S
Synthetix
Fintech · Sydney, Australia · Founded 2017
A derivatives liquidity protocol providing the backbone for derivatives trading in DeFi MoreLess
Synthetix is a decentralized finance (DeFi) platform that allows users to trade synthetic assets, which are financial instruments that mimic the value of real-world assets. The platform operates on the Ethereum blockchain and serves a diverse range of clients including individual traders, institutional investors, and developers. Synthetix's core product is its synthetic asset protocol, which enables the creation, trading, and staking of synthetic assets such as fiat currencies, commodities like gold, and crypto indexes. The business model revolves around transaction fees, staking rewards, and the issuance of SNX tokens, which are used as collateral for minting synthetic assets. Synthetix makes money through fees generated from trading activities and staking rewards distributed to SNX holders. The platform also integrates with other DeFi protocols to enhance liquidity and expand its ecosystem.
Keywords: DeFi, synthetic assets, Ethereum, staking, SNX tokens, collateral, trading, blockchain, liquidity, protocol.
Company overview
Synthetix company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Sydney, Australia
- Employees
- 24
- Open positions
- None listed
- Dealroom signal
- 78.0
- Investment activity
- 4 companies · latest Dec 2024
- Capital deployed
- $5.3M
- Preferred round
- ACQUISITION
Valuation & funding
Synthetix funding history
2 token-sale events are listed separately and excluded from the company funding total.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ICO✓Token sale | Mar 2023 | $20M | — | DWF Labs | ↗ |
| ANGEL✓Equity / VC | Jan 2022 | $30M | $120M | Mark Carnegie | ↗ |
| EARLY VC✓Equity / VC | Feb 2021 | $12M | $48M | Coinbase Ventures · Paradigm · IOSG Ventures | ↗ |
| CONVERTIBLEEquity / VC | Sep 2020 | $0 | — | Undisclosed | — |
| EARLY VCEquity / VC | Oct 2019 | $3.8M | $15M | Framework Ventures | — |
| ICO✓Token sale | Apr 2018 | Astronaut Capital · TokenStack Partners · XBTO · Sandbar Investments | — | ||
| SEEDEquity / VC | Sep 2017 | Undisclosed | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 23 |
| 2025 | 20 |
| 2024 | 20 |
| 2023 | 35 |
| 2022 | 27 |
| 2021 | 30 |
| 2020 | 21 |
Growth signals
Synthetix website traffic
Latest recorded traffic for Synthetix is 35K monthly website visits, up 52.2% over the last three months. Synthetix's team grew 20% over the past year.
Comparisons
Synthetix compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Synthetix investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Synthetix ExchangeSydney, Australia
→
TLXacquired
→
dHEDGEAustraliaSocial Asset Management. Find the best investment managers and automated strategies in DeFi
$4.6Mvaluation
Formation FiWarsaw, PolandCross-Chain Risk Parity Smart Farming 2.0
$13Mvaluation
Talent graph
Synthetix's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Synthetix has talent and traffic
team presence
In the news
Latest news about Synthetix
Recent press, funding announcements, and product moves mentioning Synthetix — open to read from the original sources.
Market sentiment
What the market is saying about Synthetix
An AI-synthesized read of the highest-engagement posts about Synthetix on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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