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.

Synapse, which is based in Singapore, doesn’t list its founders, co-founders, or team members. However, the core team is active on Twitter, and their account names are AureliusBTC, Socrates0x, Caesar0x, and Trajan.

In March 2022, Max Bronstein joined the protocol as COO. Bronstein was part of the crypto startup Dharma, where he was involved in building the first DeFi lending markets. He was also one of Coinbase’s earliest investors, and helped develop the platform itself.

Synapse is the rebranding of Nerve Finance, the first stableswap AMM on the BNB Smart Chain (BSC). In August 2021, the project rebranded to Synapse Protocol and modified its business model, but it kept its key investors, including Three Arrows Capital, CMS Holdings, Alameda Research, Immutable Capital, Primitive Ventures, DeFiance Capital and Mechanism Capital.

Synapse’s community governs its protocol through a decentralized group of SYN holders - called the Synapse DAO. Community members steer the protocol’s development by voting and taking part in governance activities.

Synapse Chain is built as an Optimistic Rollup, this offers the following benefits:

Synapse (SYN) is the platform’s native token, which powers the entire ecosystem. The token has a maximum supply of 250,000,000 coins, with a total supply of 192,696,599 coins. As of March 2023, there are 139,773,376 SYN in circulation.

The platform’s tokenomics focus on rewarding SYN users who participate within the ecosystem. The two cross-chain tokens that users can exchange between networks are nUSD and nETH.

SYN tokens serve a number of different functions, including:

As of March 2023, Synapse (SYN) is listed on well-known crypto exchanges like Binance, Coinbase Exchange, Kraken, KuCoin, SushiSwap, PancakeSwap, Gate.io, Huobi, Uniswap, Bitget, BKEX, LBank, MEXC, Phemex, CoinEx, BitMart, Bitrue, BTCEX, XT.COM and more.

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The all-time high of SYN was 5.01 USD on 2021-10-24, from which the coin is now down 89.78571163668663%. The all-time high price of Synapse (SYN) is 5.01. The current price of SYN is down 89.78571163668663% from its all-time high.

As of , there is currently 197.15M SYN in circulation. SYN has a maximum supply of 250.00M.

The current market cap of SYN is 100.89M. It is calculated by multiplying the current supply of SYN by its real-time market price of 0.511735847002.

The all-time low of SYN was 0.42758248 , from which the coin is now up 19.68120092338677%. The all-time low price of Synapse (SYN) is 0.42758248. The current price of SYN is up 19.68120092338677% from its all-time low.

Synapse (SYN) has a market capitalization of $100.89M and is ranked #454 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Synapse (SYN) price trends and patterns to find the best time to purchase SYN.