Synapse Price (SYN)
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Investment Risk
Market stats
Synapse is on the rise this week. ↗
The price of Synapse has decreased by 1.53% in the last hour and decreased by 9.30% in the past 24 hours. Synapse’s price has also risen by 0.33% in the past week. The current price is £0.58 per SYN with a 24-hour trading volume of £21.09M. Currently, Synapse is valued at 83.58% below its all time high of £3.55. This all-time high was the highest price paid for Synapse since its launch.
The current circulating supply of Synapse is 197,892,215.865 SYN which means that Synapse has as total market cap of 197,892,215.865.
Overall
Market cap
£114.7M
Volume (24h)
£21.1M
Circulating
197.9M SYN
Hold time
7 days
Popularity
#388
All time high
£3.55
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Price change
1 hour
↘ 1.53%
1 day
↘ 9.3%
1 week
↗ 0.33%
2 weeks
↗ 34.39%
1 month
↗ 21.79%
1 year
↗ 56.43%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
About Synapse
SYN is an Ethereum token that powers Synapse, a protocol for bridging and swapping assets across chains, earning yield, and more. SYN can be used to vote on the future of the protocol, and can be awarded to network liquidity providers. Synapse also plans to develop a proof of stake blockchain called Synapse Chain in which validators can stake SYN to help secure the network.
Synapse (SYN) is an interoperability protocol that strives to facilitate the transfer of data across different blockchains. It enables users to move and swap their assets across various chains, including layer 1, layer 2, and sidechain ecosystems. The Synapse ecosystem comprises six components: the Synapse Bridge technology, the cross-chain AMM, aggregative cross-chain communication, the SYN token, the Synapse Chain, and optimistic security approaches. The Synapse Bridge strives to enable users to swap on-chain assets across multiple EVM and non-EVM blockchains. The SYN token powers the entire Synapse ecosystem, and the Synapse Chain is an Ethereum-based optimistic rollup designed to serve as a sovereign execution environment for cross-chain use cases.
Synapse operates using a stableswap algorithm to strive to facilitate the transfer of users' assets between different ecosystems while maintaining slippage, liquidity pool balances, and transaction prices. Its generalized messaging system aims to send any arbitrary data across chains. This means applications no longer have to be separately deployed across multiple blockchains; they can be deployed on a single chain and communicate with other chains to create the same user experience from one central application layer. The Synapse Chain offers developers a generalized smart contract interface for building natively cross-chain use cases by leveraging Synapse’s cross-chain messaging system. Applications built on Synapse Chain can execute their business logic across any blockchain.
Synapse seeks to enhance the interoperability of blockchains, allowing users to move their assets between different networks more efficiently. This can be particularly useful for decentralized applications (dApps) that need to operate across multiple blockchains. The Synapse Bridge technology strives to enable users to swap on-chain assets across multiple blockchains. This can be beneficial for users who want to take advantage of different features or opportunities available on different blockchains. Additionally, the Synapse Chain offers a platform for developers to build natively cross-chain use cases, expanding the potential applications of blockchain technology.
Synapse, based in Singapore, is the rebranding of Nerve Finance, the first stableswap AMM on the BNB Smart Chain (BSC). In August 2021, the project rebranded to Synapse Protocol and modified its business model, but it kept its key investors, including Three Arrows Capital, CMS Holdings, Alameda Research, Immutable Capital, Primitive Ventures, DeFiance Capital, and Mechanism Capital. The Synapse community governs its protocol through a decentralized group of SYN holders, known as the SynapseDAO. Community members guide the protocol’s development by voting and participating in governance activities. As of March 2023, there are 139,773,376 SYN in circulation.
Synapse Price History
Date | Price | Change |
|---|---|---|
Today (December 10, 2024) | £0.58 | -8.47% |
24 hours ago (December 9, 2024) | £0.64 | -9.30% |
1 week ago (December 3, 2024) | £0.59 | 0.33% |
1 month ago (November 10, 2024) | £0.48 | 21.79% |
1 year ago | £0.38 | 56.43% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Synapse Calculator
FAQ
What is the current price of Synapse?
We update our Synapse to GBP currency in real-time. Get the live price of Synapse on Coinbase.
What is the market cap of Synapse?
The current market cap of Synapse is £114.73M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Synapse?
The all-time high of Synapse is £3.55. This all-time high is highest price paid for Synapse since it was launched.
What is the 24 hour trading volume of Synapse?
Over the last 24 hours, the trading volume of Synapse is £21.09M.
What other assets are similar to Synapse?
Assets that have a similar market cap to Synapse include NYM, inSure DeFi, CUDOS, and many others. To see a full list, see our comparable market cap assets.
How many Synapse are there?
The current circulating supply of Synapse is 198 million.
What is the typical holding time of Synapse?
The median time that Coinbase customers hold Synapse before selling it or sending it to another account or address is 7 days.
What is the relative popularity of Synapse?
Synapse ranks 207 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Synapse?
Currently, 81% of Coinbase users are buying Synapse. In other words, 81% of Coinbase customers have increased their net position in Synapse over the past 24 hours through trading.
Can I buy Synapse on Coinbase?
Yes, Synapse is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Synapse guide.
Social
Some highlights about Synapse on social media
642 unique individuals are talking about Synapse and it is ranked #306 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Synapse has an average sentiment score of 3.2 out of 5. Finally, Synapse is becoming more newsworthy, with 0 news articles published about Synapse. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Synapse. There were 34.51% of tweets with bullish sentiment compared to 33.63% of tweets with a bearish sentiment about Synapse. 31.86% of tweets were neutral about Synapse. These sentiments are based on 113 tweets.
On Reddit, Synapse was mentioned in 0 Reddit posts and there were 0 comments about Synapse. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
Contributors
642 people
Posts
110 posts
Dominance
0.05%
Volume rank
#306
Average Sentiment
3.2 out of 5
Tweet Count
113 people
Sentiment
34.51%
Bullish
31.86%
Neutral
33.63%
Bearish
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This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.