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$0.0904 (2.93%)

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About Synthetix (SNX)

Synthetix is a decentralized trading ecosystem. It is built on the Ethereum blockchain as an asset issuance protocol, where users can create “synthetic” versions of stocks, crypto, or other financial instruments through smart contracts. There is an exchange as well as a decentralized application (dApp) to facilitate trading of the instruments issued on Synthetix.

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Synthetix Cryptopedia articles

Token Baskets- Automatic Diversification of Crypto Investments -100

Token Baskets: Automatic Crypto Investment Diversification

Cryptopedia Staff5 min read

Gemini-Defi Synthetix What is Synthetix and How Does it Work

What Is Synthetix and How Does It Work?

Kain Warwick6 min read

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Synthetix links and resources

Synthetix website


Learn more on cryptopedia

Ether Cryptopedia