Synthetix (SNX) continues to hold steady in the dynamic cryptocurrency market, with its value closely watched by traders and long-term investors alike. As of July 4, 2025, the price of 1 SNX is USD 0.5705, reflecting current market sentiment and on-chain activity. This guide provides a detailed breakdown of the SNX to USD conversion, market metrics, and insights into how you can interact with this decentralized finance (DeFi) asset.
Whether you're evaluating investment potential or planning a conversion, understanding real-time pricing and market dynamics is essential. Let’s explore the latest data, trends, and practical steps for engaging with Synthetix in today’s digital economy.
Current SNX to USD Price and Market Overview
At the time of writing, 1 SNX = USD 0.5705. This valuation places Synthetix within a competitive range among DeFi governance tokens. With a circulating supply of 343,466,217 SNX, the total market capitalization of the project stands at $197,546,244.05.
The 24-hour trading volume for Synthetix is recorded at $8,209,610.30, showing a decrease of 28.74% compared to the previous day. While reduced volume may indicate lower short-term volatility, it also suggests cautious market positioning ahead of potential macroeconomic or protocol-level developments.
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Understanding Synthetix (SNX)
Synthetix is a leading decentralized protocol built on Ethereum that enables the creation of synthetic assets—digital representations of real-world financial instruments such as currencies, commodities, stocks, and indices. These synthetic assets, known as Synths, allow users to gain exposure to traditional markets without owning the underlying assets.
SNX serves dual roles:
- Collateral: Users stake SNX tokens to back the issuance of Synths.
- Governance: Holders can vote on protocol upgrades and parameter changes through the decentralized autonomous organization (DAO).
This unique mechanism supports a trustless and scalable financial ecosystem, making SNX a foundational asset in the broader DeFi landscape.
SNX to USD Conversion Table
Below is a quick-reference conversion table for common amounts:
SNX to USD
- 0.01 SNX = 0.005705 USD
- 0.1 SNX = 0.05705 USD
- 1 SNX = 0.5705 USD
- 10 SNX = 5.705 USD
- 100 SNX = 57.05 USD
USD to SNX
- 0.01 USD = 0.01753 SNX
- 0.1 USD = 0.1753 SNX
- 1 USD = 1.753 SNX
- 10 USD = 17.53 SNX
- 100 USD = 175.28 SNX
These conversions are updated in real time based on live exchange rates and are useful for both small-scale investors and traders executing larger positions.
Market Performance and Trends
Synthetix has shown resilience amid shifting crypto market conditions. Over the past 24 hours, the SNX/USD exchange rate has increased, indicating positive momentum despite overall lower trading volume.
Looking further:
- Month-over-month: The price has risen, suggesting growing confidence or renewed interest.
- Year-over-year: SNX has appreciated significantly compared to its value from the same period last year, reflecting long-term adoption trends and protocol improvements.
Market analysts attribute this performance to ongoing enhancements in cross-chain functionality, improved staking rewards, and expanding use cases for Synths across multiple blockchains including Optimism and Base.
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Frequently Asked Questions (FAQs)
What is the current price of Synthetix in USD?
As of July 4, 2025, the live price of 1 Synthetix (SNX) is USD 0.5705. Prices are updated in real time across major exchanges and tracking platforms.
How can I convert SNX to USD?
You can convert SNX to USD through supported cryptocurrency exchanges that offer fiat off-ramping services. After selling your SNX for USD, you can withdraw funds directly to your bank account if the platform supports local currency settlements.
Is Synthetix a good investment in 2025?
Many investors view Synthetix favorably due to its established role in the DeFi derivatives space. Its ability to mint synthetic assets gives it unique utility compared to standard ERC-20 tokens. However, as with any crypto investment, risks such as market volatility, regulatory changes, and smart contract vulnerabilities should be carefully considered.
Can I buy fractional amounts of SNX?
Yes, most platforms allow purchases of fractional SNX units—down to four decimal places. This makes it accessible even with smaller budgets. For example, you can invest $10 and receive approximately 17.53 SNX at the current rate.
What factors influence the SNX price?
Key drivers include:
- Demand for synthetic assets (e.g., inverse ETH or gold Synths)
- Changes in staking requirements and reward yields
- Broader DeFi activity and Ethereum network congestion
- Macroeconomic indicators like interest rates and inflation
Monitoring these elements helps predict potential price movements and optimize entry or exit points.
Where can I store SNX securely?
SNX tokens can be stored in any Ethereum-compatible wallet such as MetaMask, Trust Wallet, or Ledger hardware wallets. For maximum security, especially when staking or participating in governance, cold storage solutions are recommended.
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Final Thoughts on SNX/USD in 2025
Synthetix remains a pivotal player in the decentralized finance ecosystem, offering innovative financial instruments through its synthetic asset model. With a current price of USD 0.5705 and strong fundamentals—including a fully functional protocol, active community governance, and expanding cross-chain integrations—SNX continues to attract attention from retail and institutional participants alike.
While short-term fluctuations are inevitable in any crypto market, the long-term vision of enabling open access to global financial products positions Synthetix as more than just a speculative asset.
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