Synthetix (SNX) Price
SNX RANK #233The price of Synthetix (SNX) is calculated in real-time by aggregating the latest data across 97 exchanges and 131 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko. 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. Synthetix Mainnet Perps offer the only hybrid model combining off-chain speed with on-chain finality on Ethereum. The system supports multi-collateral margining—including yield-bearing assets like wstETH—so traders can earn yield while using collateral to trade. Orders are private, protecting trader strategies, while SLP vault depositors supply liquidity and share in fees. Staked SNX acts as a backstop to the SLP vault, ensuring solvency even under extreme market conditions.
