbitrum$0

Key Metrics

Fees (Annualized)$485,388
Fees 30d$5,922

Ethereum$5,922

Arbitrum$0

Base$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)$437,093
Revenue 30d$5,922

Ethereum$5,922

Arbitrum$0

Base$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)$431,171
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)$437,093

Earnings 30d$5,922

Earnings 7d$0

Earnings 24h$0

Cumulative Earnings$82.07m

Perp Volume 30d$119.8m
Perp Volume 30d by chain

Ethereum$119.8m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 7d$20.42m

Ethereum$20.42m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 24h$2.58m

Ethereum$2.58m

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Perp Volume$63.396b

OP Mainnet$55.775b

Base$6.746b

Ethereum$659.65m

Arbitrum$216.13m

Open Interest$2.14m

Market Cap$83.62m

$SNX Price$0.24

All Time High$28.53

All Time Low$0.035

Fully Diluted Valuation$83.72m

Outstanding FDV$83.85m

$SNX Volume 24h$6.8m

CEX Volume$3.75m

DEX Volume$3.04m(44.74% of total)

Treasury$1.74m

Majors$21,330

Stablecoins$856,098

Own Tokens$285,423

Others$575,275

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: 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 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