Synthetix
SNX#246$0.210567+0.16%
Synthetix (SNX) is a traded crypto-asset with a market capitalization near $126.9 million. SNX changes hands around $0.21732 and sits at rank 321 by market value, placing it outside the top 300 crypto-assets while still showing visible daily trading activity. Synthetix itself is a decentralized protocol built on Ethereum that lets users mint synthetic assets tracking the price of currencies, commodities, and other instruments, with SNX serving as the native collateral token. The 24-hour volume sits near $10.0 million, roughly 8% of the market cap. That turnover offers a useful signal: SNX is not dormant, but its liquidity picture is defined by a smaller market base than the largest coins. For anyone watching entries, exits, or short-term momentum, the ratio of volume to market cap is one of the cleaner numbers to track. The main limitation? A mid-ranked asset can move quickly when order flow shifts. A single day of volume does not prove stable liquidity, and the quoted price can change during active sessions. This Synthetix analysis July is best grounded in live price, market-cap rank, and recent trading activity, with attention to the gap between daily turnover and total market value. That focus keeps the read tied to measurable activity instead of headline noise, especially when conditions shift intraday.
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Synthetix (SNX) is a crypto asset priced around $0.21732, with a market cap near $126.9 million. Its 24-hour volume is close to $10.0 million, so reading price and volume together helps when tracking short-term moves.
Smart contract risk scan — checks for honeypots, hidden taxes and more.
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from September 25, 2026
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Rating
Confidence
Synthetix (SNX) trades at $0.256085 after gaining 10.45% in 24 hours, 20.98% over seven days, and 10.56% over 30 days. Fear & Greed stands at 71, labeled Greed, showing strong market optimism but also greater vulnerability to a sentiment reversal. Contract data offers some reassurance through a 75/100 security score, open-source code, no proxy structure, and no honeypot flag. However, the ten largest tracked balances account for 74.84% of tokens, creating substantial ownership concentration. Tracked locked or backed capital is about $845,100, compared with a market capitalization of $148.6 million and a market-cap-to-TVL ratio of 176.4; this is a scale comparison and does not establish usage growth or price direction. For investors, recent momentum is encouraging, but unavailable on-chain flows, development activity, and token-unlock information leave major questions about whether that momentum can last.
No current news available at this time. There are therefore no verified Synthetix-specific headlines or events that explain the latest rise. The advance instead coincides with broad crypto-market optimism, reflected in a Fear & Greed reading of 71. Rising inflation and a strengthening US dollar provide a less supportive backdrop, so the move cannot be linked to an entirely favorable macro environment.
SNX is priced at $0.256085, with gains of 10.45% over 24 hours, 20.98% over seven days, and 10.56% over 30 days. The seven-day increase exceeding the 30-day increase shows that most of the net advance occurred recently, following weaker performance earlier in the month. Trading volume is $12.15 million against a market capitalization of $148.6 million, showing lively trading activity; how many participants are behind it cannot be inferred from volume alone. The move coincides with market Greed, but price strength does not prove lasting demand because on-chain flows and future token-supply changes are unavailable.
Fear & Greed is at 71, labeled Greed, and has remained stable over seven days; this reflects confident risk appetite but also increases sensitivity to disappointing news or a shift in sentiment. The Federal Funds Rate is unchanged at 3.63%, so monetary policy is not providing a fresh catalyst. Inflation rose to 3.71% from 3.54%, while the US Dollar Index increased to 119.5, both of which create a more difficult environment for speculative assets. Current regulatory-development information and market-wide stablecoin-supply data are unavailable, so those parts of the market backdrop cannot be evaluated.
The picture is balanced but fragile: price momentum and several contract-security indicators are constructive, while ownership concentration and macroeconomic conditions create clear risks. Confidence is limited because development, on-chain flow, and token-unlock data are unavailable.
SNX gained 20.98% over seven days, with the move occurring while the broader crypto market showed Greed at 71. No current Synthetix-specific news is available, so the rise aligns more clearly with broad market optimism and active trading than with a verified project event.
The main strengths are recent momentum, active trading, open-source code, and a 75/100 security score. The largest risks are 74.84% concentration among the ten largest tracked balances, unresolved contract-control flags, uncertain future token supply, and unavailable activity data.
Market sentiment as a contrarian reality check for this analysis.
Balanced sentiment
Sentiment is balanced. In this zone, coin-specific fundamentals and on-chain data usually matter more than macro mood alone.
Historical BTC performance
When the index sat between 40 and 59, BTC historically moved an average of +3.0% after 30 days and +9.0% after 90 days.
Current
48
out of 100
Neutral
Synthetix (SNX) is changing hands at $0.208635, with a market capitalization of roughly $121.2 million and 24-hour volume of $6.3 million. This coin analysis shows SNX up 4.9% over the past 30 days, though a 1.8% weekly dip signals that momentum has cooled recently. The Fear & Greed Index sits at 63 (Greed), but its slide from 73 over the past week hints at fading optimism across crypto markets generally. Contract security stands out as SNX's clearest strength, backed by an 85/100 trust score, open-source code, no transaction taxes, and no honeypot warning. For anyone tracking this coin forecast, the solid security profile and monthly gain need to be weighed against high token concentration, just $850,500 locked in Synthetix V4, rising inflation, and gaps in developer, on-chain-flow, and token-unlock data.
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$0.210567
24h
+0.16%
7d
-5.38%
30d
-10.63%
Max supply isn't known.