Synthetix is a distributed perpetual futures protocol built on Ethereum Mainnet. In practice, 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.
In practice, traders get CEX-like performance with on-chain security and composability. In practice, 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. Latest snapshot shows market cap near $99,067,230, 24h volume around $15,542,760, 24h change down 3.94%. DexBrief is currently monitoring a live market route on Ethereum via Uniswap. Current market coverage for this page is being assembled from 2 public market feeds.
Public metadata currently describes Synthetix as a token with a not-mineable issuance model and centralized structure. Contract references point to Ethereum as the primary asset platform. Public reference history for this asset dates back to 2018-03-11. Available contract and metadata references point back to the Ethereum network. Common classification tags include Decentralized Exchange (DEX), Exchange-based Tokens, and Decentralized Finance (DeFi). Public contract references currently span Ethereum, Harmony, Huobi Token.