Synapse
Current price
$0.1677
−12.03%24h
LiveUpdated 17s ago
TodaySynapse drops 12.0%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.89%
- 24 hours−12.03%
- 7 days−15.21%
- 30 days+111.22%
- 1 year+106.45%
Synapse's move in context
Lagging the market today
−12.03% today against −3.24% for the market as a whole, a gap of 8.8 points. A gap this wide suggests something specific to Synapse may be moving it, not just the market mood.
Trend has turned
−15.2% over 7 days and +111.2% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Synapse
Overview
Synapse is a cutting-edge cryptocurrency designed to improve cross-chain interoperability, allowing seamless communication and value transfer between different blockchains. The core mission of Synapse is to create a unified ecosystem where assets, applications, and services can interact without barriers, fostering collaboration and enabling decentralized finance (DeFi) applications to flourish. Distinguishing features of Synapse include its innovative bridging technology, which enhances user experience by minimizing transaction times and costs. Furthermore, Synapse aims to empower users by providing governance mechanisms that allow the community to shape the platform’s future direction.
Technical Features
Synapse operates on a unique hybrid consensus mechanism that combines Proof of Stake (PoS) with delegated elements to enhance security and efficiency. This model not only secures the network but also ensures quick transaction finality, making it suitable for a wide range of applications. The network architecture is built on a modular framework, allowing developers to easily create and integrate decentralized applications (dApps) without extensive coding knowledge. Synapse utilizes innovative algorithms that facilitate atomic swaps and liquidity pooling, ensuring that cross-chain transactions occur smoothly and securely. With a focus on reducing central points of failure, its security model employs advanced cryptographic techniques to protect user data and assets from malicious attacks.
Use Cases
Synapse's primary use cases encompass a wide range of applications. One of its most significant roles is in decentralized finance (DeFi), where users can trade, lend, and borrow assets across multiple networks effortlessly. The inherent capabilities of Synapse also extend to governance, enabling token holders to participate actively in decision-making processes affecting the entirety of the ecosystem. Additionally, Synapse supports the creation and transfer of non-fungible tokens (NFTs), spanning industries such as gaming, art, and collectibles. Its unique architecture allows for spirited cross-border payments, tackling the high fees and slow transaction times typically associated with traditional financial systems. Finally, Synapse's smart contract functionality opens the door for developers to deploy complex, scalable applications within its ecosystem.
Development Background
Launched in 2021, Synapse was conceived by a team of blockchain enthusiasts and industry experts dedicated to addressing the challenges associated with cross-chain transactions. Initial funding came from a consortium of early investors with experience in the cryptocurrency space, ensuring ample resources for further development and marketing. Since its inception, notable events such as successful partnership announcements with various DeFi protocols and cross-chain integrations have propelled Synapse into the limelight, solidifying its reputation within the crypto community.
Community and Ecosystem
The Synapse ecosystem is bolstered by an active community of developers, investors, and users who contribute to its ongoing success. A range of partnerships with other blockchain platforms, DeFi protocols, and NFT marketplaces enriches its ecosystem and promotes synergy among projects. The community-led initiatives, including hackathons and grant programs, encourage innovative projects to be built on Synapse, further enhancing its utility and adoption. Governance features allow stakeholders to propose and vote on critical upgrades, fostering a sense of ownership and engagement within the community.
Future Potential
Looking ahead, Synapse's potential impact is substantial, driven by its robust technology and diverse use cases. As the demand for interoperability within the blockchain space continues to rise, Synapse is well-positioned to be at the forefront of this movement. Upcoming developments, such as enhancements to its governance framework and integration of new chains, promise to enrich user experience and broaden use cases. With the continuous growth of DeFi, NFTs, and enterprise adoption, Synapse is poised to become a vital player in the evolving landscape of blockchain technology.
Synapse market
- Position by market cap among the coins we track.
- #256
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $39.57M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1676High $0.1945
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $4.92
- Now 3% of itReached 24 Oct 2021 · Needs +2,834% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 235.99M SYN
- 94% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 243.28M SYN
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 250M SYN
- The most coins that can ever exist. Some coins have no limit.
Synapse converter
1 Synapse = $0.1677
