About sUSD
sUSD (SUSD) is a cryptocurrency and operates on the Ethereum platform. sUSD has a current supply of 43,635,763.41158543. The last known price of sUSD is 0.96876043 USD and is up 0.51 over the last 24 hours. It is currently trading on 232 active market(s) with $76,055.56 traded over the last 24 hours.
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Market Stats
Market Cap
$41.20M
FDV
$134.48M
Circ. Supply
44M SUSD
Max Supply
142M SUSD
Total Supply
44M SUSD
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$77.99K
15.21%
Volume (7D)
$519.28K
Volume (30D)
$1.90M
All time high
$2.36
Price Change (1Y)
Not enough data
-3.47%
Additional details
Market details
SUSD vs markets
↗ 12.19%
SUSD vs BTC
↗ 13.07%
SUSD vs ETH
↗ 28.14%
Tags
store-of-value
defi
stablecoin
algorithmic-stablecoin
+2
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x57Ab1ec28D129707052df4dF418D58a2D46d5f51 | |
Optimism | 0x8c6f28f2F1A3C87F0f938b96d27520d9751ec8d9 | |
Fantom | 0x0E1694483eBB3b74d3054E383840C6cf011e518e | |
Arbitrum | 0xA970AF1a584579B618be4d69aD6F73459D112F95 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.95 | ↘ 0.52% |
1 Day | $0.96 | ↘ 0.52% |
1 Week | $0.97 | ↘ 1.40% |
1 Month | $0.96 | ↘ 0.42% |
1 Year | $0.99 | ↘ 3.47% |
FAQ
Synthetix (sUSD) is a protocol that issues and trades synthetic assets called Synths on the Ethereum network. Synths are the assets produced against the value of crypto assets that are staked as collateral.
In simpler terms, Synthetix platform aims to allow users to trade, borrow, or stake various crypto assets, commodities, and equities by creating these synthetic assets tied to the price of real-world assets. These synthetic assets create digital stablecoins in the same way as United States Dollar Coin, and Synthetix also has its own stablecoin called sUSD, a synthetic for traditional currency USD.
Further, sUSD aims to balance the supply and demand of the coin to indicate the price of the underlying asset getting pegged to, like for sUSD, the platform would monitor US dollar. Apart from cryptocurrencies, Synthetix also seeks to consist of synthetics of several non-crypto assets like oil, EUR, USD, Amazon, Tesla, gold, silver, and Netflix, all based on blockchain technology.
Synthetix Network Token (SNX) is the native ERC-20 token of the Synthetix platform, used to collateralize synthetic assets after being locked in a smart contract to issue synthetic assets. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.
The following platforms seek to use the Synthetix ecosystem:
Kain Warwick founded Synthetix as a project called Havven, and the project introduced a stablecoin on June 11, 2018, known as nUSD. In December 2018, the Havven project was renamed Synthetix, a platform that represents more than 20 synthetic assets that further define traditional currencies, commodities like gold and silver, and crypto-assets.
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sUSD news
Trending articles
Social stats
Popularity in posts
#205
Contributors
442
Posts
442
% About sUSD
0.106%
Articles
1
X (Twitter)
48.98% bullish
Sentiment
4.3 ★
Highlights
442 unique individuals are talking about sUSD and it is ranked #205 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, sUSD has an average sentiment score of 4.3 out of 5. Finally, sUSD is becoming less newsworthy, with 1 news articles published about sUSD.
On Twitter, people are mostly bullish about sUSD. There were 55.75% of tweets with bullish sentiment compared to 13.8% of tweets with a bearish sentiment about sUSD. 44.25% of tweets were neutral about sUSD. These sentiments are based on 3199 tweets.
On Reddit, sUSD was mentioned in 355 Reddit posts and there were 1005 comments about sUSD. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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