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Synthetix Overview
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About Synthetix
Synthetix is used for a variety of purposes, such as hedging against price fluctuations, gaining exposure to a diverse range of assets, and trading on the price movements of real-world assets without actually owning them. The platform currently supports synthetic fiat currencies, cryptocurrencies (long and short), and commodities. SNX holders are incentivized to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. The value of the SNX token is derived from the right to participate in the network and capture fees generated from Synth exchanges.
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Learn About Synthetix
Uniswap Base Deployment Becomes DeFi's New Heavyweight
Uniswap (UNI) is the largest decentralized exchange and an Ethereum-native AMM protocol now trading near $3.94 with a $2.47 billion market cap, and the Base migration has quietly become the most important growth driver in its multi-chain portfolio. The UNIfication proposal that passed in December 2025 flipped the fee switch and burned 100 million UNI from treasury; the follow-on February 2026 vote extended fee capture to eight additional Layer 2 chains, adding roughly $27 million in annualized revenue on top of the $34 million already flowing to the burn mechanism. Q1 2026 gross profit hit $3.12 million versus essentially zero in prior years. With BlackRock's BUIDL fund tradable on UniswapX, Talos and Fireblocks API access for institutions, Grayscale keeping UNI as its DeFi fund's largest holding at 35.22%, and a $15.5 million bug bounty on v4 hooks, the protocol-as-platform thesis is shifting from speculation to executable.
Archie DuttonMay 11, 2026SNX Lost 99% and the Collateral Trap Still Catches Buyers
Before investing a first dollar, take notice that Synthetix's SNX is not a typical cryptocurrency. SNX is a collateral asset used to power a decentralized derivatives protocol. This protocol subjects it to unique risks most other tokens in a portfolio won't have. Trading for approximately $0.30 with a market cap of $103 million. The synthetix network token price is down 99.58% from its all-time high of $28.53.
Archie DuttonApr 12, 2026Often Discussed Alongside Synthetix
Tokens that appear with Synthetix in our academy articles.
Synthetix Market Data
The live Synthetix price today is $0.25 USD with a 24-hour trading volume of $1,767,214.01 USD. We update our SNX to USD price in real-time. Synthetix is down 2.12% in the last 24 hours.
The current market cap is $88,003,596.33 USD, ranking #223 by market capitalization. The circulating supply is 344,516,234 SNX.