Logo of Synthetix v1+v2Synthetix v1+v2(SNX)
Total Value Locked$1,789

TVL by Chain

OP Mainnet$1,267

Ethereum$521.96

Key Metrics

Fees (Annualized)$0
Fees 30d$0

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 (Annualized)$0
Revenue 30d$0

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 (Annualized)$0
Holders Revenue 30d$0

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.

CategorySynthetics

Audits:

WebsiteTwitter

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 GitHub

Competitors

Alchemix V3 ($31.19m)Metronome Synth ($20.17m)Alchemix V2 ($72,599)Usual ETH0 ($4.28m)Rumpel Labs ($1.62m)Outcome Finance ($1.09m)Wrap Protocol ($454,854)Yam Finance ($204,062)CVI Finance ($115,073)Crafting Finance ($13,280)