This post is for educational and informational purposes only and must not be constructed as containing investment advice. The blogger who wrote this post is not a financial advisor, depending on your country and local regulation, you should seek advice from the appropriate financial advisors to ensure you are informed about the risks.
Status: First publication planned for 2027.
a list of already published how to trade guides can be found HERE.
do your own research
Last update: Apr 6, 2026
Summary
this post is a guide for absolute trading beginners, and Synthetix is a trading platform yes, but it’s a futures exchange not a spot exchange. So this post will try to simplify futures trading with very simple words, but in my opinion beginners should not trade futures.
Synthetix has a history that this post will try to ignore and focus on what Synthetix is now and what it could be in the future.
Synthetix is a perpetual futures exchange, it present a blockchain technology use case, a real market opportunity and of course joining technology and trading is exciting for people working on it. Synthetic 2026 roadmap published on March 13, 2026 describe how the project went through phases of :
- initial design
- test
- learning
- re-design
- re-launch
- expansion
the project, the SNX DAO and its team seam to be prevelaging open doors to expermentation, innovation and the project is alive, testing, persuing growth and re-launching new products and features on april-june 2026 !
here you need to distinguish 2 things, Synthetix the exchange, SNX the token. The project main product is the exchange, not the token. The SNX token was created to solve a liquidity problem in the Synthetix exchange.
I think that Synthetix founder described exactly the SNX token actual situation in those 5 min interview [21:00 – 26:00]. if the project number 1 priority is to access better liquidity, than ETH is better than SNX, it means that SNX will loose it’s utility as a collateral, but probably can still serve as a governance token.
The Synthetix project has also another product which is sUSD, a synthetic stablecoin! It means that it’s USD crypto that is not backed by USD fiat, dificult to get to 1 sUSD = 1 USD.
Synthetix priority is using SNX to reward traders actvity on the exchange and not the token holder, If you are a speculator seeking volatility, than SNX governance and staking utility will probably not give you that. SNX should be contained in 0.25 % of a total crypto portfolio, depending of the size of your portfolio.
1- Category
SNX is the governance and utility token of the Synthetix protocol. It is used to vote for governance council members in elections and can be staked to earn SNX rewards. Staked SNX backs Synthetix products.
2- Utility
- Governance,
- ,
- ,
- ,…
Governance
Synthetix is governed by a streamlined Spartan Council, combining community-elected members with appointed experts. The spartan council is a consolidated council of 7 delegates, each with equal voting power, replacing the previous multi-council structure for more effective decision-making. SNX stakers can :
- create a Sythetix Improvement Proposal (SIP),
- contribute to proposals,
- vote in council elections.
3- Market capitalization
according to coinmarketcap.com as of Mars 23, 2026 Synthetix rank 183 with a market capitalization of $103.31M.
1- How to stay informed about Synthetix?
Here you can find a list of resources to stay informed about Synthetix.
1-a- Synthetix News:
1-b- Limited access / require subscription:
| News Outlet | |
|---|---|
| 1 | bloomberg.com/search?query=synthetix |
| 2 | forbes.com/search/?q=synthetix |
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