Synthetix is a decentralized derivatives liquidity protocol on Ethereum and Optimism that enables the creation and trading of synthetic assets (Synths) — tokens that track the price of any real-world or crypto asset. SNX is staked as collateral to mint synthetic assets; stakers earn fees from trading activity. Synthetix serves as the liquidity backend for multiple perpetual futures and options protocols.
SNX holders stake their tokens as collateral in a debt pool, enabling the minting of sUSD (synthetic USD). The protocol operates as a shared collateral pool — all stakers are collectively exposed to the price movements of all outstanding Synths. Synthetix v3 (2024) became a modular derivatives liquidity layer, allowing developers to build custom markets (perps, options, basis trading) using Synthetix liquidity. Integrators like Kwenta, Polynomial, and Derive build trading interfaces on top of Synthetix's liquidity. Stakers earn a share of trading fees from all Synthetix-powered markets.
Test RSI-based strategies on Synthetix with real historical data.
Traditional derivatives trading requires trusted intermediaries and regulatory approval. Synthetix enables permissionless, non-custodial exposure to any asset (stocks, commodities, forex, crypto) through synthetic tokens, where users can go long or short without owning the underlying asset or using leverage from a centralized exchange.
A modular derivatives liquidity protocol that acts as the backend infrastructure powering multiple DeFi perpetuals and options front-ends, with SNX stakers earning trading fees from the entire ecosystem of protocols built on Synthetix liquidity.
Use multiple indicators together to build complex entry conditions for SNX.
Both are DeFi derivatives protocols; GMX uses a different GLP liquidity pool model while Synthetix uses a shared SNX debt pool and serves as infrastructure for multiple front-ends
Both are DeFi blue chips; Aave handles lending while Synthetix handles derivatives and synthetic asset creation
Don’t guess — test your SNX strategy against years of minute-level data.
Build and test trading strategies using Synthetix's minute-level data from 2022-12-28 to present.
Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only — not financial advice.