Synapse is a cross-chain layer and protocol powering frictionless interoperability between blockchains
Synapse Market Cap
24h Trade Volume
Supply
All-Time-High (ATH) Price
Synapse's current price is $ 3.97, it has increased +13.7% over the past 24 hours.
Synapse's All Time High (ATH) of $ 4.93 was reached on 24 Oct 2021, and is currently -19.4% down.
The maximum supply of Synapse that will ever be issued is 250.00 Millions tokens, and the current supply of SYN in circulation is 169.43 Millions tokens.
Synapse’s 24 hour trading volume is $ 10.45 Millions.
Synapse's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 673.02 Millions.
Synapse Live Chart
Synapse price Index provides the latest SYN price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Synapse to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
SYN to USD Converter
Synapse Quarterly Returns ($)
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | +39.9% | |||
| 2021 | +4% | +76.1% |
Synapse Closing Price (USD) - Quarterly
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | ||||
| 2021 | $ 1.62 | $ 2.86 |
Synapse Monthly Returns ($)
| Year | Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | +39.9% | |||||||||||
| 2021 | +4% | +100.7% | -27.8% | +21.5% | ||||||||
| Average | ||||||||||||
| Median |
Synapse USD (SYN - USD) Price Change
| Period | Change | Change (%) | High | Low |
|---|---|---|---|---|
| 24H | $ 0.479 | +13.7% | $ 4.23 | $ 3.33 |
| 7D | $ 1.27 | +46.9% | $ 4.23 | $ 2.39 |
| 14D | $ 0.549 | +16% | $ 4.23 | $ 2.39 |
| 1M | $ 2.36 | +146.8% | $ 4.23 | $ 1.54 |
| 3M | $ 0.937 | +30.9% | $ 4.90 | $ 1.54 |
| YTD | $ 1.06 | +36.5% | $ 4.23 | $ 2.39 |
Synapse Annual Price
| Year | USD | High | Low |
|---|---|---|---|
| 2022 | +39.9% | $ 4.23 | $ 2.39 |
| 2021 | +83.4% | $ 4.90 | $ 1.29 |
What is Synapse
Synapse is a cross-chain layer and protocol powering frictionless interoperability between blockchains. By providing decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem, Synapse powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality - and in so doing enables new primitives based on its cross-chain architecture.
The Synapse network is secured by cross-chain multi-party computation (MPC) validators operating with threshold signature schemes (TSS). The network is leaderless and maintains security by each validator running the same process upon receiving on-chain events on the various chains that the MPC validator group tracks. Once two-thirds of all validators have collectively signed the same transaction using their own individual key, the network achieves consensus and issues a transaction to the destination chain.
The Synapse Network is responsible for responding to on-chain events to submit transactions to any particular destination chain, directing liquidity within the network to its desired location. The Synapse AMM is how the assets that compose that liquidity is transformed into tokens native to the chosen destination chain. To do this, the AMM implements a stable swap algorithm to price and re-balance assets within its cross-chain liquidity pools to enable frictionless movement of assets between ecosystems with low slippage. In the future, other implementations may be explored to enhance swapping and bridging efficiency.
SYN is the asset that powers the Synapse Ecosystem. It is used for community governance votes via the SynapseDAO, as an incentive for the liquidity providers that enable the protocol's cross-chain functionality, and as a subsidy 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 in order to operate on the network. As the native token of the Synapse Chain, SYN may also be used to pay for transactions within the network as well as for bridging to other chains.