Key Stats

Total Value Locked24H
in USD$2.19B+1.6%
in ETH617.6K ETH-0.5%
in BTC38K BTC-0.8%
SNX Locked116.7M SNX-292.7K SNX
% Supply Locked54.21%
BlockchainEthereum
Most Locked$SNX
Protocol Token$SNX

Total Value Locked (USD) in Synthetix

  • TVL (USD)
  • SNX
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is Synthetix?

Synthetix is a decentralized platform on Ethereum for the creation of Synths: on-chain synthetic assets that track the value of real-world assets. Born as stablecoin project Havven, Synthetix rebranded and expanded its scope prior to launching on mainnet in February 2019. As of March 2020, the Synthetix platform supports over 30 Synths representing fiat currencies, commodities (e.g., gold), and cryptoassets. Stocks, indices, and other derivatives are planned. Synthetix has a native token called SNX. Holders can lock in collateral such as SNX and ETH to mint Synths, which are freely tradeable ERC20 tokens. Transaction fees from Synths exchanged on Synthetix’s non-custodial DEX (Synthetix.Exchange) go to SNX holders/Synth minters, incentivizing Synth creation and giving value to the underlying collateral (i.e., the SNX token).


How to use Synthetix?

The best place to interact with the Synthetix Network is Mintr, where you can mint and burn Synths, collect fees, and more.

Founder Fireside Chat with Eric Chen of Injective Protocol

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. To kick off our Founder Fireside Chat series, we speak with Eric Chen, Co-founder of Injective Protocol, who is working to bring …

2021-03-26Read more >

SIREN – Decentralized Options For Sophisticated Traders

Options trading has become more popular than ever now that anyone can trade from anywhere with a few taps. The barriers to entry have been lowered improving accessibility for the average joe. In case you don’t know, options are financial primitives that give a trader the choice (or the option) to buy or sell an …

2021-03-01Read more >

Introducing Cryptodollars

From their inception, the coins or tokens pegged to the US Dollar, commonly referred to as stablecoins, provided a way for many users to exit positions without exiting crypto. One could make the case that the popularity of tokenized dollars in crypto was a necessary precursor to the DeFi ecosystem we know today. Their liquidity …

2021-02-23Read more >

Futureswap – Decentralized Perpetual Futures with up to 10x Leverage

Recent events have made it all too clear to the average user why decentralization has a key role to play in having a fair and efficient market. Futureswap aims to disrupt the multi-billion dollar perpetual futures trading market currently dominated by centralized services. Futureswap takes a different approach with a hybrid between Uniswap and a …

2021-02-08Read more >