Synapse (SYN) is a prominent interoperability protocol designed to enable secure asset transfers and data sharing across various blockchain networks, including both EVM and non-EVM chains.
Key Aspects:
Core Function:
Synapse facilitates bridging, swapping, and messaging, allowing seamless interactions across different blockchain ecosystems.
Ecosystem Components:
The Synapse ecosystem comprises several elements:
Synapse Bridge: Enables cross-chain asset transfers.
Cross-chain Automated Market Maker (AMM): Supports efficient trading.
Synapse Chain: An Ethereum-based optimistic rollup for enhanced scalability.
Token Utility:
The SYN token serves multiple purposes:
Governance: Holders can participate in decision-making.
Incentives: Rewards liquidity providers.
Transaction Fees: Used to pay for network transactions.
Performance Highlights (Feb 2026):
Price: Approximately $0.073 - $0.078.
Market Cap: Ranges between $13M and $14M.
Circulating Supply: About 185.8M SYN$SYN .
Recent Developments:
Despite experiencing a year-over-year decline, SYN has shown recent resilience with 7-day gains of 40-60%.
Note:
This overview is specific to the Synapse (SYN) cross-chain protocol and does not include details about SynFutures (F), a separate derivatives DEX project.
