Entities

Synthetix

Synthetix

Entity Type
Industry
Location
Founding Date
2017

Synthetix is a decentralized synthetic asset issuance protocol that serves as the backbone for derivatives trading in DeFi. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). Synthetix currently supports synthetic fiat currencies, cryptocurrencies, and commodities.

  • Since its launch, Synthetix has processed over $1 billion in transaction volume.
  • Total Value Locked in Synthetix: $858,888,893 (as of December 2020)