Logo of SynthetixSynthetix(SNX)
Total Value Locked$947,275

TVL by Chain

Ethereum$947,275

Arbitrum$0

Base$0

Key Metrics

Fees (Annualized)$19,115
Fees 30d$1,739

Ethereum$1,739

Arbitrum$0

Base$0

OP Mainnet$0

Fees 7d$1,739

Ethereum$1,739

Arbitrum$0

Base$0

OP Mainnet$0

Fees 24h$260

Ethereum$260

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Fees$83.87m

OP Mainnet$54.22m

Ethereum$27.12m

Base$2.42m

Arbitrum$95,937

Revenue (Annualized)$19,115
Revenue 30d$1,739

Ethereum$1,739

Arbitrum$0

Base$0

OP Mainnet$0

Revenue 7d$1,739

Ethereum$1,739

Arbitrum$0

Base$0

OP Mainnet$0

Revenue 24h$260

Ethereum$260

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Revenue$82.07m

OP Mainnet$54.22m

Ethereum$27.12m

Base$716,791

Arbitrum$6,981

Holders Revenue (Annualized)$11,454
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

$0

$0

$0

$0

Earnings (Annualized)$19,115

$1,739

$1,739

$260

$82.07m

Perp Volume 30d$61.04m
Perp Volume 30d by chain

Ethereum$61.04m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 7d$19.63m

Ethereum$19.63m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 24h$2.47m

Ethereum$2.47m

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Perp Volume$63.559b

OP Mainnet$55.775b

Base$6.746b

Ethereum$821.72m

Arbitrum$216.13m

$2.64m

Market Cap$121.86m

$SNX Price$0.21

All Time High$28.53

All Time Low$0.035

View $SNX token page

$121.95m

$122.04m

$SNX Volume 24h$15.19m

CEX Volume$9.99m

DEX Volume$11.57m(76.15% of total)

$SNX Liquidity$2.62m

Uniswap V3$1.85m

Velodrome V2$255,697

Uniswap V2$250,988

Aerodrome V1$113,543

SushiSwap$74,371

Balancer V2$23,198

thorchain-dex$18,500

Balancer V2$12,865

SushiSwap$11,506

Uniswap V3$10,157

Treasury$8.69m

$30,775.63

Stablecoins$462,524.31

Own Tokens$7.61m

Others$586,159.18

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.

WebsiteGitHubTwitter
Categories:DerivativesSynthetics
Products:

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

Hacks

Date: Jun 25, 2019

Protocol: Synthetix v1+v2

Classification: Oracle Manipulation

Technique: Oracle Misconfiguration

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Frequently Asked Questions

What is Synthetix's TVL?

Synthetix currently has $947,275 in total value locked. TVL has increased 7.8% over the past 30 days.

What chains does Synthetix operate on?

Synthetix operates on 4 chains: OP Mainnet, Ethereum, Base, and Arbitrum. Ethereum holds the largest share at 100%.

How much has Synthetix generated in fees and revenue?

Over the past 30 days, Synthetix generated $1,739 in fees. Of that, $1,739 was protocol revenue. Based on the trailing year, the annualized rate is $19,115 in fees and $19,115 in revenue.

What is the SNX token price and valuation?

SNX is currently trading at $0.21. Its circulating market capitalization is $121.86m, ranking it #332. Its fully diluted valuation is $121.95m. Supply currently stands at 580.98m circulating, 581.4m total supply.

How has SNX performed recently?

SNX is down 10.1% over the past 7 days and down 1.8% over the past 30 days. Its all-time high is $28.53, reached on Feb 13, 2021. The token is currently 99.3% below that level.

Which protocols are included in Synthetix?

Synthetix is a parent protocol whose tracked products include Synthetix V4, Synthetix v1+v2, and Synthetix V3.

How much perpetual futures volume does Synthetix process?

Synthetix processed $61.04m in perpetual futures volume over the past 30 days.

Does Synthetix have a treasury?

Synthetix has a tracked treasury currently valued at $8.69m. Its holdings include $462,524.31 in stablecoins, $30,775.63 in major assets, $7.61m in its own tokens, $586,159.18 in other assets.

Has Synthetix ever been exploited?

Synthetix has 1 recorded security incident. The most recent incident occurred on Jun 25, 2019. It was classified as Oracle Manipulation.