SynthetixNetwork Price (SNX to IDR)



Market cap

IDR 19.7T

Volume (24h)

IDR 2.34T

Circulating Supply


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Crypto News

Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide range of crypto and non-crypto (synthetic) assets.
Synthetix was created to track and provide returns on the underlying asset without requiring someone to directly hold the asset.
Synthetix launched in September 2017
There is no clear record of where the Synthetix Network was created.
The protocol is designed in a way that exposes the user to the underlying asset via synths, without having to hold the underlying asset.

This platform allows users to trade and exchange synths independently.

It also has a pool staking where holders can stake their SNX tokens and are rewarded with a share of the transaction fees on the Synthetix Exchange.

The platform tracks the underlying assets using a smart contract pricing protocol called oracle.

Synthetix allows users to trade synths seamlessly, without liquidity/slippage issues. It also eliminates the need for a third party facilitator.
231,052,479 SNX
231,052,479 SNX (As of July 29, 2021)
168,519,494 SNX (As of July 29, 2021)
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