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Synapse Overview
24h High
$0.06
24h Low
$0.05
24h Change
+0.69%
7d Change
+7.94%
30d Change
+13.21%
Volume 24h
$127.06K
Market Cap
$12.67M
Circulating Supply
227.27M SYN
Synapse News
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About Synapse
Synapse (SYN) is a cross-chain interoperability token of the Synapse Protocol, enabling seamless asset bridging, swaps, and communication across multiple blockchains through its Synapse Interchain Network. SYN is used for governance, liquidity provider incentives, and transaction fees.
SYN serves various purposes within the Synapse ecosystem:
- Governance: Holders of SYN can vote on governance proposals concerning protocol upgrades, fee structures, and new features.
- Incentives and Rewards: *Liquidity Providers: Receive SYN rewards for providing liquidity in Synapse pools. * Bridging Fees:** Fees paid in SYN for asset bridging reward liquidity providers.
- Cross-Chain Utility: *Transaction Fees: SYN is used to cover cross-chain messaging and transaction fees. * Gas Fees:** SYN can be used to pay gas fees for cross-chain transactions.
- Layer-2 Rollup: Synapse Chain is an Ethereum-based optimistic rollup, which is essentially a Layer-2 blockchain built to scale transaction throughput while ensuring security by settling periodically on the Ethereum Layer-1.
- SYN OP Stack: The rollup leverages the SYN OP Stack, an adaptation of Optimism's OP Stack, with added functionalities for native interchain messaging and transaction attestation.
- Cross-Chain Integration: *Interchain Connectivity: Allows seamless integration between multiple chains for decentralised applications (dApps). * Unified Liquidity:** Facilitates unified liquidity across chains by allowing cross-chain asset swapping and lending.
Synapse Protocol was founded by Max Bronstein, initially as Nerve Finance, before being rebranded to Synapse Protocol. The development team consists of blockchain and DeFi experts who work on expanding cross-chain interoperability features.
Synapse Markets
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Synapse Platforms
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Synapse Market Data
The live Synapse price today is $0.06 USD with a 24-hour trading volume of $127,058.66 USD. We update our SYN to USD price in real-time. Synapse is up 0.69% in the last 24 hours.
The current market cap is $12,670,900.26 USD, ranking #621 by market capitalization. The circulating supply is 227,269,513 SYN.