Synthetix

SNX#270DeFi DEX Derivatives and perps Yield Real-world assets

Confirm official data

$0.1789

-79.1%past year

Code is quiet, $4.5K in fees this month, sources differ by ×1.69.

Code

Only 5 commits in 90 days, 4 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1

Last push: Oct 7, 2026

Synthetixio · DefiLlama, CoinGecko

Usage

$4.5K in fees over 30 days

Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 5Nov 4

Revenue, 30d: $4.5K
TVL: $873K

Numbers

Market cap: $103M or $61.2M

CGCMC

Price$0.1778$0.1776Agree

Supply581M345M×1.69

Mcap$103M$61.2M×1.69

Volume$3.64M$6.18M×1.70

The gap comes from supply. Prices match within 0.2%, so the two sources count different amounts of the token as circulating. We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $103M of $103M is real

Selling everything at 2% a day would take 112 days.

Paper (all tokens)$103M

Market cap$103M

Real$103M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price. Venues we didn’t believe: BTCC.

Where it lives

No unknown copies under its ticker

Home contract: Ethereum 0xc011…2a6f9 official deployments

HomeEthereumSynthetix Network Token 0xC011…2a6F$119K

OfficialOptimismSynthetix Network Token 0x8700…99B4$16.6K

OfficialPolygonSynthetix Network Token (PoS) 0x50B7…F68a$8.43K

OfficialBaseSynthetix Network Token 0x22e6…Da66$1.52K

HomePulsechainSynthetix Network Token 0xC011…2a6F$80.4

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$4.31M in open futures, 4.2% of the market cap

Closing them all by force would take 4.7 days of 2% sell depth.

Funding, 8h: +0.01% · longs pay shorts
Futures volume: $2.82M · 0.8× the spot volume · open interest turned over 0.7×
Venues: Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

On-chain