Synthetix Network (SNX) remains a pivotal player in the decentralized finance (DeFi) ecosystem, known for enabling synthetic assets that mirror real-world financial instruments. As the crypto market evolves, investors and analysts are closely watching SNX’s trajectory, especially with major protocol upgrades and shifting market dynamics. This comprehensive price prediction explores SNX’s potential performance from 2025 through 2040, factoring in technological developments, market sentiment, and key challenges.
Current Market Status and Recent Performance
As of the latest data, Synthetix Network’s token, SNX, is trading at $0.56**, reflecting a modest **0.32% gain** over the past 24 hours. However, the weekly movement shows a slight decline of **-4.91%**, indicating short-term volatility. The circulating supply stands at approximately **343.5 million SNX**, with a market capitalization of **$194.5 million.
Compared to its all-time high of $28.53 on February 14, 2021, SNX has experienced a significant correction. This long-term downtrend underscores broader DeFi sector challenges, including declining total value locked (TVL) and increased competition.
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Short-Term Outlook: July to December 2025
The immediate future for SNX appears cautiously optimistic, with gradual upward momentum expected through late 2025.
- July 2025: Prices are projected to hover between $0.52 and $0.65, averaging around $0.56–$0.60.
- August–December 2025: A steady climb is anticipated, with average prices rising from $0.61** in August to **$0.65 by December. The predicted range expands slightly each month, signaling growing investor confidence.
Overall, the 2025 average price is estimated at $0.66**, with a potential high of **$0.79 in bullish scenarios and a low of $0.52 if market conditions deteriorate.
Technical indicators during this period show mixed signals. The Relative Strength Index (RSI) remains neutral, suggesting indecision in the market. Additionally, SNX has been trading below key moving averages (SMA and EMA), which many traders interpret as bearish. However, a breakout above the $0.71 resistance level** could trigger a rally toward **$0.85–$0.86.
The Andromeda Release: A Game-Changing Upgrade
One of the most critical catalysts for SNX in 2025 is the rollout of the Andromeda Release, which includes Synthetix Core V3 and Perps V3 on the Base blockchain.
Key features of this upgrade:
- Cross-margin trading: Allows users to use a single collateral pool across multiple positions.
- Multi-collateral support: Enables assets like USDC to back synthetic positions.
- Lower fees and improved liquidation mechanisms: Enhances user experience and system stability.
- Open framework for developers: Positions Synthetix as a foundational layer for building derivative markets.
The success of Perps V3 on Base will be a major determinant of SNX’s adoption and price movement. If trading volume surges and liquidity deepens, it could reignite investor interest in the ecosystem.
Tokenomics Shift: From Inflation to Deflation
In a strategic move to improve token value, Synthetix transitioned from an inflationary model—where new SNX tokens were minted as rewards—to a buyback-and-burn mechanism.
Under this new system:
- 40% of Perps V3 fees on Base are used to purchase SNX from the open market.
- Acquired tokens are then permanently burned, reducing total supply over time.
This deflationary pressure could support price appreciation if demand remains stable or increases. However, the full impact will depend on trading volume and fee generation within the protocol.
The sUSD Peg Crisis and Recovery Efforts
A major challenge facing Synthetix in early 2025 was the persistent depegging of its native stablecoin, sUSD, which fell as low as $0.68** before recovering to trade between **$0.77 and $0.87.
Causes of the depeg:
- Large-scale withdrawals from the protocol.
- Removal of legacy peg stabilization mechanisms during upgrades.
To restore confidence, Synthetix introduced the “sUSD 420 Pool”, a year-long staking initiative offering 5 million SNX tokens as rewards for users who lock up their sUSD. Founder Kain Warwick emphasized that SNX stakers have both the responsibility and resources to stabilize the peg.
Warwick also hinted at potential enforcement measures—referred to as “the stick”—if voluntary participation proves insufficient. The success of these efforts is crucial; prolonged instability in sUSD could undermine trust in the entire Synthetix ecosystem.
👉 Learn how stablecoin dynamics impact DeFi protocols like Synthetix.
Long-Term Price Forecast: 2026 to 2036
Despite short-term hurdles, long-term projections for SNX remain constructive, driven by innovation and growing demand for decentralized derivatives.
| Year | Average Price | Low | High |
|---|---|---|---|
| 2026 | $0.76 | $0.61 | $0.92 |
| 2027 | $0.87 | $0.69 | $1.05 |
| 2028 | $1.01 | $0.80 | $1.21 |
| 2029 | $1.02 | $0.81 | $1.22 |
| 2030 | $1.26 | $1.01 | $1.51 |
| 2031 | $1.62 | $1.29 | $1.94 |
| 2032 | $2.07 | $1.65 | $2.48 |
| 2033 | $1.80 | $1.44 | $2.15 |
| 2034 | $2.70 | $2.16 | $3.24 |
| 2035 | $2.35 | $1.88 | $2.81 |
| 2036 | $2.47 | $1.98 | $2.97 |
By 2030, SNX could reach an average price of $1.26**, with further growth potential pushing it toward **$3+ by 2034 in optimistic scenarios. These projections assume successful adoption of V3, sustained demand for synthetic assets, and resolution of the sUSD peg issue.
Beyond 2036, while no formal forecasts are provided, continued innovation and integration with traditional finance could position Synthetix as a core infrastructure layer in Web3 finance.
Core Keywords
- Synthetix Network
- SNX price prediction
- DeFi protocol
- sUSD stablecoin
- Synthetix V3
- Perps V3
- token burn mechanism
- decentralized derivatives
Frequently Asked Questions (FAQs)
What is the current price of Synthetix Network (SNX)?
As of now, SNX is trading at approximately $0.56**, with a market cap of around **$194.5 million.
What factors influence SNX’s price in 2025?
Key factors include the performance of the Andromeda Release (V3), sUSD peg stability, trading volume on Base, overall DeFi market health, and macroeconomic conditions affecting crypto sentiment.
Is Synthetix a good long-term investment?
SNX presents long-term potential due to its innovative synthetic asset model and upcoming upgrades. However, risks such as protocol stability and competition mean investors should conduct thorough research before committing funds.
How does the buyback-and-burn mechanism affect SNX?
The mechanism uses 40% of Perps V3 fees to buy and destroy SNX tokens, reducing supply over time. If demand stays constant or grows, this deflationary pressure could support price appreciation.
Why did sUSD lose its peg?
sUSD depegged due to large outflows and the removal of older stabilization systems during protocol upgrades. Ongoing staking incentives aim to restore balance by encouraging liquidity retention.
What is the highest predicted price for SNX by 2036?
According to long-term models, SNX could reach a high of $2.97** by 2036, with an average annual price of **$2.47.
Final Thoughts
Synthetix Network stands at a crossroads in 2025—balancing groundbreaking technological advancements against urgent economic challenges like the sUSD peg crisis. While short-term volatility persists, the long-term vision of creating an open, scalable derivatives platform gives SNX enduring relevance in DeFi.
Success hinges on execution: stabilizing sUSD, proving V3’s value through real-world adoption, and maintaining developer engagement. If these goals are met, Synthetix could reclaim its position as a leading force in decentralized finance.
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