Synthetify Price

Synthetify is a synthetic asset platform built on the Solana blockchain. It aims to bridge cryptocurrencies, stocks, fiat currencies, and other financial instruments for trading on decentralized exchanges. The native token SNY serves multiple purposes: 1. Collateral for creating synthetic assets on the platform 2. Providing discounts for executing swaps 3. Future governance voting rights Key facts about SNY: - Current price: $0.00000499 - 24h change: -82.75% - Market cap: $57.68 - Circulating supply: 11.56M SNY - Total supply: 100M SNY - All-time high: $7.42 (September 10, 2021) - All-time low: $0.00000499 (October 31, 2023) Synthetify was launched in April 2021 and aims to expand access to various financial assets through its synthetic asset platform. The project continues to develop its ecosystem and functionalities on Solana.

Synthetify was created on April 19, 2021. It was launched as a synthetic asset platform built on the Solana blockchain, aiming to bridge cryptocurrencies, stocks, fiat currencies, and other financial instruments for decentralized trading. Synthetify token (SNY) serves multiple purposes within the ecosystem, including collateral for synthetic assets, discounts on swaps, and future governance voting rights.

The founders of Synthetify are Mariusz Kałamaga and Dawid Szcześniak. They launched the project in April 2021 with the goal of creating a synthetic asset platform on the Solana blockchain. Synthetify aims to bridge cryptocurrencies, stocks, fiat currencies, and other financial instruments for trading on decentralized exchanges. The founders have backgrounds in finance and blockchain technology, which they leveraged to develop the SNY token and its underlying protocol. Since its launch, Synthetify has grown to become an important project in the Solana ecosystem, with the SNY token serving multiple functions including collateral for synthetic assets, discounts on swaps, and future governance voting rights.

Synthetify operates as a synthetic asset platform built on the Solana blockchain. It enables users to create and trade synthetic assets representing various financial instruments like cryptocurrencies, stocks, and fiat currencies. The SNY token serves multiple functions within the ecosystem: 1. Collateral: Users can stake SNY to mint synthetic assets on the platform. 2. Fee discounts: Holding SNY provides discounts on swap fees when trading synthetic assets. 3. Governance: In the future, SNY holders will have voting rights in platform governance decisions. The platform aims to bridge traditional and crypto markets by allowing users to gain exposure to various assets without directly owning them. Synthetify utilizes Solana's high-speed, low-cost infrastructure to provide efficient synthetic asset trading. As of 2026-02-03, SNY is trading at $0.00000499 with a 24-hour trading volume of $430.27. The current market cap stands at $57.68, ranking it #8774 among all cryptocurrencies. With a circulating supply of 11.56M SNY SNY and a total supply of 100M SNY, the project continues to develop its ecosystem and expand its offerings in the DeFi space.

Synthetify is built on the Solana blockchain, leveraging its high-speed and low-cost infrastructure. The technical architecture of SNY includes: 1. Smart contracts: Deployed on Solana to manage synthetic asset creation, collateralization, and trading. 2. Decentralized exchange (DEX): Allows users to trade synthetic assets directly on-chain. 3. Collateral system: Users can stake SNY tokens as collateral to mint synthetic assets. 4. Price oracles: Integrated to provide real-time price feeds for various assets. 5. Governance mechanism: SNY token holders can participate in protocol decisions. 6. Cross-chain interoperability: Planned future integration with other blockchains. 7. Liquidity pools: Facilitate efficient trading and price discovery. This architecture enables Synthetify to offer a wide range of synthetic assets, including cryptocurrencies, stocks, and commodities, all tradable within the Solana ecosystem. The platform's design focuses on scalability, low fees, and fast transaction speeds, leveraging Solana's advantages.

The future and roadmap of Synthetify (SNY) look promising. The project aims to expand its synthetic asset offerings on the Solana blockchain, enabling users to trade a wider range of financial instruments. Key upcoming developments include: 1. Enhanced governance features, allowing SNY holders to participate in decision-making. 2. Improved liquidity and trading options for synthetic assets. 3. Integration with more DeFi protocols to increase utility and adoption. 4. Launch of new synthetic products, potentially including stocks, commodities, and indices. 5. Upgrades to the platform's infrastructure for better scalability and performance. 6. Partnerships with other projects in the Solana ecosystem to create synergies. The team is focused on growing the Synthetify ecosystem and increasing its market presence. While the exact timeline isn't public, these developments are expected to roll out gradually over the next few years. Price predictions suggest potential growth: 2027: -- 2031: -- 2036: -- As Synthetify continues to innovate in the synthetic asset space, it aims to become a leading platform in the DeFi sector, potentially driving increased demand and value for SNY tokens.