Synapse Price in India (SYN)

Synapse is a decentralized protocol designed to provide interoperability across multiple blockchains. It enables seamless asset transfers, liquidity provisioning, and cross-chain communication through its secure and scalable network. The native token, SYN, is used for governance, staking, and incentivizing liquidity providers.

Synapse was launched in 2021 by a team of blockchain developers aiming to enhance the scalability and connectivity of decentralized finance (DeFi). The project focuses on creating a seamless cross-chain ecosystem for users and developers.

• Cross-chain interoperability: Enables seamless asset and data transfers across various blockchains.

• Liquidity pools: Allows users to provide liquidity and earn rewards in SYN tokens.

• Scalability: Utilizes efficient bridging technology to reduce transaction times and costs.

• Governance: SYN token holders can vote on protocol upgrades and changes

Synapse has emerged as a leading cross-chain protocol in the DeFi space. With its focus on scalability and interoperability, SYN has gained traction among developers and users. Ranked among the top 500 cryptocurrencies by market cap, it is predicted to have a bright future as blockchain ecosystems continue to grow.

The current price of Synapse (SYN), as of 29 January 2025, is ₹37. You can buy SYN from crypto exchanges like CoinSwitch.

• Cross-chain transfers: Use SYN tokens to facilitate secure and fast transfers between blockchains.

• Staking: Stake SYN tokens to earn rewards and participate in securing the network.

• Governance: Vote on protocol decisions and upgrades with SYN tokens.

• Liquidity provision: Provide liquidity in Synapse pools and earn SYN tokens as rewards.

• Enhances blockchain interoperability, a critical aspect of DeFi growth.

• Rewards liquidity providers through staking and incentivization.

• Governance model empowers the community.

• Competes with other cross-chain protocols like Polkadot and Cosmos.

• Adoption depends on the growth of multi-chain ecosystems.

• Subject to market volatility, like most cryptos.

• Start investing in SYN with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolios on the app.

Synapse (SYN) is a cross-chain protocol that provides interoperability between various blockchains, enabling seamless asset transfers and communication. The SYN token has a total supply of 250 million tokens, distributed as follows: 25% allocated to the team, 25% to the treasury, 25% to liquidity providers, 15% to the ecosystem fund, and 10% to investors. This allocation strategy aims to support the protocol’s development, incentivize liquidity provision, and foster ecosystem growth.