Synapse Research Hub | SYN information, history and analysis
Synapse is one of the prominent cross-chain asset migration solutions in the cryptocurrency market. Currently, the project supports up to 19 different blockchains and the number will increase in the future when Layer 1, Layer 2 projects are more and more.
This DeFi protocol has 3 main products:
- Swap: users can trade the same tokens as on other DEXs.
- Bridge: users can move assets between many different blockchains such as: Ethereum, BNB Chain, Arbitrum…
- Liquidity Pool: users can provide liquidity on the protocol for rewards.
The SYN token is the native token of the Synapse protocol, used to access services on the network. The core functions of the SYN token include:
- Staking rewards
- Pay Protocol Fees and Gas Fees
- Governance
SYN trading volume is $ 77.84m. Market capitalization reaches $ 120.37m.
SYN trading volume is $ 70.71m. Market capitalization reaches $ 124.09m.
Whale accumulates 2.33 million SYN
A new cryptocurrency wallet known as 0x437 withdrew a total of SYN 2.33 million (equivalent to $2.02 million) from Coinbase through four transactions in the last four hours.
The wallet currently holds the same amount. Notably, SYN’s price is up 4.29% in the last hour.