Synapse
ATH / ATL
24h Price
24h summary
Over the last 24 hours, Synapse moved from $0.14277 to $0.14541. The session high was $0.15052, the low was $0.14009, and the intraday range was $0.01043 / 7.3%.
- 24h open
- $0.14277
- 24h close
- $0.14541
- 24h high
- $0.15052
- 24h low
- $0.14009
- Volatility / range
- $0.01043 / 7.3%
- Updated
Monthly Returns heatmap
Heatmap summary
Synapse posted 18 positive months out of 42. The longest positive streak lasted 6 months, while the longest negative streak lasted 4 months.
- Strongest month
- Jun 2026 +1 152.4%
- Weakest month
- Jul 2026 -74.3%
- Longest positive streak
- 6 Oct 2023 — Mar 2024
- Longest negative streak
- 4 Apr 2024 — Jul 2024
- Luckiest calendar month
- Jun • avg 275.2% • 4 mo.
- Unluckiest calendar month
- May • avg -24.8% • 4 mo.
Networks
Supported exchanges
About the coin
Synapse (SYN) is a native utility and governance token that plays a crucial role in the Synapse ecosystem. Synapse is a cross-chain communication protocol designed to facilitate seamless asset transfers and generalized message passing between blockchains.
The protocol aims to bridge the gap between disparate blockchain networks, allowing for interoperability that is often lacking in the current decentralized landscape. This is achieved through a sophisticated network of validators and a mechanism that ensures the security and efficiency of cross-chain transactions.
SYN tokens are integral to the functioning of this ecosystem. They are used to incentivize network participants, particularly the validators who are responsible for processing and verifying cross-chain transactions. This incentivization model is key to maintaining the integrity and security of the Synapse network.
Furthermore, SYN tokens serve as a governance mechanism. Holders of SYN have the ability to participate in the decision-making processes that shape the future development and direction of the Synapse protocol. This includes voting on proposals related to protocol upgrades, parameter changes, and the allocation of treasury funds.
The utility of SYN extends to covering transaction fees within the Synapse network. Users may be required to stake or pay with SYN tokens to utilize the cross-chain functionalities offered by the protocol, ensuring that the network has a sustainable economic model.
Synapse is deployed across multiple blockchain networks, enhancing its reach and utility. The SYN token is available on various prominent chains, reflecting its widespread adoption and the protocol's commitment to multi-chain interoperability. These chains include:
- BNB Smart Chain (BEP-20 standard)
- Avalanche C-Chain (ERC-20 standard)
- Arbitrum One (ERC-20 standard)
- Ethereum (ERC-20 standard)
- Fantom
- Optimism (ERC-20 standard)
- Polygon PoS (ERC-20 standard)
The presence of SYN on these diverse networks underscores its role as a foundational element for cross-chain communication and asset movement. The token's standards vary depending on the specific blockchain it resides on, but its core functions remain consistent across all supported networks.
The Synapse protocol leverages an optimistic rollup architecture for its cross-chain messaging, which allows for fast and efficient communication between different blockchains. This architecture is designed to be secure and cost-effective, making cross-chain interactions more accessible to users and developers.
By enabling developers to build cross-chain applications and allowing users to move assets seamlessly, Synapse aims to foster a more interconnected and user-friendly decentralized ecosystem. The SYN token is central to this vision, empowering its holders and driving the network's growth.
The tokenomics of SYN are designed to align the incentives of all stakeholders, from token holders to validators and users. This alignment is crucial for the long-term success and security of the protocol.
In essence, Synapse (SYN) is more than just a cryptocurrency; it is a vital component of a protocol striving to unlock the full potential of blockchain interoperability. Its utility spans transaction fees, network security through staking incentives, and decentralized governance, making it a key player in the evolving cross-chain landscape.
The development and deployment of Synapse on multiple chains demonstrate a strategic approach to building a robust and widely accessible cross-chain infrastructure. The SYN token is the engine that powers this infrastructure, ensuring its continued operation and evolution.
As the blockchain space continues to expand, the need for seamless interoperability becomes increasingly critical. Synapse, with its SYN token at its core, is positioned to address this need by providing a reliable and efficient solution for cross-chain communication.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the SYNUSDT market feed.
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