Synthetix Network Token SNX Market Analysis and Price Prediction

As a pioneer in the DeFi synthetic asset space, Synthetix Network enables users to trade synthetic assets such as stocks and commodities without the need to hold the physical assets through the SNX token collateral mechanism.

The protocol was founded by Kain Warwick in 2017 (initially named Havven) and was rebranded to Synthetix in 2018. Its core values lie in three aspects: collateralized generation of synthetic assets (such as sUSD), governance voting rights, and trading fee dividends (recent proposals have increased the distribution ratio to 80%). ##SNX Market Performance and Token Distribution As of July 1, 2025, the real-time price of SNX is $0.569, with a 24-hour decline of 2.86%, and a market capitalization of $196 million, ranking 185th among cryptocurrencies.

Significant fluctuations in the past month: Although there was a single-day surge of 7%, the cumulative decline over the past 30 days has reached 21% due to the decoupling issue of the stablecoin sUSD (current price 0.948 USD).

The historical high point of SNX was $28.77 in February 2021, and the current price has fallen 97.58% from that high; however, compared to the historical low of $0.0325 in January 2019, it has risen over 2038%.

The current circulating supply of SNX tokens is 343.47 million. In the initial allocation: 20% belongs to the team and advisors, 3% is used for marketing rewards, 5% is allocated to partners, and the remaining is released through public offerings and staking. ##Multidimensional Price Prediction

• Short term (end of 2025): The market average expected price is $2.15, with a fluctuation range of $2.52 - $4.37. If Layer2 upgrades reduce costs by 90% as scheduled, it may stimulate demand to break the ceiling.
• Mid-term (2028): If the technical aspect breaks through the wedge resistance at 1.82 USD, it is expected to initiate a long-term upward trend, with an average price prediction of 9.44 USD, reaching a high of 10.07 USD.
• Long-term (2031): With the expectation of the synthetic asset category expanding to over 50 types, the price range is expected to be between $15.11 - $16.37, representing a potential increase of over 2200% compared to the current price.

Be wary of correlation risks: The price correlation coefficient between SNX and Bitcoin is 0.72, and a systemic market decline may drag down its performance. ##Three Major Engines of Future Development

Technology upgrade drives efficiency improvement

The integrated Polygon zkEVM network has entered the testing phase, expected to reduce transaction costs by 90% and solve the pain points of Gas fees.

Cross-chain and asset diversification

In Q3 2025, cross-chain synthesis of Polkadot ecological assets will be realized, and new commodities such as gold and crude oil will be added, expanding the asset categories from 30 to over 50.

Regulation and Risk Balance

The compliance of synthetic assets remains a global regulatory focus. The project has recently enhanced transparency through an on-chain voting mechanism and introduced an insurance fund to mitigate clearing risks. Against the backdrop of a more than 40% year-on-year growth rate in the synthetic asset sector, the success or failure of SNX will depend on whether its V3 non-permissioned protocol upgrade can be implemented, and whether the sUSD stability mechanism can be repaired.

With the advancement of the Perps V2 futures contracts and the Synthetix V3 protocol upgrade, whether SNX can return to the $10 mark tests its technical iteration and ecological synergy capabilities.

Author: Blog Team *This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of services from restricted areas. Please read the user agreement for more information, link: