Average Daily Volume
Synthetix Network is currently ranked number 61 worldwide with a daily trading volume of $98,425,167.00, which it will make it super easy for you to sell your holdings of Synthetix Network.
Rating: 5/5
Market Cap
Synthetix Network has a total market cap of $836,286,109.00.
Rating: 5/5
Community
Synthetix Network has 11,257 total followers in all its social media accounts.
Rating: 5/5
All Time High
Synthetix Network is currently -90.63% from its highest price $28.53 on 2021-02-14.
Rating: 5/5
Price Potential
The Synthetix Network price has the potential to increase to $3,684.51 during the next cryptocurrency bull market, which may occur within the next five years.
Overall Score
Our algorithm believes it is an excellent time to invest in Synthetix Network right now.
Overall rating: 5/5
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What Is Synthetix Network?
Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet. Synthetix uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability. The protocol’s liquidity is provided by the Synthetix Liquidity Provider (SLP) vault and backstopped by staked SNX collateral, which underwrites the issuance of the sUSD stablecoin and the solvency of the SLP vault.
