Synapse
SYN
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
Synapse (SYN) is a fundamentally strong project within the critical blockchain interoperability sector, supported by active development, a robust decentralized governance model, and a highly engaged community. The protocol's strengths are its proven technology, credible team, and strong security practices. However, investment is tempered by notable risks, including uncertain tokenomics due to a proposed removal of the supply cap which introduces inflationary pressure, and the intense competition in the cross-chain market. The Nima Capital incident, while not a protocol hack, also highlights market risks from large token holders.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Synapse (SYN)
Synapse (SYN)
Synapse (SYN) is the native governance and utility token of the Synapse Protocol, a decentralized cross-chain platform enabling seamless asset transfers and messaging across multiple blockchain networks.
Key Features
- Cross-Chain Bridging: Secure transfers of assets and data between EVM and non-EVM chains.
- Governance: On-chain voting for protocol upgrades and parameter adjustments.
- Staking & Incentives: Access to liquidity rewards and ecosystem incentives.
Token Details
- Token Name: Synapse
- Symbol: SYN
- Standard: ERC-20
Resources
- Official Website: https://synapseprotocol.com
- GitHub: https://github.com/synapsecns
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