Live Price and Market Overview
Aave SNX v1 (ASNX) is a tokenized representation of Synthetix Network Token (SNX) deposited within the Aave Protocol's first version. As of the latest data, the current trading price of ASNX is $0.577133.
Over the past 24 hours, the token has experienced a trading range between $0.572819** (low) and **$0.6135 (high). Its market capitalization and circulating supply figures are typically updated on major tracking platforms, reflecting its position relative to other digital assets.
Price movements are influenced by broader crypto market trends, the utility of the underlying Aave v1 protocol, and the dynamics of the Synthetix ecosystem.
Understanding Aave SNX v1 (ASNX)
Aave SNX v1 is not a standalone cryptocurrency but an aToken. When users deposit SNX into the Aave v1 lending pool, they receive ASNX tokens in return. These aTokens are interest-bearing, meaning their quantity increases over time as they accumulate lending interest from the protocol.
The value of one ASNX token is pegged to the value of one SNX token deposited in the Aave v1 protocol. Therefore, its price closely mirrors the live market price of SNX itself. It's crucial to understand that Aave v1 is a legacy protocol version, and many users have migrated to newer versions for enhanced features and security.
How to Analyze the ASNX Chart
Performing a thorough chart analysis is key to understanding any asset's trajectory. For ASNX, consider the following:
- Time Frames: Analyze price movements across different periods (e.g., 1 day, 1 week, 1 month) to identify both short-term volatility and long-term trends.
- Volume: Trading volume indicates the asset's liquidity and the strength behind a price move. High volume often confirms a trend.
- Support and Resistance: Identify key price levels where the asset has historically reversed or stalled its movement.
- Comparative Analysis: Since ASNX tracks SNX, also monitor the native SNX chart for correlated movements.
For a deeper technical analysis, many traders use indicators like Moving Averages, Relative Strength Index (RSI), and MACD on their preferred charting platforms.
A Historical Perspective on Price
Examining historical performance provides context for current valuations. Aave SNX v1 reached its all-time high (ATH) of $28.40** on February 14, 2021, during a peak in the previous bull market cycle. Conversely, it hit its all-time low (ATL) of **$0.484764 on June 23, 2025.
This significant difference between ATH and current price highlights the inherent volatility of the cryptocurrency market and the specific lifecycle of assets within older DeFi protocols.
How to Buy Aave SNX v1 (ASNX)
Acquiring ASNX involves a few clear steps. Since it's a specialized token, it may not be available on all major exchanges.
- Select a Trading Platform: Choose a cryptocurrency exchange that supports Aave SNX v1 trading pairs. Ensure the platform is reputable and secure.
- Create and Verify Your Account: Sign up for an account and complete any necessary identity verification (KYC) processes to enable full trading and withdrawal capabilities.
- Deposit Funds: Fund your exchange account. This can typically be done via bank transfer (fiat) or by depositing another cryptocurrency like USDT or BTC.
- Execute the Trade: Navigate to the correct trading market (e.g., ASNX/USDT) and place your buy order. You can use a market order for an immediate purchase at the current price or a limit order to specify your desired price.
After your purchase, it is considered best practice to withdraw your tokens to a personal crypto wallet for which you control the private keys, enhancing security. 👉 Explore secure trading platforms for tokenized assets
How to Sell Aave SNX v1 (ASNX)
The process of selling ASNX is essentially the reverse of buying.
- Access Your Exchange Account: Log in to the platform where your ASNX tokens are held. If they are in a personal wallet, you will need to send them to your exchange wallet first.
- Navigate to the Market: Go to the appropriate market for selling ASNX (e.g., ASNX/USDT).
- Place a Sell Order: Choose to sell at the current market price or set a limit order with your target sell price.
- Withdraw or Re-invest: Once the sale is complete, the proceeds (usually in USDT or another base currency) will be credited to your exchange wallet. You can then withdraw them to your bank account or use them to invest in other digital assets.
Frequently Asked Questions
What determines the price of Aave SNX v1?
The price is primarily determined by the market value of the underlying SNX token it represents, combined with supply and demand dynamics on the exchanges where it is traded. As Aave v1 is a legacy system, overall trading activity for ASNX is generally lower than for newer aToken versions.
Can I still use Aave SNX v1 in the Aave Protocol?
Yes, but primarily within the Aave v1 ecosystem. Users can redeem their ASNX tokens to withdraw the underlying SNX from the Aave v1 lending pool. It's important to check the protocol's functionality and liquidity on v1 before engaging, as most development and activity have shifted to later versions.
What is the difference between Aave SNX v1 and native SNX?
Native SNX is the original Synthetix Network Token used for staking, governance, and generating synthetic assets on the Synthetix platform. Aave SNX v1 (ASNX) is a derivative token that represents SNX deposited on the Aave v1 platform; it earns yield and can be used as collateral within that specific protocol.
Is investing in Aave SNX v1 considered high risk?
Yes, like all cryptocurrencies and especially assets tied to deprecated DeFi protocol versions, it carries high risk. Price volatility is significant, and the reduced activity on Aave v1 could impact liquidity. Always conduct extensive personal research and only invest what you are prepared to lose.
Where can I store my ASNX tokens securely?
ASNX is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet that supports custom tokens, such as MetaMask, Ledger, or Trezor. Storing funds in a non-custodial wallet, rather than on an exchange, is always recommended for superior security.
Should I migrate my Aave SNX v1 to a newer version?
This is a strategic decision. Aave has encouraged users to migrate from v1 to newer, audited, and more feature-rich versions. Migrating typically involves using official migration tools provided by Aave to convert v1 aTokens into their v2 or v3 counterparts, often offering better yields and improved safety.