Synthetix (SNX)
Total Value Locked$58.99m
TVL by Chain
Ethereum$58.99m
OP Mainnet$1,267
Arbitrum$0
Base$0
Key Metrics
Fees (Annualized)$7,405
Fees 30d$607
Fees 7d$104
Fees 24h$1
Cumulative Fees$83.81m
Revenue (Annualized)$7,405
Revenue 30d$607
Revenue 7d$104
Revenue 24h$1
Cumulative Revenue$82.05m
Holders Revenue (Annualized)$7,405
Holders Revenue 30d$607
Holders Revenue 7d$104
Holders Revenue 24h$1
Cumulative Holders Revenue$82.05m
Incentives (Annualized)$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$7,405
Earnings 30d$607
Earnings 7d$104
Earnings 24h$1
Cumulative Earnings$82.05m
Perp Volume 30d$0
Perp Volume 7d$0
Perp Volume 24h$0
Cumulative Perp Volume$62.693b
Open Interest$0
Market Cap$159.91m
$SNX Price$0.47
All Time High$28.53
All Time Low$0.035
Fully Diluted Valuation$160.11m
Outstanding FDV$54.97m
$SNX Volume 24h$15.19m
CEX Volume$9.64m
DEX Volume$4.73m(31.1% of total)
Treasury$6.23m
Majors$4.39m
Stablecoins-$973,493
Own Tokens$160,773
Others$2.64m
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 VenturesSource: https://www.theblock.co/linked/44994/defi-project-synthetix-raises-3-8m-from-framework-ventures
Dec 15, 2020$12mRound: Investors: Coinbase Ventures, Paradigm, IOSG Ventures
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Synthetix v1+v2: Fees generated on each synthetic asset exchange, between 0.1% and 1% (usually 0.3%)View code on GitHubSynthetix V3: Fees generated from tradesView code on GitHub
Revenue:
Synthetix v1+v2: Fees paid by users and awarded to SNX stakersView code on GitHubSynthetix V3: Fees paid by users and awarded to LPsView code on GitHub
Holders Revenue:
Synthetix v1+v2: 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 GitHubSynthetix V3: Fees are granted proportionally to LPs by tracking the profit and loss of the positions backed by Synthetix V3View code on GitHub
Perp Volume: Notional volume of all trades in the protocol, includes leverage
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Income Statement for Synthetix
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $2,953 | $391,442 | $502,761 | $1.67m | $6.28m | $2.46m | $3.53m | $9.77m | $10.08m | $8.53m | $8.96m | $6.23m | $1.18m | $13.53m | $10.06m | $529,180 | $103,577 |
| Revenue | $2,953 | $390,833 | $288,187 | $1.22m | $6m | $2.11m | $3.13m | $9.7m | $10.08m | $8.53m | $8.96m | $6.23m | $1.18m | $13.53m | $10.06m | $529,180 | $103,577 |
| Earnings | $2,953 | $390,833 | $288,187 | $1.22m | $6m | $2.11m | $3.13m | $9.7m | $10.08m | $8.53m | $8.96m | $6.23m | $1.18m | $13.53m | $10.06m | $529,180 | $103,577 |
| Token Holder Net Income | $2,953 | $390,833 | $288,187 | $1.22m | $6m | $2.11m | $3.13m | $9.7m | $10.08m | $8.53m | $8.96m | $6.23m | $1.18m | $13.53m | $10.06m | $529,180 | $103,577 |