Volume (24h)
$0.36
-5.57 %
Circulating supply
11,560,000 SNY
Total supply
100,000,000 SNY
Max. supply
100,000,000 SNY
Synthetify Token (SNY)
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Key data
updated $0Market cap$0
Volume 24h$0.36
Circulating supply11.56M12% of max 100M
Synthetify Token (SNY) is the native token of Synthetify, a decentralized protocol for synthetic assets built on the Solana blockchain. In plain terms, the protocol lets people create and trade tokens that mirror the prices of real-world assets — stocks, commodities, currencies and other cryptocurrencies — without owning the underlying items. SNY powers this system as collateral for minting synths and as a staking and governance token.
Frequently asked questions
What is Synthetify Token (SNY) and how is it different from Bitcoin or Ethereum?
SNY is an SPL token on Solana that powers the Synthetify protocol rather than serving as a standalone currency. Its main job is functional: users stake it as collateral to mint synthetic assets and take part in governing the platform. So unlike payment coins, its role is tied directly to activity inside the protocol.
How does Synthetify work under the hood?
Synthetify runs on Solana, a blockchain that combines Proof of Stake with Proof of History to process transactions quickly and keep fees low. Users lock SNY as collateral in smart contracts to mint synthetic assets whose prices track real-world markets through oracles. This design gives traders exposure to things like stocks or commodities without leaving the crypto ecosystem.
How is SNY issued and distributed?
SNY has a fixed maximum supply defined in the protocol's tokenomics, so no coins can be created beyond that cap. The initial allocation was split between the team, investors and the ecosystem, with portions reserved for staking rewards that unlock on a set schedule. Current supply and distribution details are available in the project's official documentation and on-chain data.
Where can I store SNY and what can I do with it?
Since SNY is an SPL token, it fits any Solana-compatible wallet — Phantom, Solflare or a hardware wallet with Solana support. Beyond holding it, you can stake SNY as collateral to mint synths, earn staking rewards and vote on protocol proposals. As with any token, use official links and verify contract addresses before transacting.