Synthetix (formerly Havven) is designed for engineers building decentralized, trustless networks. The Synthetix Network Token (SNX) supports various synthetic assets, including USD-pegged fiat currencies, precious metals, indices, and even other cryptocurrencies.
SNX Tokenomics & Price Analysis
Gain a quick overview of SNX's token economic data, including market cap, supply metrics, FDV, and historical prices to assess its current market position.
| Metric | Value |
|---|---|
| Market Cap | $198.04M |
| Total Supply | 339.89M SNX |
| Circulating Supply | 343.47M SNX |
| Fully Diluted Valuation (FDV) | $195.98M |
| All-Time High | $28.9291 |
| All-Time Low | $0.0326 |
SNX Token Economic Model: Key Metrics & Use Cases
Understanding SNX's tokenomics is critical for evaluating its long-term value, sustainability, and growth potential.
Essential Token Economic Indicators:
- Total Supply: Maximum SNX tokens created or to be created.
- Circulating Supply: Tokens currently available for public trading.
- Max Supply: Hard cap of SNX tokens (if applicable).
- FDV: Current price × max supply, projecting total market cap at full circulation.
- Inflation Rate: Speed of new token issuance, affecting scarcity and long-term price trends.
Why These Metrics Matter for Traders:
- High circulating supply = Strong liquidity
- Limited max supply + low inflation = Long-term price appreciation potential
- Transparent token allocation = Increased trust, reduced centralization risks
- High FDV vs. low current cap = Possible overvaluation signal
👉 Track SNX's real-time price movements for timely investment decisions.
Buying SNX: A Step-by-Step Guide
Interested in adding SNX to your portfolio? Purchase SNX securely via:
- Credit/debit card
- Bank transfer
- P2P trading platforms
SNX Price History & Trends
Analyzing historical price data helps identify:
- Past market cycles
- Key support/resistance levels
- Volatility patterns
Notable milestones:
- ATH: $28.93 (2021 bull run)
- ATL: $0.0326 (early adoption phase)
SNX Price Predictions
While future prices remain uncertain, consider these influencing factors:
- DeFi adoption rates
- Staking reward adjustments
- Synth trading volume growth
FAQ Section
Q: What determines SNX's value?
A: Key factors include Synthetix platform usage, staking rewards, and demand for synthetic assets.
Q: How does SNX's inflation rate compare to other DeFi tokens?
A: SNX maintains a controlled inflation model (currently ~2.5% annually) to balance staker incentives with token scarcity.
Q: Where can I stake SNX?
A: Official Synthetix staking contracts offer variable APYs based on network activity. Always verify contract addresses.
Q: What's the difference between circulating and total supply?
A: Circulating supply excludes locked tokens (e.g., team allocations, treasury reserves), while total supply includes all minted tokens.
Why Choose Reputable Exchanges?
When trading SNX, prioritize platforms with:
- Industry-leading liquidity
- Transparent reserve audits
- Competitive fees (0.1% or lower)
- Responsive customer support
👉 Discover secure SNX trading options with institutional-grade security.
Disclaimer
Token economic data is dynamic. Always conduct independent research before investing. Past performance doesn't guarantee future results.