Current SNX Price Performance (July 2025)
- Current Price: $0.5955 (+6.16% in 24 hours)
- 24-Hour Trading Volume: 12,973,264 SNX ($7,725,895)
- Key Levels:
- Support: $0.4824 (critical hold for bullish momentum)
- Resistance Levels: $0.8221 → $1.18 → $1.66
👉 Track real-time SNX price movements
Market Capitalization and Supply Insights
- Circulating Supply: 115M SNX
- Market Cap: $68.4M (#353 rank)
- Fully Diluted Valuation (FDV): $128.2M
- Wealth Distribution:
- Top 10 addresses hold 19.14% of supply
- Top 100 control 30% ($41M worth)
Historical Performance and ROI
| Metric | Value |
|---|---|
| All-Time High | $26.55 (Feb 2021) |
| All-Time Low | $0.036 (Jan 2019) |
| ICO Price (2018) | $0.67 (-11.12% ROI) |
| 12-Month Volatility | 100.16% |
Technical Indicators
Moving Averages:
– Buy Signals: SMA/EMA (10, 20)
– Sell Signals: SMA/EMA (30, 50, 100, 200)
Oscillators:
– RSI (14): 50.42 (neutral)
– Williams %R: -29.87 (neutral)
Synthetix Network Essentials
- Blockchain: Ethereum (ERC-20)
- Use Case: Synthetic asset trading (Synths)
- Key Features:
- Decentralized oracle price feeds
- Staking rewards for SNX holders
- Community governance via voting
👉 Explore DeFi staking opportunities
Frequently Asked Questions
What is Synthetix Network Token (SNX)?
SNX powers the Synthetix DeFi platform, enabling creation/trading of synthetic assets (Synths) that track real-world assets like currencies and commodities.
How does SNX staking work?
Users collateralize SNX to mint Synths, earning rewards from exchange fees and inflationary SNX distributions.
What’s driving SNX’s recent price surge?
Recent 11% price jump followed Synthetix’s $27M re-acquisition of Derive to enhance mainnet perpetual contracts.
Where can I buy SNX tokens?
SNX is listed on 47 exchanges including Binance, OKX, and Coinbase. Always verify contract address (0xc011a7...d732f) to avoid scams.
What’s the long-term outlook for SNX?
While short-term indicators are mixed, Synthetix’s expanding DeFi ecosystem (e.g., Kwenta acquisition) could drive adoption. Monitor Layer 2 integration progress.
Recent Ecosystem Developments
- Derive Re-Acquisition: Merging options stack into mainnet (29.3M SNX minted)
- Kwenta Integration: Strengthened front-end control for ecosystem alignment
- Upbit Suspension: Temporary SNX deposit halt due to volatility (April 2025)
Note: This analysis is for informational purposes only—conduct independent research before investing.