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SNX Overview

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Intellectia
24H High
0.256
24H Low
0.221
24H Volume
3.58M
24H Volatility
15.84%
All Time High
28.981
All Time Low
0.221
Correlation with BTC
0.82
Return On Investment
-92.26%
Market Cap
81.76M
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 June 6, 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 June 6, 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

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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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2nd Match
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$4.360
0.36%
3rd Match
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$0.0406
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4th Match
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$0.00000408
0.36%
5th Match
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$0.542
0.33%
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$1.049
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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
5.0
05:12 AMCoinmarketcap
Helium CEO Amir Haleem Steps Down Amid Leadership Transition
  • Leadership Change: Amir Haleem, co-founder and CEO of Helium, has stepped down, marking a significant transition for the decentralized wireless network project, which may impact the company's future strategic direction and market confidence.
  • Business Continuity Risks: Haleem's departure raises concerns about operator confidence in the Helium network, particularly as it relies on a distributed base of hardware operators deploying hotspots and mobile radios, where leadership stability directly influences partnership momentum.
  • Market Reaction Expectations: CEO departures in crypto infrastructure projects typically trigger short-term volatility in associated tokens, and HNT token holders and network participants will closely monitor Nova Labs' succession planning to assess potential impacts on the project.
  • Regulatory Environment Challenges: Amid increasing regulatory scrutiny of crypto projects, Haleem's resignation may compel Nova Labs to navigate policy changes more effectively, especially in light of recent crypto tax draft proposals.
Coinmarketcap
4.0
05:12 AMCoinmarketcap
Jobs Data Complicates Rate Cut Bets
  • Confusing Labor Market Signals: In May, the U.S. nonfarm payrolls rose by 172,000, with the unemployment rate steady at 4.3%, but a 93,000 upward revision to March and April figures indicates economic resilience, potentially delaying the Fed's rate cut timeline and impacting liquidity expectations in the crypto market.
  • Muted Crypto Market Reaction: Bitcoin dipped 0.8% following the report, and while immediate price movements were limited, the longer-term risk of repricing rate-sensitive assets has increased, prompting traders to trim expectations for a September rate cut.
  • Institutional Investor Caution: Despite tokenization markets crossing $20 billion, institutional investors remain cautious, waiting for clear macro signals; a strong jobs report may postpone capital influx, affecting the growth potential of crypto products.
  • Uncertain Future Outlook: The market is now focused on next week's CPI data; if inflation proves unfavorable, the current jobs data could signal that the Fed has no reason to ease, putting Bitcoin at risk of retesting support levels, while the overall crypto market awaits new catalysts to break out of its current range.
Coinmarketcap
4.5
05:12 AMCoinmarketcap
Crypto Fear and Greed Index Drops to 12 Amid Bitcoin Decline
  • Fear Index Plummets: On June 6, the Crypto Fear and Greed Index fell to 12, indicating extreme fear in the market, down from 13 on June 5, reflecting a pessimistic outlook among investors regarding market conditions.
  • Bitcoin Price Decline: Bitcoin's price dropped to $61,100, marking its lowest level since February, and the overall market decline has led to widespread losses across major coins, further exacerbating investor anxiety.
  • Increased Fund Outflows: According to JPMorgan, spot Bitcoin ETFs recorded their 13th consecutive day of net outflows, with nearly $400 million withdrawn on Wednesday alone, totaling over $4 billion in outflows since mid-May, indicating significant selling pressure from institutional investors.
  • Historical Low Points: The Fear and Greed Index reading of 12 is close to historical lows typically associated with market capitulation; while past instances have led to eventual recoveries, the timing has varied significantly, prompting investors to approach the current situation with caution.
Coinmarketcap
5.0
05:12 AMCoinmarketcap
Aave Launches Glass Design Framework to Enhance User Experience
  • Framework Launch: Aave has unveiled the Glass design framework aimed at enhancing the user interface of its mobile and web applications, making them more modern and tactile to improve user interactions with DeFi products.
  • User Experience Enhancement: The Glass framework introduces refraction, depth, and motion effects to make interface components feel more like physical objects, addressing the user experience gap in DeFi applications, particularly in complex lending and risk management scenarios.
  • Cross-Browser Compatibility: The design is compatible with modern browsers, including Safari, ensuring users can enjoy a smooth interface experience across different platforms, thereby enhancing Aave's competitiveness in the DeFi market.
  • Product Integration Potential: The unified interface provided by Glass facilitates seamless transitions for users between lending, borrowing, and market navigation, strengthening Aave's consumer identity and pushing DeFi further towards mainstream financial software.

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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 $0.236 ,The R1 resistant level for SNX Crypto is $0.311.

What is the current price of SNX Crypto?

The price of SNX Crypto was $0.224.

What is the market cap of SNX?

The market cap of SNX is $81.8M.