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View ChartSynapse (SYN) is the native utility and governance token of the Synapse Protocol, a foundational cross-chain interoperability network that facilitates secure asset transfers and communication between different blockchains.
Synapse is a cross-chain bridge and messaging network that supports 15+ EVM and non-EVM blockchains.
The SYN token is used for governance and staking to secure the network.
Its architecture uses a decentralised validator set and an optimistic security model to enhance security and reduce costs.
The protocol powers the Synapse Chain, an Ethereum-based optimistic rollup designed as a sovereign execution environment for cross-chain use cases.
SYN is available on major exchanges in both spot and derivatives markets.
Synapse is the governance and utility token for the Synapse Protocol, a cross-chain communication network that connects disparate blockchains.
| Item | Details |
|---|---|
| Name (Ticker) | Synapse (SYN) |
| Contract Address (Ethereum) | 0x0f2D…FD9F29 (abbreviated as listed on CoinMarketCap); Block Explorer: etherscan.io; Docs: https://docs.synapseprotocol.com/ |
| Consensus Mechanism | Validator-based cross-chain attestation with optimistic verification and fraud proofs; validators stake SYN to participate. |
| Smart Contracts | Ethereum Virtual Machine (EVM) compatible |
| Category | Cross-Chain Bridge, Interoperability |
| Max Supply | 250,000,000 SYN |
| Total Supply | 243.16M SYN |
| Circulating Supply | 235.88M SYN (about 94.35% of max supply), according to CoinMarketCap |
| TPS | Varies by connected chain |
| Scaling Solution | Synapse Chain (Ethereum-based optimistic rollup) |
| Blockchain | Native to Ethereum, but used across all connected chains (Arbitrum, Optimism, Polygon, Avalanche, BNB Chain, Base, etc.) via bridges |
Synapse launched in 2021; the project is governed by SYN token holders through community voting.
Synapse launched in 2021 (Yahoo Finance lists a start date of 26 September 2021). According to the project's documentation, Synapse has settled $50B in transactions between 2M+ users and generated $30M+ in fees.
The Synapse Protocol operates as a generalised cross-chain communication network. It doesn't just bridge tokens; it sends arbitrary messages and data between chains. Here's a simplified breakdown of its core mechanics:
Cross-Chain Messaging: At its heart, Synapse uses a network of decentralised validators. These validators observe events on one chain (like a user locking assets) and collectively attest to that event on the destination chain, instructing it to mint equivalent assets or execute a smart contract.
Optimistic Security Model: For enhanced security and lower costs, Synapse employs an optimistic verification system. Transactions are processed immediately based on validator attestations. A fraud-proof window follows, during which anyone can challenge invalid transactions by submitting cryptographic proof, slashing the malicious validator's stake.
Synapse Chain (Interoperability Layer 2): Synapse Chain is an Ethereum-based optimistic rollup designed as a sovereign execution environment for cross-chain use cases. It acts as a hub, allowing applications to interact with multiple chains from a single, low-cost environment. Assets bridged via Synapse can exist natively on this chain.
Unified Liquidity Pools: The protocol uses canonical liquidity pools (like the nUSD stablecoin pool) on each connected chain. This allows for efficient, low-slippage swaps between any supported assets across chains.
Synapse is a cross-chain bridge and messaging network that supports 15+ EVM and non-EVM blockchains.
Generalised Messaging: Unlike simple token bridges, Synapse's architecture supports arbitrary data transfer. This enables complex cross-chain applications like lending, derivatives, and governance, making it a true interoperability layer rather than just a bridge.
Decentralised Validator Set & Staking: Network security is maintained by a permissionless set of validators who must stake SYN tokens. This economic stake is slashed for malicious behaviour, aligning validator incentives with network security.
Canonical Bridging & Native Assets: Canonical Token Bridging — bridging of wrapped assets across chains; Liquidity-based Bridging — bridging of native assets across cross-chain stableswap pools. This reduces fragmentation and confusion in DeFi.
Synapse Chain as an App Hub: By providing an Ethereum L2 specifically designed for cross-chain apps, Synapse reduces development complexity and gas costs for builders, fostering a dedicated ecosystem of interoperable applications.
The SYN token is integral to the operation and governance of the Synapse ecosystem.
Governance: SYN holders can participate in governance decisions for Synapse Protocol, Hypercall, and Cortex Protocol through token holder voting.
Staking & Network Security: Users can stake SYN tokens with validators to help secure the network. Validators stake SYN tokens to participate in the network and earn rewards for processing cross-chain transfers.
Liquidity Provision: While not a direct function of the token, the protocol's stability relies on deep liquidity pools. The protocol relies on deep cross-chain stableswap liquidity pools (such as the nUSD stablecoin pool) for efficient, low-slippage swaps.
SYN is available on major exchanges in both spot and derivatives markets.
As with any cryptocurrency, the price of SYN fluctuates with market conditions, and regulatory treatment of digital assets varies by jurisdiction. Cross-chain protocols also carry technical risks, including smart contract vulnerabilities and the possibility of validator misbehaviour. This article is for reference only and does not constitute investment advice.
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TradeAs of right now, the live price of Synapse (SYN) is A$0.241302. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated SYN to USD rate at the top of BTCC’s price page. In terms of market scope, Synapse records a 24h trading volume of A$6.575003M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$61.902976M. Its current circulating supply stands at 236.09M out of a maximum supply cap of 250M.
The price volatility of Synapse (SYN) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (236.09M) to max supply (250M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Synapse (SYN) hit an all-time high (ATH) of A$7.146013 on 2021-10-23 22:55, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at A$0.038999 on 2026-06-11 02:25. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading SYN futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$6.575003M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s SYNUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Synapse, simply log into your BTCC account with USDT margin available, navigate to the SYNUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for SYNUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$0.241302), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for SYNUSDT with zero financial risk.
Trading Synapse (SYN) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for SYNUSDT, and review its live price (A$0.241302) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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