Synthetix
Not enough dataSynthetix is a decentralized perpetual futures exchange on Ethereum.
Synthetix at a glance
- Launched
- 2025-12 source ↗Ethereum Mainnet perps (CLOB) launched 2025-12-18 as private beta (max 500 users); invite-only through at least May 2026
- Trading fees (base tier)
- Taker 0.05% · maker 0.02% source ↗
- Maximum leverage
- 50× source ↗BTC, ETH, SOL, XRP, DOGE
- Perp markets
- About 10 source ↗markets page last updated Feb 2026; Q2 2026 blog said WTI commodity market imminent
- Collateral
- USDT, WETH (Ethereum Mainnet) source ↗
- KYC
- Not required source ↗
- Restricted regions
- Myanmar, Cuba, Iran, Sudan, Syria, Western Balkans, Belarus, Cote d'Ivoire, DR Congo, Iraq, Lebanon, Liberia and 9 more source ↗site Terms; US not listed explicitly
- Audits
- Not verified yet
- Incidents
- None found in official sources
- Points program
- Not live source ↗Q2 2026 update: 'no points program' during private alpha; separate weekly Snaxpot lottery rewards live (https://docs.synthetix.io/rewards/snaxpot)
- Referral program
- Yes. Benefit for the referred trader: “Referees receive a 5% discount on trading fees” source ↗
From Synthetix’s own documentation, terms, API or official posts, checked 08 Oct 2026. Terms change; confirm on the venue before trading. “Not verified yet” means we could not confirm it from an official source.
Synthetix trend: Not enough data
No metric has enough comparable history on a sufficient base yet. The label counts metric directions; it is not a score and not investment advice.
Rank by open interest: #58 now · #54 30 days ago · #47 90 days ago (among venues reporting that day)
| Metric | 30 days | 90 days | Coverage | Reading |
|---|---|---|---|---|
| Open interest | -54.9% | — | 100% | Base too small for a reliable direction |
| User fees | — | — | 70% | Not enough daily history yet |
| Trading volume | — | — | 2% | Not enough daily history yet |
Thresholds: open interest ±25%, fees ±30%, volume ±40% over 30 days; the 90-day move must agree at half the threshold. Incentive campaigns can lift activity temporarily.
Activity over time
Open interest · daily
DefiLlama daily open interest · 148 days · 14 May 2026 – 08 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
User fees · daily
DefiLlama daily user fees, complete UTC days · 53 days · 21 May 2026 – 07 Oct 2026
Gaps are not joined. The scale starts near the series minimum, not at zero.
24h volume · daily capture
CoinGecko rolling 24h volume, one capture per UTC day
Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Powering the next generation of permissionless protocols.
Project description as listed on DefiLlama
Synthetix: common questions
What is Synthetix’s open interest?
Synthetix had $267.18K of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #58 of 91 perp DEXs we track by open interest. That is 0.0% of the combined open interest of the tracked venues.
How much volume does Synthetix trade per day?
CoinGecko reported $2.55M of rolling 24-hour volume for Synthetix on 08 Oct 2026 · 12:16 UTC. Venue-reported volume is not independently audited.
How much do traders pay in fees on Synthetix?
Traders paid $9.06K in fees over the last 30 days according to DefiLlama.
Is Synthetix growing?
Our current reading is “Not enough data”. Average open interest over the last 30 days changed -54.9% versus the prior 30 days. The reading updates daily and requires sufficient history and a minimum base.
Does Synthetix have a token?
Yes, SNX. It traded at $0.2432 with a market cap of $141.28M on 08 Oct 2026 · 12:15 UTC (CoinGecko). Token ownership does not by itself entitle holders to exchange revenue.
What are Synthetix’s trading fees?
Taker 0.05% · maker 0.02% at the base tier, according to Synthetix’s fee documentation. Higher-volume tiers and promotions can differ.
What is the maximum leverage on Synthetix?
Up to 50× on some markets, according to Synthetix’s documentation. Most markets allow less.
Does Synthetix require KYC?
Not required, based on Synthetix’s terms and sign-up flow. Access rules can change by country.
Does Synthetix have a referral program?
Yes. Benefit for the referred trader: “Referees receive a 5% discount on trading fees”.
Similar perp DEXs
Sources and capture details
- DefiLlama oi history for listing “synthetix-v4”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256
fd52633915023044… - DefiLlama fees history for listing “synthetix-v4”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256
7621a60ee6f5d9e9… - CoinGecko derivatives exchange id(s): synthetix-perps
Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗