Cryptocurrency traders and investors in India are increasingly turning their attention to Synthetix (SNX), a decentralized finance (DeFi) protocol that enables the creation of synthetic assets on the Ethereum blockchain. As global interest in digital assets grows, understanding the real-time value of SNX in Indian Rupees (INR) becomes essential for making informed trading decisions. This guide provides up-to-date conversion data, historical trends, and insights into the performance of Synthetix against the INR.
Current SNX to INR Conversion Rate
The Synthetix (SNX) to Indian Rupee (INR) exchange rate today stands at ₹49.16 per 1 SNX. Over the past 24 hours, the price has decreased by 4.73%, reflecting short-term market volatility. In the last hour alone, SNX dipped slightly, continuing a downward trend that has seen a 17.55% decline over the past 30 days. Despite this recent pullback, Synthetix remains a significant player in the DeFi ecosystem due to its unique tokenomics and synthetic asset model.
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Weekly SNX/INR Price History
Understanding recent price movements helps traders identify trends and potential entry or exit points. Below is a summary of the daily closing prices for SNX against INR over the past week (recorded at 00:00 UTC):
- Jul 04, 2025: ₹49.17 (-3.50%)
- Jul 03, 2025: ₹50.96 (-0.04%)
- Jul 02, 2025: ₹50.98 (+7.43%)
- Jul 01, 2025: ₹47.45 (-5.00%)
- Jun 30, 2025: ₹49.95 (-4.84%)
- Jun 29, 2025: ₹52.48 (+4.00%)
- Jun 28, 2025: ₹50.47 (+2.09%)
The data reveals notable volatility, with sharp swings both upward and downward. The highest point in this period was ₹52.48 on June 29, while the lowest was ₹47.45 on July 1. These fluctuations underscore the importance of monitoring live data when trading Synthetix.
Live SNX to INR Conversion Table
For quick reference, here are real-time conversion values based on the current rate of ₹49.16 per SNX:
SNX to INR
- 0.5 SNX = ₹24.58
- 1 SNX = ₹49.16
- 5 SNX = ₹245.80
- 10 SNX = ₹491.60
- 50 SNX = ₹2,458.01
- 100 SNX = ₹4,916.03
- 500 SNX = ₹24,580.13
- 1,000 SNX = ₹49,160.27
INR to SNX
- ₹0.5 = 0.01017 SNX
- ₹1 = 0.02034 SNX
- ₹5 = 0.1017 SNX
- ₹10 = 0.2034 SNX
- ₹50 = 1.02 SNX
- ₹100 = 2.03 SNX
- ₹500 = 10.17 SNX
- ₹1,000 = 20.34 SNX
These figures are updated in real time and reflect the latest market conditions, helping users accurately calculate holdings or plan purchases.
Historical Performance: All-Time High and Trends
Synthetix reached its all-time high against the Indian Rupee on February 14, 2021, when 1 SNX was valued at ₹2,458.66. While the current price is significantly lower, this peak highlights the asset’s potential for substantial appreciation during bullish market cycles.
Over the past year, SNX has experienced periods of strong growth driven by increased DeFi adoption, protocol upgrades, and growing interest in synthetic assets like synthetic stocks, commodities, and forex pairs — all powered by the Synthetix network.
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What Influences the SNX/INR Exchange Rate?
Several factors contribute to the fluctuation of Synthetix’s value in INR:
- Global Crypto Market Sentiment: As a cryptocurrency tied to Ethereum and broader DeFi trends, SNX often moves in correlation with BTC and ETH.
- Indian Regulatory Climate: Policy developments around crypto taxation and regulation in India can impact local demand and pricing.
- Network Activity: Increases in staking, synthetic asset issuance, and total value locked (TVL) on Synthetix tend to support price strength.
- Macroeconomic Factors: Inflation rates, rupee stability, and global risk appetite also play indirect roles.
Traders should monitor these variables alongside technical indicators for a comprehensive view.
Frequently Asked Questions (FAQs)
What is the current price of 1 Synthetix (SNX) in Indian Rupees (INR)?
As of today, 1 Synthetix (SNX) is trading at approximately ₹49.16 against the Indian Rupee.
How much Synthetix can I buy with ₹1?
With ₹1, you can currently purchase about 0.02034 SNX.
When did SNX reach its highest value against INR?
Synthetix hit its all-time high of ₹2,458.66 per SNX on February 14, 2021, during a major bull run in the DeFi sector.
Has SNX gained or lost value against INR recently?
Over the past month, Synthetix has declined by approximately 17.55% against the INR, indicating bearish momentum in the short term.
Why does the SNX/INR price change so frequently?
Cryptocurrency prices are highly volatile and influenced by global trading activity, investor sentiment, exchange flows, and macroeconomic conditions — all contributing to frequent price shifts.
Can I use this data for investment decisions?
While this information provides valuable insights into current and historical pricing, always conduct independent research and consider consulting a financial advisor before making investment decisions.
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Final Thoughts
Tracking the SNX to INR exchange rate is crucial for Indian investors interested in decentralized finance and synthetic assets. Although recent performance shows a downturn, Synthetix continues to innovate within the DeFi space, offering unique financial instruments not available through traditional systems.
By leveraging accurate conversion tools and staying informed about market dynamics, traders can better navigate volatility and identify strategic opportunities — whether they're buying small amounts or managing larger portfolios.
Remember to use trusted platforms that offer real-time updates and secure transaction environments to ensure your crypto journey remains smooth and informed.
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