Synapse (SYN)
Rank #548
Market snapshot
- Price
- $0.110415
- Market cap
- $25.8M
- 24h volume
- $6.6M
- Circulating supply
- 233,629,866.1387
- Total supply
- 247,690,670.9123
- Max supply
- 250,000,000
What is Synapse?
Synapse is a cross-chain protocol designed to facilitate seamless communication and transactions across different blockchain networks. It enables developers to build decentralized applications (dApps) that can operate natively across multiple chains, leveraging a secure messaging framework for transaction validation.
How Synapse works
Synapse utilizes a cross-chain messaging framework that securely connects different blockchains. This framework allows for the deployment of cross-chain messaging contracts, enabling users to transfer assets seamlessly across various blockchains. Users can swap any asset on any blockchain and borrow or lend assets using Synapse pools, which enhances the overall utility of the protocol.
Key information
- Symbol
- SYN
- CMC rank
- #548
- Network / platforms
Arbitrum, Aurora, Avalanche C-Chain, BNB Chain
- Categories
- N/A
- Date added
- Sep 26, 2021
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Arbitrum
0x080f6aed32fc474dd5717105dba5ea57268f46ebAurora
0xd80d8688b02B3FD3afb81cDb124F188BB5aD0445Avalanche C-Chain
0x1f1e7c893855525b303f99bdf5c3c05be09ca251
Key characteristics
Synapse is open-source, allowing developers to contribute and innovate on its platform. It supports cross-chain messaging, enabling the transfer of assets across multiple blockchains. The protocol is designed to facilitate the creation of cross-chain applications, enhancing interoperability within the DeFi ecosystem.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Synapse (SYN)?
- Synapse (SYN) is a cryptocurrency that facilitates cross-chain transactions and interoperability across multiple blockchain ecosystems.
- How does Synapse work?
- Synapse uses a cross-chain messaging framework to connect different blockchains, allowing for seamless asset transfers and the development of cross-chain applications.
- What are the technical features of Synapse?
- Synapse is open-source and supports cross-chain messaging, enabling users to swap assets and borrow or lend across different blockchains.
- What are the risks associated with transferring Synapse (SYN)?
- Users should verify contract addresses, handle private keys securely, and be aware of the volatility of digital asset prices.
- How can I verify the acquisition of Synapse (SYN)?
- Ensure you verify the asset name, network, and contract details before transferring assets.
- Where can I find official resources for Synapse?
- Official resources for Synapse can be found on its website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
