Synthetix (SNX) is a decentralized liquidity provisioning protocol that enables the creation of synthetic assets, known as Synths, which track and provide returns on underlying assets without requiring direct holding ¹ ² ³. This allows users to gain exposure to a wide range of assets, including cryptocurrencies, commodities, fiat currencies, and stocks, in a decentralized and permissionless manner.$SNX

*Key Statistics:*

- _Market Capitalization:_ $551.9 million ¹

- _Circulating Supply:_ 327.7 million SNX ¹

- _Total Supply:_ 328.2 million SNX ¹

- _All-Time High:_ $28.53 (February 14, 2021) ²

- _All-Time Low:_ $0.03479 (January 6, 2019) ²

*Use Cases:*

- _Decentralized Finance (DeFi):_ SNX provides liquidity for permissionless derivatives, such as perpetual futures, options, and parimutuel markets ⁴

- _Synthetic Asset Creation:_ SNX enables the creation of Synths, which track and provide returns on underlying assets ¹ ² ³

- _Staking and Governance:_ SNX holders can stake their tokens to participate in governance and earn rewards ⁴ ³

*Exchanges and Wallets:*

SNX tokens can be traded on centralized crypto exchanges, such as Binance, and stored in wallets like MetaMask [