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SNX Overview

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Intellectia
24H High
0.358
24H Low
0.324
24H Volume
2.94M
24H Volatility
10.49%
All Time High
28.981
All Time Low
0.246
Correlation with BTC
0.55
Return On Investment
-88.49%
Market Cap
113.54M
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
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Official WebsiteBlock ExplorerWhitepaper

Social Media Sentiment

Bullish
Bullish
0 Bullish
0 Neutral
0 Bearish
The current sentiment of SNX on social media as of May 13, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding SNX's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
The current sentiment of SNX on social media as of May 13, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding SNX's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
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Social Media Posts

No social media posts available

Addresses Analysis

Holding Amount

Wallet addresses by amount held in USD

$0-$1K98.48%
$1K+0.06%
$1k-$100K+1.46%

Time Held

Traders are addresses that have been holding for less than one month; holders are addresses that have been holding for longer than one year.

Cruisers12.09%
Holders85.99%
Traders1.92%

Whale Holdings

Whales are wallet addresses holding over 1% of the circulating supply.

Others12.61%
Whales87.39%

Wallet addresses by amount held in USD

$0-$1K98.48%
$1K+0.06%
$1k-$100K+1.46%

Similar Coins to SNX

Best Match
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$0.057
0.11%
2nd Match
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$0.00773
0.08%
3rd Match
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$0.00684
0.08%
4th Match
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$0.448
0.12%
5th Match
F logo
F
$0.00582
0.08%
6th Match
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$0.233
0.12%

Whitepaper Summary

Synthetix is a user-friendly decentralized finance (DeFi) protocol that makes trading derivatives and accessing liquidity easier for everyone. It works like a giant shared pool of money that lets people trade different types of financial products without needing a direct buyer or seller. The platform focuses on making complex trading simple while maintaining the security benefits of blockchain technology. This innovative system allows for instant trades and fair pricing, making it accessible to both new and experienced traders.

News

Coinmarketcap
7.0
22:12 PMCoinmarketcap
Teen Linked to Alleged $19 Million Theft Network Raises Crypto Concerns
  • Theft Allegation Unveiled: Blockchain investigator ZachXBT has linked a teenage cryptocurrency personality to an alleged theft network responsible for $19 million, drawing attention to the origins of flaunted crypto wealth, although the individual's identity remains undisclosed to reflect the unverified nature of the claims.
  • Contrast of Wealth and Theft: ZachXBT highlights a stark contrast between the teen's public displays of cryptocurrency wealth and the alleged theft network, which may amplify scrutiny from regulators and law enforcement, raising concerns about the integrity of the crypto ecosystem.
  • Trust Crisis in the Industry: Large-scale theft allegations undermine trust across the crypto landscape, as public flaunting of wealth tied to stolen funds could lead to stricter regulatory proposals, thereby impacting the industry's reputation and investor confidence.
  • Investor Risk Assessment: Such allegations serve as a reminder for investors that due diligence extends beyond price movements, necessitating an understanding of how exchanges manage compliance and asset integrity, especially under pressure to identify and freeze stolen funds.
Coinmarketcap
4.0
22:12 PMCoinmarketcap
U.S. Dollar Rallies as Producer Inflation Data Keeps Fed Rate Hike Possibility Alive
  • Producer Price Index Rise: The U.S. Labor Department reported a 0.4% month-over-month increase in the producer price index for January, surpassing economists' expectations of 0.2%, with annual inflation accelerating to 2.8%, indicating persistent wholesale price pressures that could complicate the Fed's policy decisions moving forward.
  • Market Expectation Shift: Following the PPI release, futures markets adjusted the likelihood of a rate cut at the Fed's March meeting to just 8%, down from 15% a week earlier, reflecting a cautious market sentiment regarding future interest rate policies, especially if inflation does not moderate.
  • Dollar Strength Impact: The dollar index rose 0.6% to 104.50, reaching a nearly three-week high, with the euro, pound, and yen all depreciating against the dollar, particularly as the yen approaches historical intervention levels, highlighting the significant interest rate differential between the U.S. and Japan that bolsters dollar appeal.
  • Consumer and Corporate Implications: A stronger dollar may help lower the cost of imported goods, potentially providing some relief from inflation for U.S. consumers, but it reduces the dollar value of overseas earnings for multinational corporations, while increasing debt servicing costs for emerging economies, thereby exerting pressure on local currencies.
Coinmarketcap
4.0
22:12 PMCoinmarketcap
ECB's Lane: Current Energy Shock Hits Weaker Demand Environment
  • Economic Environment Shift: ECB Chief Economist Philip Lane highlighted that the current energy price surge occurs in a significantly less demand-supportive economic backdrop compared to 2022, indicating a potentially greater impact on economic activity.
  • Depleted Household Savings: Lane emphasized that household savings built up during the pandemic have largely been depleted, and businesses are facing tighter credit conditions, suggesting that the transmission of higher energy prices into weaker demand could be faster and deeper than two years ago.
  • Inflation and Monetary Policy: While eurozone inflation has eased from double-digit highs, it remains above the 2% target, and Lane's analysis implies that the central bank must balance the risks of persistent inflation against the potential for economic recession, influencing future policy decisions.
  • Significant Industry Impact: Energy-intensive sectors such as chemicals, metals, and transport are particularly affected, as reduced consumer disposable income limits businesses' ability to pass on costs, potentially leading to broader economic slowdowns.
Coinmarketcap
4.0
22:12 PMCoinmarketcap
Euro Weakens Against Pound as Traders Await Eurozone GDP Data
  • Market Expectations: The euro faces mild selling pressure as traders anticipate that upcoming Eurozone GDP data will indicate slower economic growth, which could lead to a more dovish stance from the European Central Bank, further weighing on the euro's value.
  • Pound Support Factors: The British pound finds support from the Bank of England's relatively hawkish monetary policy, despite domestic challenges such as sluggish growth and persistent inflation, making the EUR/GBP exchange rate reflect a divergence in economic performance between the two regions.
  • Data Focus for Traders: The forthcoming Eurozone GDP report will provide the first official estimate for Q3, with market consensus pointing to modest expansion; however, risks are tilted to the downside due to recent weak manufacturing data, and any deviation from expectations could trigger volatility in the EUR/GBP pair.
  • Long-term Trend Analysis: While the euro's near-term direction hinges on the upcoming data, the broader trend suggests a continued preference for the pound, particularly until the European Central Bank signals a clearer policy direction, prompting traders to remain alert to intraday fluctuations following the data release.

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Frequently Asked Questions

What is price prediction 2025 for SNX Crypto?

I'm sorry, but I couldn't process your request at this time.

What is surpport and resistant level for SNX Crypto?

The S1 support level for SNX Crypto is $0.322 ,The R1 resistant level for SNX Crypto is $0.368.

What is the current price of SNX Crypto?

The price of SNX Crypto was $0.339.

What is the market cap of SNX?

The market cap of SNX is $120.9M.