Synapse Price (SYN)

Synapse (SYN) is an interoperability protocol that strives to facilitate the transfer of data across different blockchains. It enables users to move and swap their assets across various chains, including layer 1, layer 2, and sidechain ecosystems. The Synapse ecosystem comprises six components: the Synapse Bridge technology, the cross-chain AMM, aggregative cross-chain communication, the SYN token, the Synapse Chain, and optimistic security approaches. The Synapse Bridge strives to enable users to swap on-chain assets across multiple EVM and non-EVM blockchains. The SYN token powers the entire Synapse ecosystem, and the Synapse Chain is an Ethereum-based optimistic rollup designed to serve as a sovereign execution environment for cross-chain use cases.

Synapse operates using a stableswap algorithm to strive to facilitate the transfer of users' assets between different ecosystems while maintaining slippage, liquidity pool balances, and transaction prices. Its generalized messaging system aims to send any arbitrary data across chains. This means 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 same user experience from one central application layer. The Synapse Chain offers 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 can execute their business logic across any blockchain.

Synapse seeks to enhance the interoperability of blockchains, allowing users to move their assets between different networks more efficiently. This can be particularly useful for decentralized applications (dApps) that need to operate across multiple blockchains. The Synapse Bridge technology strives to enable users to swap on-chain assets across multiple blockchains. This can be beneficial for users who want to take advantage of different features or opportunities available on different blockchains. Additionally, the Synapse Chain offers a platform for developers to build natively cross-chain use cases, expanding the potential applications of blockchain technology.

Synapse, based in Singapore, 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. The Synapse community governs its protocol through a decentralized group of SYN holders, known as the SynapseDAO. Community members guide the protocol’s development by voting and participating in governance activities. As of March 2023, there are 139,773,376 SYN in circulation.

We update our Synapse to GBP currency in real-time. Get the live price of Synapse on Coinbase.

The current market cap of Synapse is £83.15M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Synapse is £3.61. This all-time high is highest price paid for Synapse since it was launched.

Over the last 24 hours, the trading volume of Synapse is £7.44M.

Assets that have a similar market cap to Synapse include NYM, inSure DeFi, CUDOS, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Synapse is 198 million.

The median time that Coinbase customers hold Synapse before selling it or sending it to another account or address is 7 days.

Synapse ranks 215 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 81% of Coinbase users are buying Synapse. In other words, 81% of Coinbase customers have increased their net position in Synapse over the past 24 hours through trading.

Yes, Synapse is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Synapse guide.