Top Synthetics tokens by market capitalization
Synthetics contains 11 coins with a total market capitalization of $1.24B and an average price change of +1.71%. They are listed in size by market capitalization.
Synthetix is working on a decentralized liquidity provisioning protocol that can be used by various protocols for different purposes. Its huge liquidity and minimal fees serve as a foundation for many exciting protocols on both Optimism and Ethereum. It allows for inexpensive on-chain futures trading by utilizing off-chain oracles, and strives to rebuild the protocol to achieve its original goal of being a fully permissionless derivatives protocol. The platform's goal is to expand the cryptocurrency industry by introducing non-blockchain assets and providing access to a more diverse financial market.