COMPANY PROFILE

Synthetix

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A derivatives liquidity protocol providing the backbone for derivatives trading in DeFi

Sydney, AustraliaFounded 2017Fintech

Valuation $100–250M Last recorded · 2022

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Synthetix

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.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2017
Headquarters: Sydney, Australia
Employees: 24
Open positions: None listed
Dealroom signal: 78.0/100
Industry: Fintech
Sub-industry: Crypto and DeFi
Sector: Fintech, Human Resources, Ethereum, Defi, Stablecoin, Ethereum Ecosystem, Crypto Derivatives, Crypto and Web3, Hard Tech
Technology: Blockchain
Business model: Marketplace & ecommerce, SaaS
Client focus: b2b
Investment activity: 4 companies, latest Dec 2024
Capital deployed: $5.3M
Preferred round: ACQUISITION
Links: Website LinkedIn X

Knowledge graph

News, research, reports and resources connected to this company by Dealroom

Funding history

7 recorded events

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	↗

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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.

Latest monthly visits35K 3-month web change+52.2% 1-year team growth+20%

Monthly website visitsAug 2020–Jul 2026

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