+

Total Market Cap: $2.340T

24h Volume: $31.190B

BTC Dominance: 68.71%

Global Market Sentiment: 29

Average Market Correlation: 0.51

The Average Correlation of all crypto pairs. An Average Market Correlation close to 1 indicates that all crypto pairs are moving in the same direction. Such a situation can be observed during a significant market crash.
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Beta

POL (ex-MATIC)

POL
Rank #45
$0.1832

+0.08%

Low:
$0.1762
High:
$0.1849
(24h)
Volume 24h
$36,139,674
-13.13%
Circulating Supply
8,652,458,463 POL
Total Supply
ISSUE TO SOLVE
Max Supply
N.A
Market Cap
$1,596,345,665
Fully Diluted Market Cap
N.A
Indicators
Volatility
Annualized Volatility of the Daily Returns, over the last month.
60.63%
Market Correlation
Correlation Coefficient between crypto Daily Returns and the Total Crypto Markets Daily returns, over the last month.
0.50
Beta
The Beta coefficient is a measure of a crypto volatility and direction in comparison to the volatility and direction of the overall market. A positive Beta greater than 1 indicates that the crypto is more volatile than the market, while a beta less than 1 means it is less volatile.
0.464
Market Dominance
0.07%
ATL/ATH
$0.01/$2.81
Relative Strength Index
The Relative Strength Index (RSI) is an indicator that measures the rate of price changes by comparing the extent of recent gains to recent losses. It scales from 0 to 100 and is used to determine potential turning points in price behavior. A reading above 70 indicates that an asset may be due for a decrease in price, while a reading below 30 suggests a potential increase in price. The RSI calculated here is based on Daily returns over the last month.
40
Information for POL (ex-MATIC)
Last News related to POL (ex-MATIC)
No recent news related to POL (ex-MATIC)
What is POL (ex-MATIC) ?

Overview

Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on the Ethereum blockchain. It enables the creation and trading of synthetic assets that represent real-world assets like fiat currencies, commodities, and cryptocurrencies. Synthetix aims to bring traditional financial instruments to the blockchain, providing users with exposure to a wide range of assets without needing to hold the underlying assets.

Utility

The native token, SNX, is used as collateral for minting synthetic assets on the Synthetix platform. SNX holders can stake their tokens to earn rewards and fees generated by the protocol. Additionally, SNX tokens are used for governance, allowing holders to vote on proposals that impact the development and operation of the Synthetix ecosystem.

Security

Synthetix relies on a decentralized network of oracles to provide accurate price feeds for synthetic assets. The protocol's security is enhanced by its staking mechanism, where SNX holders provide collateral to back the issuance of synthetic assets. Regular audits and security reviews are conducted to ensure the integrity and robustness of the platform.

Supply data provided by CoinGecko API
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