SYN

Synapse price
SYN
#396

$0.7099  

4.84% (1d)

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Synapse statistics

Market cap
$140.47M

4.86%

Volume (24h)
$19.38M

39.35%

FDV
$177.48M
Vol/Mkt Cap (24h)
13.79%
Total supply
214.28M SYN
Max. supply
250M SYN
Circulating supply
197.88M SYN
79.15228199768298%
SYN to USD converter
SYN
USD
Price performance
24h 
Low
$0.6504
High
$0.7713
All-time high
Oct 23, 2021 (3 years ago)
$5.01
-85.84%
All-time low
Aug 05, 2024 (4 months ago)
$0.267
+165.88%
See historical data


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About Synapse

What Is Synapse (SYN)?

Synapse (SYN) is an interoperability protocol designed for safely and securely sending arbitrary data between blockchains.

Its users can transfer and swap their assets across many different chains, including layer 1, layer 2 and sidechain ecosystems.

The project aims to improve inter-blockchain compatibility by helping its users move their assets between different networks more efficiently. In order to securely transfer its users' assets to and from different ecosystems, while maintaining slippage, liquidity pool balances, and transaction prices, Synapse uses a stableswap algorithm.

The Synapse ecosystem is made up of six parts: the Synapse Bridge technology, the cross-chain AMM, aggregative cross-chain communication, the SYN token, the Synapse Chain, and optimistic security approaches.

With Synapse’s generalized messaging system, any arbitrary data can be sent across chains in a secure and seamless way. Applications no longer have to be separately deployed across multiple blockchains; they can be deployed on a single chain and communicate with other chains to create the exact same user experience from one central application layer. Generic message passing also includes smart contract calls, enabling smart contracts on different chains to easily interoperate with one another.

Synapse Bridge allows users to seamlessly swap on-chain assets across 15+ EVM and non-EVM blockchains in a safe and secure manner. The bridge supports two types of bridging: Canonical Token Bridging — bridging of wrapped assets across chains; Liquidity-based Bridging — bridging of native assets across cross-chain stableswap pools.

Synapse Chain is an Ethereum-based optimistic rollup designed to serve as a sovereign execution environment for cross-chain use cases. Synapse Chain will offer developers a generalized smart contract interface for building natively cross-chain use cases by leveraging Synapse’s cross-chain messaging system. Applications built on Synapse Chain will be able to execute their business logic across any blockchain.

Synapse supports multiple EVM-compatible blockchains and is integrated with nearly 18 layer-1 and layer-2 chains, including Ethereum, Optimism, Arbitrum, Harmony, Avalanche, Polygon, Moonbeam, Fantom and BNB Chain.

Who Are the Founders of Synapse?

What Makes Synapse (SYN) Unique?

How Many Synapse (SYN) Coins Are There in Circulation?

Where Can You Buy Synapse (SYN)?

Related Pages:

Fees. Users can pay for gas fees, including cross-chain swap fees, transaction protection fees, and [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) interaction fees using SYN tokens.

 
 
 
 
 
 

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