right now

20169.29 0.56%
46.42 -0.45%
53.06 0.49%
0.276 -0.5%
0.0666 0%

Should You Invest In Synthetix?

Get the facts about trading Synthetix before you start. Discuss investment strategies, review market research, and get real-time updates


43,368 Synthetix positions opened on eToro

Synthetix is a derivative liquidity protocol that allows anyone to gain on-chain exposure to a range of both crypto and non-crypto assets. Based on the Ethereum blockchain, the protocol offers users access to highly liquid synthetic assets known as synths, which essentially provide returns on the underlying asset, although it is not held directly by the investor. SNX tokens are the native cryptocurrency used by the protocol and are also traded on various crypto exchanges. Synthetix was originally launched by Kain Warwick in 2017, operating under the name Havven, but was rebranded as Synthetix in 2018. At the ICO 100mn coins were issued, and 60mn tokens were sold, raising around $30mn. SNX tokens have a maximum supply of 212,424,133 coins, of which 114,841,533 were in circulation as of February 2021. The network is secured through proof-of-stake (PoS) consensus, and the SNX token is compatible with Ethereum’s ERC-20 standard. Track the SNX price chart, along with other digital currencies, here on eToro.

Buy SNX Now

Historical Price Charts

Start trading crypto with confidence

Real-time insights

Traders on eToro receive free access to the latest crypto market research & news

Customised risk management

Set Stop Loss and Take Profit parameters to suit your strategy and automatically protect your investments

Practise with $100K

Try out all of the features on eToro’s trading platform risk free with $100,000 in a virtual portfolio

Start Trading
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.