Dependable and diverse yields: Inside the yAxis v3 upgrade and UIRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$654.4M+2.3%
in ETH216.2K ETH+6.7%
in BTC15.2K BTC+6.7%
ETH Locked158.01K ETH0 ETH
% Supply Locked0.13%
Blockchain
Ethereum
Most Locked$WETH
Protocol Token$SNX

Total Value Locked (USD) in Synthetix

  • TVL (USD)
  • ETH
  • 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.

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