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Synapse

Synapse

Bridge

Synapse Protocol Review

Synapse Protocol, which launched in August 2021, is designed for easy cross-chain asset bridging in the DeFi world. With over $50 billion in transactions and support from investors like CMS Holdings, DeFiance Capital, and FJ Labs, Synapse has solid backing that highlights its growth potential and commitment to blockchain connectivity. The team is also developing Synapse Chain, which aims to expand the platform's capabilities to better support decentralized applications.

TVL
$119 524 909
Blockchain
N/A
Promo bonus
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Crypto earn alerts on Synapse

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Synapse, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Synapse.

Earning crypto on Synapse

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Synapse. Check the table above for all the details.

Current TVL of the Synapse protocol

The Synapse protocol's Total Value Locked (TVL) is currently $119 524 909. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Synapse is holding.

Synapse protocol type

Synapse is a bridge protocol, making it easier for different blockchains to connect and share assets and data smoothly. With Synapse, users can move assets or information between blockchains without needing a middleman. This setup supports a more seamless and interconnected experience across various blockchain networks, helping the whole ecosystem work together more efficiently.

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