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Top Synthetics by market capitalization

Synthetics contain 257 coins with a total market capitalization of $135.84M and an average price change of -1.99%. The coins are listed 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.

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What are DeFi synthetics?

Investors can benefit from synthetics, which are crypto derivatives that derive their value from other assets. Synthetic products like swaps, options, and futures contracts offer a great deal of flexibility in terms of risk, exposure, and cash flow patterns.

Is Synthetic a good crypto?

In the world of crypto, synthetic assets play a crucial role for various reasons. They offer a wider selection of assets to invest in, including real-world assets such as stocks, commodities, currencies, and bonds. This enables investors in the crypto industry to diversify their portfolios and gain exposure to various markets.

What is an example of a synthetic token?

Investors in the crypto industry have a wider range of investment options, including real-world assets like stocks, currencies, commodities, and bonds, thanks to synthetic assets. These assets can be created by putting collateral, in the form of SNX tokens, and can be exchanged without intermediaries by repricing the collateral through an oracle. Some examples of synthetic assets include Bitcoin, euro, USD, Tesla stocks, gold, and more.