Ask about Synthetix
Logo of SynthetixSynthetix(SNX)
Total Value Locked$40.79m

TVL by Chain

Ethereum$40.79m

OP Mainnet$1,267

Base$8

Arbitrum$0

Key Metrics

Fees (Annualized)$20,374
Fees 30d$1,670

Ethereum$1,670

Arbitrum$0

Base$0

OP Mainnet$0

Fees 7d$1,670

Ethereum$1,670

Arbitrum$0

Base$0

OP Mainnet$0

Fees 24h$310

Ethereum$310

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Fees$83.86m

OP Mainnet$54.22m

Ethereum$27.12m

Base$2.42m

Arbitrum$95,937

Revenue (Annualized)$20,374
Revenue 30d$1,670

Ethereum$1,670

Arbitrum$0

Base$0

OP Mainnet$0

Revenue 7d$1,670

Ethereum$1,670

Arbitrum$0

Base$0

OP Mainnet$0

Revenue 24h$310

Ethereum$310

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Revenue$82.06m

OP Mainnet$54.22m

Ethereum$27.12m

Base$716,791

Arbitrum$6,981

Holders Revenue (Annualized)$0
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 (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$20,374

Earnings 30d$1,670

Earnings 7d$1,670

Earnings 24h$310

Cumulative Earnings$82.06m

Perp Volume 30d$93.21m
Perp Volume 30d by chain

Ethereum$93.21m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 7d$29.95m

Ethereum$29.95m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 24h$5.04m

Ethereum$5.04m

Arbitrum$0

Base$0

OP Mainnet$0

Cumulative Perp Volume$63.327b

OP Mainnet$55.775b

Base$6.746b

Ethereum$589.76m

Arbitrum$216.13m

Open Interest$4.83m

Market Cap$105.77m

$SNX Price$0.31

All Time High$28.53

All Time Low$0.035

Fully Diluted Valuation$105.9m

Outstanding FDV$106.06m

$SNX Volume 24h$5.82m

CEX Volume$4.21m

DEX Volume$1.67m(28.76% of total)

Treasury$2.67m

Majors$26,129

Stablecoins$1.25m

Own Tokens$802,106

Others$585,144

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