Synthetix
Synthetix is a decentralized perpetual futures and synthetics protocol on Ethereum offering onchain custody with offchain performance.
What is Synthetix?
Synthetix is a decentralized perpetual futures and synthetics protocol on Ethereum Mainnet, originally founded by Kain Warwick in 2017. The platform offers perpetual futures with onchain custody and an offchain order book for low-latency matching. Users can trade with multicollateral margin using ETH, wstETH, cbBTC, or sUSDe. The Synthetix Liquidity Provider (SLP) pool lets anyone deposit sUSD to earn market-making returns from spreads, fees, and liquidations. Synthetix also features the 420 Pool for SNX staking with no liquidation risk. Synthetix has expanded beyond its original synthetic asset issuance to become a full perpetual futures platform, combining the security of Ethereum Mainnet settlement with competitive trading performance.
Web3 dapps and developer tools related to Synthetix
Discover blockchain applications that are frequently used with Synthetix.
fx Protocol
Volmex
TLX
Bounce.Tech
Developer resources from Alchemy
A guide to agentic finance in 2026
Agentic finance is the shift from software that informs financial decisions to software that can take action. Here's why crypto rails are the stack.
Katana support is live on Alchemy
Katana, a DeFi-native L2 on the OP Stack, is now supported on Alchemy. Learn how Vault Bridge yield, core app integrations, and Alchemy infrastructure help teams ship with confidence.
How AllScale powers fast, reliable stablecoin payments at scale
AllScale standardized blockchain reads and transaction requests on Alchemy Node API to power stablecoin checkout, invoicing, payroll, and payouts.
Synthetix alternatives
Explore web3 competitors and apps like Synthetix.
Ethena
Dinari
XSY
Metronome SynthApp store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
