Synthetix Hits One Day Volume of $131.13 Million (SNX)

Synthetix (SNX) traded 4.7% higher against the dollar during the 24-hour period ending at 22:00 PM Eastern on August 5th. One Synthetix coin can now be bought for $4.05 or 0.00017445 BTC on popular exchanges. During the last week, Synthetix has traded 3.7% higher against the dollar. Synthetix has a total market cap of $465.27 million and $131.13 million worth of Synthetix was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • BITCOIN ADDITIONAL (BTCA) traded 1.4% higher against the dollar and now trades at $23,221.36 or 0.99990000 BTC.
  • Binance USD (BUSD) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00004304 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0% lower against the dollar and now trades at $1.00 or 0.00004305 BTC.
  • Polygon (MATIC) traded up 1.2% against the dollar and now trades at $0.92 or 0.00003969 BTC.
  • Mammoth (MMT) traded 5.3% lower against the dollar and now trades at $0.84 or 0.00003620 BTC.
  • yOUcash (YOUC) traded 0% higher against the dollar and now trades at $0.51 or 0.00002202 BTC.
  • FTX Token (FTT) traded up 3.9% against the dollar and now trades at $30.69 or 0.00132147 BTC.
  • Chainlink (LINK) traded up 3.9% against the dollar and now trades at $7.79 or 0.00033546 BTC.
  • Geegoopuzzle (GGP) traded 6.2% lower against the dollar and now trades at $14.31 or 0.00061616 BTC.

Synthetix Coin Profile

Synthetix (CRYPTO:SNX) is a coin. It launched on March 11th, 2018. Synthetix’s total supply is 215,258,834 coins and its circulating supply is 114,841,533 coins. The official website for Synthetix is www.synthetix.io. The Reddit community for Synthetix is https://reddit.com/r/synthetix_io and the currency’s Github account can be viewed here. Synthetix’s official message board is research.synthetix.io. Synthetix’s official Twitter account is @synthetix_io and its Facebook page is accessible here.

According to CryptoCompare, “Synthetix (SNX) is a rebranding of Havven.io (HAV). Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism is designed to solve the liquidity and slippage issues experienced by DEX’s. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived. Trading on Synthetix.Exchange does not require the trader to hold SNX.   “

Synthetix Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Synthetix directly using US dollars. Investors seeking to acquire Synthetix should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Synthetix using one of the aforementioned exchanges.

Receive News & Updates for Synthetix Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Synthetix and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.