Synthetix Network Token - Frequently Asked Questions

Question 1

What is Synthetix Network Token?

Sharpe Labs · Accepted Answer

Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet. Synthetix uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability. The protocol’s liquidity is provided by the Synthetix Liquidity Provider (SLP) vault and backstopped by staked SNX collateral, which underwrites the issuance of the sUSD stablecoin and the solvency of the SLP vault. Synthetix Network Token operates on the Optimism blockchain network. For more information, visit the official Synthetix Network Token website at https://www.synthetix.io/

Question 2

What is the current price of Synthetix Network Token?

Sharpe Labs · Accepted Answer

The current Synthetix Network Token price today is $0.6776 USD. The Synthetix Network Token (SNX) price has decreased by -3.94% over the last 24 hours. The real-time Synthetix Network Token price is down and updated live based on trading data from decentralized exchanges. You can track SNX price movements to make informed trading decisions.

Question 3

Where can I track Synthetix Network Token price?

Sharpe Labs · Accepted Answer

You can track Synthetix Network Token (SNX) price in real-time on Sharpe DEX Scan at https://sharpe.ai/dexscan/optimism/synthetix-network-token. Our platform provides live Synthetix Network Token price updates, 24-hour price change percentages, interactive TradingView charts with technical indicators, real-time trading volume data, and SNX holder analytics. The Synthetix Network Token price is updated every few seconds, ensuring you have the most accurate market data for trading decisions. Track SNX price movements across multiple timeframes, monitor trading volume trends, analyze holder distribution patterns, and view recent Synthetix Network Token transactions all in one place. Sharpe AI DEX Scanner is the best platform to track Synthetix Network Token price with professional-grade analytics and real-time market data.

Question 4

How many holders does Synthetix Network Token have?

Sharpe Labs · Accepted Answer

Synthetix Network Token currently has 26,393 token holders on the Optimism blockchain network. The Synthetix Network Token holder count represents unique wallet addresses that actively hold SNX tokens. The number of Synthetix Network Token (SNX) holders is regularly updated and reflects the size and growth of the Synthetix Network Token community. More holders typically indicate stronger adoption and community support for Synthetix Network Token. Join the Synthetix Network Token community: Twitter: https://twitter.com/synthetix_io, Discord: https://discordapp.com/invite/AEdUHzt

Question 5

What is the circulating supply of Synthetix Network Token?

Sharpe Labs · Accepted Answer

The Synthetix Network Token circulating supply is currently 343,466,216 SNX tokens. The total Synthetix Network Token supply is 49,866,586 SNX tokens. As of now, 688.8% of the total SNX supply is in active circulation, meaning most of the total supply is available for trading. Synthetix Network Token (SNX) token supply metrics are essential for calculating market capitalization, understanding token distribution, and evaluating scarcity. The circulating supply of Synthetix Network Token directly impacts the token's market value and price dynamics.

Question 6

How to buy Synthetix Network Token?

Sharpe Labs · Accepted Answer

To buy Synthetix Network Token (SNX) on Sharpe AI DEX Scanner, click the Buy button located at the top of the Synthetix Network Token page. This will open a trading interface where you can connect your cryptocurrency wallet (such as MetaMask, Trust Wallet, or Phantom for Solana). Once connected, the interface will show you the current Synthetix Network Token price and allow you to enter the amount of SNX you want to purchase. The Buy button connects directly to decentralized exchanges, making it easy to swap your tokens for Synthetix Network Token. Always verify you have sufficient balance in your wallet and review the transaction details including gas fees before confirming your purchase. Track SNX price movements on Sharpe AI DEX Scanner to find the optimal entry point for buying Synthetix Network Token.

Question 7

How to sell Synthetix Network Token?

Sharpe Labs · Accepted Answer

To sell Synthetix Network Token (SNX) on Sharpe AI DEX Scanner, click the Sell button located at the top of the Synthetix Network Token page, next to the Buy button. This will open a trading interface where you need to connect your cryptocurrency wallet that contains your SNX tokens. Once your wallet is connected, the interface will display your current Synthetix Network Token balance and allow you to enter the amount of SNX you want to sell. The Sell button connects directly to decentralized exchanges, enabling you to swap your Synthetix Network Token for other tokens like USDT or USDC. Review the current Synthetix Network Token price, check the transaction details including slippage tolerance and gas fees, and confirm the transaction in your wallet. Use Sharpe AI DEX Scanner's real-time price charts and trading volume data to determine the optimal time to sell SNX for maximum returns.

Question 8

Is Synthetix Network Token a good investment?

Sharpe Labs · Accepted Answer

Whether Synthetix Network Token (SNX) is a good investment depends on multiple factors including your risk tolerance, investment goals, market conditions, and thorough research. Synthetix Network Token currently has 26,393 holders, which indicates the level of community adoption. Before investing in Synthetix Network Token, consider: 1) Research the project's fundamentals, team credentials, and roadmap. 2) Analyze SNX tokenomics, including total supply, circulating supply, and token distribution. 3) Review the Synthetix Network Token whitepaper and use case to understand the project's value proposition. 4) Monitor SNX price trends, trading volume, and market sentiment on Sharpe AI DEX Scanner. 5) Check Optimism blockchain explorer for contract verification and transaction history. 6) Assess Synthetix Network Token community engagement and social media presence. Cryptocurrency investments carry significant risk due to market volatility. Synthetix Network Token price can fluctuate dramatically in short periods. Never invest more than you can afford to lose, diversify your portfolio across multiple assets, and consider consulting with a financial advisor. Use Sharpe AI's real-time analytics to track Synthetix Network Token performance metrics, holder distribution, and trading patterns before making investment decisions.

Question 9

How can I view Synthetix Network Token transactions?

Sharpe Labs · Accepted Answer

You can view Synthetix Network Token (SNX) transactions in real-time on Sharpe AI DEX Scanner. The Transactions tab displays all recent Synthetix Network Token buy and sell orders, swap transactions, mint and burn events with detailed information including transaction hash, wallet address, transaction type (buy/sell), token amount, USD value, and timestamp. Each SNX transaction shows the exact price at which the trade occurred, allowing you to analyze Synthetix Network Token trading patterns and market activity. You can filter Synthetix Network Token transactions by type (Buy, Sell, Mint, Burn), set price range filters, and search for specific wallet addresses to track whale movements. Click on any SNX transaction to view complete details on the blockchain explorer. Monitor Synthetix Network Token transactions to identify trading trends, spot large buyers and sellers, and understand market sentiment for SNX token.

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