InformationTVLFees and RevenuePerp VolumeForks

Synthetix v1+v2 (SNX)

Total Value Locked$1,607

TVL by Chain

OP Mainnet$1,300

Ethereum$307.06

Key Metrics

Fees (Annualized)$570,204

Fees 30d$46,738

Fees 24h$364

Cumulative Fees$80.93m

Revenue (Annualized)$570,204

Revenue 30d$46,738

Revenue 24h$364

Cumulative Revenue$80.93m

Holders Revenue (Annualized)$570,204

Holders Revenue 30d$46,738

Holders Revenue 24h$364

Cumulative Holders Revenue$80.93m

Perp Volume 30d$84.5m

Perp Volume 24h$407,921

Cumulative Perp Volume$55.482b

Total Raised$46.05m

Sep 29, 2017$250,000Round: SeedInvestors: George Burke

Mar 1, 2018$30mRound: ICOInvestors: Buck Stash, George Burke, Infinite Capital

Oct 29, 2019$3.8mRound: Investors: Framework Ventures

Dec 15, 2020$12mRound: Investors: Coinbase Ventures, Paradigm, IOSG Ventures

Protocol Information

Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi.

Category:Synthetics

Audits:

WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees generated on each synthetic asset exchange, between 0.1% and 1% (usually 0.3%)View code on GitHubRevenue: Fees paid by users and awarded to SNX stakersView code on GitHubHolders Revenue: Fees are granted proportionally to SNX stakers by automatically burning outstanding debt (note: rewards not included here can also be claimed by SNX stakers)View code on GitHubPerp Volume: Notional volume of all trades in the protocol, includes leverageView code on GitHub

Competitors

Alchemix ($39.54m)Metronome Synth ($20.82m)Outcome Finance ($17.3m)Rumpel Labs ($15.54m)Wrap Protocol ($1.12m)CVI Finance ($336,030)Yam Finance ($236,317)Domination Finance ($43,106)Crafting Finance ($11,367)QIAN ($5,177)