$SNX SNX is the digital currency of the Synthetix network, a decentralized platform for creating and trading synthetic assets. Synthetix allows users to create and exchange synthetic assets that track the value of real-world assets such as foreign currencies, commodities, and digital currencies.

*Features of SNX:*

- *Collateral*: SNX is used as collateral for creating synthetic assets.

- *Governance*: SNX holders can participate in the management of the network and make decisions regarding updates and fees.

- *Rewards*: SNX holders receive rewards for participating in the network and providing liquidity.

*Price of SNX:*

- Current price: approximately 1.62 USD

- Market cap: approximately 557.11 million USD

- 24-hour trading volume: approximately 295.75 million USD

*Uses of SNX:*

- *Creating synthetic assets*: SNX can be used to create synthetic assets that track the value of real-world assets.

- *Trading*: SNX can be used for trading on the Synthetix platform.

- *Investment*: SNX can be used as an investment for investors who wish to participate in the growth of the network ¹.