Ask about Synthetix

Logo of SynthetixSynthetix(SNX)

Total Value Locked$855,043

TVL by Chain

Ethereum$855,043

Arbitrum$0

Base$0

Key Metrics

Fees 30d$9,351
Fees 30d by chain

Ethereum$9,351

Arbitrum$0

Base$0

OP Mainnet$0

Fees 7d$3,135

Ethereum$3,135

Arbitrum$0

Base$0

OP Mainnet$0

Fees 24h$284

Ethereum$284

OP Mainnet$0

Cumulative Fees$83.87m

OP Mainnet$54.22m

Ethereum$27.13m

Base$2.42m

Arbitrum$95,937

Revenue 30d$9,351
Revenue 30d by chain

Ethereum$9,351

Arbitrum$0

Base$0

OP Mainnet$0

Revenue 7d$3,135

Ethereum$3,135

Arbitrum$0

Base$0

OP Mainnet$0

Revenue 24h$284

Ethereum$284

OP Mainnet$0

Cumulative Revenue$82.08m

OP Mainnet$54.22m

Ethereum$27.13m

Base$716,791

Arbitrum$6,981

Holders Revenue 30d$0
Holders Revenue 30d by chain

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

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)$25,544

$9,351

$3,135

$284

$82.08m

Perp Volume 30d$98.45m
Perp Volume 30d by chain

Ethereum$98.45m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 7d$24.98m

Ethereum$24.98m

Arbitrum$0

Base$0

OP Mainnet$0

Perp Volume 24h$3.26m

Ethereum$3.26m

OP Mainnet$0

Cumulative Perp Volume$63.623b

OP Mainnet$55.775b

Base$6.746b

Ethereum$886.2m

Arbitrum$216.13m

$334,287

Market Cap$129.99m

$SNX Price$0.22

All Time High$28.53

All Time Low$0.035

View $SNX token page

$130.09m

$130.17m

$SNX Volume 24h$6.55m

CEX Volume$5.17m

DEX Volume$2.29m(34.89% of total)

Treasury$8.51m

$32,393.73

Stablecoins$488,930.55

Own Tokens$7.4m

Others$583,646.99

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.

WebsiteGitHubX/Twitter
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 $855,043 in total value locked. TVL has decreased 3.7% 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 $9,351 in fees. Of that, $9,351 was protocol revenue. Based on the trailing year, the annualized rate is $25,544 in fees and $25,544 in revenue.

What is the SNX token price and valuation?

SNX is currently trading at $0.22. Its circulating market capitalization is $129.99m, ranking it #341. Its fully diluted valuation is $130.09m. Supply currently stands at 580.98m circulating, 581.4m total supply.

How has SNX performed recently?

SNX is up 1.1% over the past 7 days and down 7.3% over the past 30 days. Its all-time high is $28.53, reached on Feb 13, 2021. The token is currently 99.2% 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 $98.45m in perpetual futures volume over the past 30 days.

Does Synthetix have a treasury?

Synthetix has a tracked treasury currently valued at $8.51m. Its holdings include $488,930.55 in stablecoins, $32,393.73 in major assets, $7.4m in its own tokens, $583,646.99 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.