Beginner
Intermediate
Advanced

Synapse is now listed on Cryptology!

January 15, 2024
•

Buy, sell and trade SYN

📈 Spot trading of SYN/USDT is live


What is Synapse?

Safely and securely send data across the blockchain thanks to Synapse, the interoperability protocol that connects different networks.

On Synapse protocol they offer a wide range of DeFi based products and services, including:

  • Bridge - send different assets across chain.
  • Swap - exchange assets on chain.
  • Pools - provide liquidity for rewards.
  • Stake - become a node operator.
  • Explore - analytics dashboard.
  • Interchain Network - transfer assets across chain and track analytics.
  • Solana Bridge - flow assets between Ethereum and Solana’s network.

Synapse is one of a kind and described as “the most widely used, extensible, secure cross-chain communications network.”

Your data and transactions are kept safe when transmitted through the Synapse protocol. They use an Optimistic security model for added layers of protection and security.

Currently Synapse works with a number of EVM-compatible blockchains and is integrated into more than 10 Layer 1 and 2 networks including:

  • Ethereum
  • Solana
  • Binance Smart Chain
  • Arbitrum
  • Avalanche
  • Fanrom
  • Polygon.

So far a number of use cases have been created for Synapse including Play to Earn gaming and decentralized finance services. These use cases can increase as more are onboarded to the protocol.

‍

The Synapse token

The native token of Synapse is SYN.

It is the main utility and is used across the Synapse ecosystem to pay for fees, reward liquidity providers and governance rights.

‍

Tokenomics:

  • 18% - nUSD pool on Avalanche.
  • 18%- nUSD pool on BSC.
  • 15% - nUSD pool on Polygon.
  • 22% - nETH pool on Arbitrum.
  • 27% - SYN/ETH Sushi LP on Ethereum.


SYN’s market stats:

  • Current market cap: $57,058,780
  • Circulating supply: 192,696,599 SYN
  • Max supply: 250,000,000 SYN
  • Twitter: 67,598 followers 

‍
Trade SYN



Connect with us

Twitter

Facebook

Telegram

YouTube


Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.