What are Synthetix Synths?

Synths are synthetic tokens on Synthetix that track the price of external assets — sUSD tracks the US dollar, sBTC tracks Bitcoin's price, sETH tracks Ethereum's price, and so on.

Can I swap SNX without KYC?

Yes. SyntheticSwap allows SNX swaps with no account or identity verification.

How do SNX stakers earn rewards?

SNX stakers earn two types of rewards: SNX token inflation rewards (for minting sUSD) and a share of trading fees generated by Synthetix exchange activity.

sUSD is Synthetix's synthetic stablecoin, pegged to the US dollar and backed by staked SNX collateral at an overcollateralized ratio.

Why is Synthetix on Optimism?

Synthetix migrated to Optimism (Ethereum Layer 2) to reduce transaction fees from $50+ to under $0.50, making staking and trading economically viable for smaller users.

Home/Supported Coins/Synthetix

Synthetix

Decentralized Synthetic Asset Protocol

Launch Year

2018

Consensus

Proof of Stake

Max Supply

Unlimited (inflationary)

Block Time

~12 seconds / ~2 seconds

SNX

Synthetix

Price—

24h Change—

Market Cap—

Volume (24h)—

Circulating Supply—

Swap SNX Now

No KYC or registration
Non-custodial — your keys, your crypto
1000+ supported exchange pairs
Best available exchange rate

Synthetix Price Chart

SNX / USD

Loading chart…

Data by CryptoCompare

About Synthetix

Synthetix (SNX) is a decentralized protocol on Ethereum and Optimism that enables the creation of synthetic assets (Synths) — tokenized derivatives that track the price of real-world assets including cryptocurrencies, fiat currencies, commodities, and stocks. Users stake SNX as collateral to mint sUSD (synthetic USD) and other Synths, earning staking rewards and a share of trading fees in return. Synthetix powers the derivatives layer for many DeFi protocols and is one of the foundational infrastructure protocols in the Ethereum ecosystem. The protocol migrated much of its activity to Optimism to benefit from lower gas fees.

History

2017

Synthetix launches as Havven, a stablecoin project that issues nUSD backed by HAV tokens.

2018

Havven rebrands to Synthetix, expanding beyond stablecoins to synthetic assets tracking any price feed.

2020

Synthetix migrates to Optimism Layer 2, dramatically reducing gas costs for stakers and traders.

2021

Synthetix becomes a key DeFi building block powering Kwenta, Lyra, and other derivative protocols.

2022

Synthetix V3 development begins, redesigning the protocol for improved capital efficiency and composability.

2023

Synthetix V3 launches on Ethereum and Optimism, enabling permissionless pool creation and new collateral types.

How to Swap SNX

Swapping Synthetix (SNX) on SyntheticSwap requires no registration or KYC. SNX operates across multiple chains including Ethereum, making it compatible with MetaMask, Trust Wallet, Ledger, and most major Web3 wallets. Open SyntheticSwap, select SNX as your source or destination asset, enter your receiving wallet address, and confirm the floating rate. After sending SNX to the provided deposit address, the destination asset is delivered directly to your wallet. No personal information is ever collected — fully non-custodial.

How to Store SNX

SNX is an ERC-20 token on Ethereum and Optimism. MetaMask, Trust Wallet, Ledger hardware wallets, and Coinbase Wallet all support SNX. To stake SNX and earn rewards, users interact with staking.synthetix.io via MetaMask or a compatible wallet. Optimism SNX requires adding the Optimism network to MetaMask.