◆ Decentralised finance (DeFi) · SNXUSDT
Synthetix Network
Synthetix provides liquidity for derivatives and synthetic assets in DeFi; SNX serves as collateral.
◆ Live market
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24h
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- Ticker
- SNXUSDT
- Category
- Cryptocurrencies
- Type
- Decentralised finance (DeFi)
- Sector
- DeFi
- Market-cap rank
- n°325
- Trading hours
- 24/7
What is Synthetix Network?
Synthetix provides liquidity for derivatives and synthetic assets in DeFi; SNX serves as collateral. Decentralised finance covers protocols providing financial services without intermediaries: decentralised exchanges (DEX), lending and borrowing, derivatives, yield. Rules are coded in smart contracts.
How Synthetix Network works and what gives it value
A DeFi token usually grants governance and sometimes a share of protocol fees (buybacks, distribution). The market rewards protocols generating real, durable revenue.
What moves the price of Synthetix Network
- ◆Trading and borrowing volume on the protocol
- ◆Fees and revenue shared with holders
- ◆Health of the host chain
- ◆Yields and incentives offered
- ◆Regulatory changes
Key metrics to watch
- ◆TVL
- ◆Protocol revenue
- ◆Market cap to fees ratio
- ◆Daily volume
Risks specific to Synthetix Network
- ◆Smart-contract hacks
- ◆Cascading liquidations in sell-offs
- ◆Temporary incentives inflating activity
How to analyse Synthetix Network on GraphTrade
Daily and 4h; buyback or fee-switch announcements often trigger breakouts. Open the SNXUSDT chart, add the indicators below, compare Synthetix Network with similar assets in Performance and ask the AI Compass to explain the latest move with news and macro context.
Themes
Included in: Top 251–500.
◆ Indicators suited to Synthetix Network
◆ FAQ
What is Synthetix Network (SNXUSDT)?
Synthetix provides liquidity for derivatives and synthetic assets in DeFi; SNX serves as collateral.
Why is Synthetix Network going up or down today?
The main drivers are: trading and borrowing volume on the protocol, fees and revenue shared with holders, health of the host chain, yields and incentives offered. The AI Compass cross-references these with today's news.
Which indicators work best on Synthetix Network?
Daily and 4h; buyback or fee-switch announcements often trigger breakouts.
What are the risks of Synthetix Network?
Smart-contract hacks ; Cascading liquidations in sell-offs ; Temporary incentives inflating activity.
What is the market-cap rank of Synthetix Network?
Synthetix Network was ranked #325 by market cap when this page was generated, in the DeFi sector. The live rank appears at the top of the page.
How do I follow Synthetix Network in real time?
Open the free GraphTrade chart for SNXUSDT: price updates live every second, with all indicators.
How do I add Synthetix Network to my portfolio?
Click « Add to portfolio » on this page: the asset joins your active portfolio.
Is this investment advice?
No. GraphTrade provides information and analysis tools only.
◆ Assets similar to Synthetix Network
Information only, not investment advice.