Synthetix
SNXLive since 18 December 2025, about 9 months. Machine-drafted, not yet checked by a person.
Synthetix is a platform for trading perpetual futures, a type of leveraged crypto contract, that runs on the Ethereum blockchain. Of the 11 things it promised, it delivered 6, 3 are past due and not yet checked, 2 are still open (1 with no date); the next dated step is Q3 2026. It trades at $0.2062, #237 of all coins by size, 99% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. Delivered 6 of 11, 3 past due, not yet checked. Next step in 15 days. #2 of 6 synthetic issuers. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: a stable digital dollar
- ✓Real backingBacking: backed by Paradigm; in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
- ✓Something aheadAhead: next dated step Q3 2026; 6 of 11 promises delivered
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Backed by Paradigm and 1 more
- Origin11 March 2018about about 8 yearsFrom AU (CoinGecko)synthetix.io, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingParadigm, Coinbase VenturesInvestor tags from CoinGeckoIndex: GMCI Index, Coinbase 50 IndexListed on Coinbase, Crypto.com, Kraken, Binance
- Standing on the record6 of 111 confirmed by outside news, 3 past due, not yet checked4 headlines last month122,480 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Synthetic Issuer ($4.06M). To match the leader, AWE Network ($120.77M), its price would need to rise 1%, to about $0.208.
Still to check
- Only 4 headlines named it last month
What to do Add it to My coins and come back on Q3 2026, when it says it will deliver: Synthetix aims to have at least $15 million of its sUSD stablecoin deposited in the SLP vault by the end of the third quarter of 2026. That step does not add use of the coin, so it is a date to watch, not a reason to hold. If it lands, the record moves; if it slips, so does the case.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
6 of 11
promises delivered, by the project's own pages
1 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
delivered open past due, not yet checked today. Click a point to open that promise.
- Past dueApril 2026Synthetix said it would launch its first commodity trading market, WTI crude oil, in April 2026.138 days overdue, not yet checkedProof No article or release reports it shipping. Checked 12 September 2026.
- Past dueQ2 2026Synthetix will open its SLP liquidity and market-making vault to public deposits by the end of the second quarter of 2026.77 days overdue, not yet checkedProof No article or release reports it shipping. Checked 12 September 2026.
- Past dueJune 2026Synthetix plans to add forex markets and a market it calls 'Redacted' next, scheduled for June 2026.77 days overdue, not yet checkedProof No article or release reports it shipping. Checked 12 September 2026.
- OpenQ3 2026Synthetix aims to have at least $15 million of its sUSD stablecoin deposited in the SLP vault by the end of the third quarter of 2026.15 days away
- Openno dateSynthetix will let traders stake SNX tokens to earn extra Snaxpot lottery tickets, with larger stakes earning more tickets.
Details
“Stake SNX for a Ticket Multiplier (Coming Soon) SNX is the backbone of the Synthetix ecosystem. We believe that Synthetix bulls should be rewarded for staking their SNX, and as a result, there will be a tiered multiplier system that will grant an increased number of tickets depending on the amount of SNX staked in a trader's account.”
- Delivered17 December 2025Synthetix said it would relaunch perpetual futures trading on Ethereum Mainnet on 17 December 2025.delivered 18 December 2025Only the project's own word so farProof Only its own page says so; no article found.
- DeliveredQ4 2025Synthetix said that when it launched perpetual futures trading on Ethereum Mainnet in the fourth quarter of 2025, traders would be able to post a portfolio of multiple assets, including yield-bearing assets, as margin.delivered 3 June 2026Confirmed by Coinpedia, 13 July 2026Proof Synthetix Price Prediction 2026 – 2030: SNX Price To Hit $2? Coinpedia, 13 July 2026
Details
“Synthetix is bringing perps to Ethereum Mainnet in Q4 2025, and one of the most important features at launch will be multi-collateral margin. Traders will be able to post a portfolio of assets as margin, including yield-bearing collateral, keeping those assets productive while they”
source · snapshot · captured 2026-09-11
Only ETH and USDT are supported as margin per the site's own FAQ; the 'portfolio of assets, including yield-bearing collateral' described in this promise is not evidenced as delivered in the captured pages. source · snapshot · captured 2026-09-11
- DeliveredQ4 2025Synthetix said it would launch a perpetual futures exchange on Ethereum Mainnet during the fourth quarter of 2025.delivered 18 December 2025Only the project's own word so farProof Only its own page says so; no article found.
- Deliveredno dateSynthetix will add more types of crypto collateral for margin trading, starting with ETH, then cbBTC, then a wider set of assets.delivered 3 June 2026Only the project's own word so farProof Only its own page says so; no article found.
Details
“Next: phased rollout starting with ETH, then cbBTC, then a broader basket. Traders will see new deposit options appear directly in the app - no migration, no new account, just more assets you can use as margin.”
source · snapshot · captured 2026-09-11
Only the ETH step of the rollout is evidenced in the captured pages; cbBTC and the 'broader basket' are not confirmed as delivered. source · snapshot · captured 2026-09-11
- Deliveredno dateSynthetix will add TWAP orders that split a large trade into smaller pieces spread out over time.delivered 8 May 2026Only the project's own word so farProof Only its own page says so; no article found.
- Deliveredno dateSynthetix will add scaled orders that automatically place a series of smaller orders across a price range.delivered 11 May 2026Only the project's own word so farProof Only its own page says so; no article found.
What is next, and when?
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15 days
until Q3 2026: Synthetix aims to have at least $15 million of its sUSD stablecoin deposited in the SLP vault by the end of the third quarter of 2026.
Everything still to come, soonest first
- Q3 2026Synthetix aims to have at least $15 million of its sUSD stablecoin deposited in the SLP…15 days
Recorded 1 May 2026. Date moved 0 times. The ring is how much of the time between the promise and its date has passed.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
19 coins we checked say they are for a stable digital dollar, worth $272.99B together. #16 of 19 by worth.
Synthetic Issuer: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Synthetix$119.69Mthis coin−4.1%no max6 of 11 delivered
AWE Network$120.77Mabout the same size+2.3%, gap +6.497% outno record
UMA$32.76M3.7× smaller, −$86.93M−3.5%, gap +0.7no maxno record
Cryptex Finance$4.06M29.5× smaller, −$115.63M+25.2%, gap +29.393% outno record
Metronome$4.03M29.7× smaller, −$115.66M−0.7%, gap +3.460% outno record
Indigo Protocol$1.58M75.8× smaller, −$118.11M−17.1%, gap −13.055% outno record
Synthetic Issuer: this coin next to AWE Network, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Synthetix says
- Synthetix is a platform for trading perpetual futures, a type of leveraged crypto contract, that runs on the Ethereum blockchain.
- AWE Network says
- STP (Becoming AWE Network) is opening the portal to Autonomous Worlds where AI Agents collaborate, adapt and evolve.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Synthetix is a platform for trading perpetual futures, a type of leveraged crypto contract, that runs on the Ethereum blockchain.
Its listing puts it this way: Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet. 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.
Problem it says it solves: a stable digital dollar. 27 coins we have checked say the same; together they are worth $275,379,450,817.
Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $28.53 on 13 February 2021. Today is 1% of that.
100%
of all SNX that will ever exist is already out in public hands: 580.98M coins.
0% (423.63K coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
- A vote on how the project is run
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 580.98Min circulation of 581.4M total. No hard maximum is set, so more can be created.
- of its all-time high of $28.53 on 13 February 2021. That is −99.3% from the top.
- #237by market cap, $119,688,860.
- 11 March 2018first block, as listed by CoinGecko.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
4 headlines named this coin in the last month.
What they were about
- Price1
- SNX Climbs 80% as $1 Million Competition Nears, but Some Critics See Pump-and-Dump Pattern
- Upbit to End Synthetix (SNX) Trading Support on Sept. 28
- UPBIT 将下架 Synthetix (SNX) 相关交易对
- SNX Climbs 80% as $1 Million Competition Nears, but Some Critics See Pump-and-Dump Pattern
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Synthetix is a platform for trading perpetual futures, a type of leveraged crypto contract, that runs on the Ethereum blockchain.
“Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet.”source · snapshot · captured 2026-09-11
Live since 18 December 2025, about 9 months.
6 of 11 promises delivered. 3 past due with no delivery recorded, not yet checked by a person. 2 open.
Others in decentralised exchanges: XRP 2 of 3, Fluid 0 of 7, Stellar 0 of 20, THORChain 0 of 1.Others in stablecoins: Cap 3 of 10, A7A5 0 of 3, Frax USD 0 of 1, Kaia 0 of 2, and 3 more.
No public code repository is listed in this record.
None of the project's captured pages has changed since capture began on 10 September 2026.
Next deadline: Q3 2026 (by 30 September 2026), in 15 days.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.