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synapse-2

Synapse Price (SYN)

#166
$1.51
4.55%
฿0.00006212
2.95%
Market Cap

The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).

Market Cap = Current Price x Circulating Supply.
$282.2M
Volume 24h

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

$9.4M
Circulating Supply

Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.

184,408,724
Total Supply

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.

Total supply = Onchain Supply - Coins Removed from Circulation
184,907,850
Fully Diluted Valuation

The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.

$377.5M

Synapse Price Chart (USD)

24H Change

4.55%
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Synapse Price Update

Synapse price is $1.51 , up 4.55% in the last 24 hours, and the live market cap is $282.2M . It has a circulating supply volume of 184,408,724 SYN coins and a max. Supply volume of 184,907,850 SYN alongside $282.2M 24h trading volume.
The addresses and transactions of Synapse can be explored in https://ftmscan.com/address/0xe55e19fb4f2d85af758950957714292dac1e25b2 and https://arbiscan.io/token/0x080f6aed32fc474dd5717105dba5ea57268f46eb .
Synapse website is https://synapseprotocol.com.

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About Synapse

Synapse is a cross-chain layer protocol for blockchain activities such as asset transfers and swapping across chains. It offers decentralized and permissionless transactions between L1, sidechain, or L2 ecosystems.


Synapse (SYN) is an Ethereum token that powers Synapse, with Ethereum contract address 0x10b123fddde003243199aad03522065dc05827a0.

Check the Synapse current price, 24-hour trading volume, market cap, total supply, circulating supply, max. supply, historical statistics, etc., and get updates on SYN price in real-time on CoinStats, one of the best crypto platforms around.


CoinStats is a cryptocurrency research and portfolio tracker app that provides investment advice and valuable information on cryptocurrencies, including their real-time prices, to help investors make better decisions.


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What Is Synapse


Synapse is a universal cross-chain liquidity network that promotes frictionless interoperability between blockchains by providing an extensible cross-chain communication protocol. The protocol supports assets, smart contract calls, etc., that make it easy for blockchains to easily and securely interoperate with each other.


Synapse allows developers to build cross-chain applications, including cross-chain DEX, lending platforms, margining systems, derivatives markets, yield aggregators, etc.


The Synapse network is a crypto resource that facilitates the bridging of assets across chains, swapping of assets, earning of yields, etc., by offering decentralized and permissionless transactions between L1, sidechain, or L2 ecosystems.


Synapse supports most of the widely used EVM-compatible blockchains.


The Synapse Token (SYN)


SYN is the Synapse ecosystem's native protocol token. It's an Ethereum token used for most activities in the Synapse network.


The Synapse token is used for voting on the protocol's future and other governance-related matters via the SynapseDAO. Users with up to 50,000 SYN tokens get to vote on protocol-level changes to the network.


The SYN coin is also the go-to resource for incentivizing users that provide liquidity, essential for the Synapse network cross-chain functionality. Synapse token holders can provide liquidity for the network on SushiSwap.


SYN may also be used to pay for the gas expended by network validators to secure transactions across the network. Once the Synapse Chain reaches the Archean Phase, SYN will provide economic security for the chain by requiring validators to stake it to operate on the network.


There is a max. supply of 250,000,000 SYN coins and the highest price for Synapse was $4.92 on Oct 24, 2021. Synapse had an all-time low of $0.389600 on Sep 21, 2021.


Synapse Founders


The Synapse protocol is led by an anonymous founder that goes by the name Aurelius on Twitter.


The Chief Operating Officer of Synapse is Max Bronstein, who has helped build some of DeFi’s first lending markets at Dharma. Bronstein also developed the Coinbase institutional platform in its infancy and invested in Coinbase ventures.


How Does Synapse Work


The Synapse network is secured by cross-chain multi-party computation (MPC) validators operating with threshold signature schemes (TSS). The network maintains security by each validator running the same process on the various chains that the MPC validator group tracks. The network achieves consensus and issues a transaction to the destination chain when two-thirds of all validators have collectively signed the same transaction using their own individual key.


The Synapse AMM is how the assets that compose the network liquidity are transformed into tokens of the chosen destination chain. To allow the efficient swapping and bridging of assets between ecosystems with low slippage, the AMM implements a stableswap algorithm to price and re-balance assets within its cross-chain liquidity pools.


Where to Buy Synapse


The SYN token has been listed on several crypto exchanges, including Coinbase, Binance, BingX, MEXC, BTCEX, Gate.io, etc. Sushiswap is currently the most active exchange to buy or sell Synapse.


SYN cannot be directly purchased with fiat currency. You must first buy Ethereum from any fiat-to-crypto exchange and then trade ETH for SYN on an exchange that supports Synapse.

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

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