Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,705,446,041 | Market Cap: $2,606,865,237,308
Synapse
SYN
$0.48
Sector
Cross chain
Exchange Debut
2021-09-27
Market Cap
106,004,210
Maxim Supply
250,000,000
Circulating Supply
219,066,529
Circ. Supply(%)
87.63%
Synapse
SYN
Price
$0.48
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
2587059
0.505359376036
0.468570450721
Change 24h
Change 7d
Change 30d
-4.2482
8.8312
-10.1395
Maxim supply
Circulating supply
Circulating supply(%)
250,000,000
219,066,529
87.63%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Synapse cryptocurrency:
The following text represents the fundamental analysis of the Synapse cryptocurrency, a revolutionary crypto project promising to bring universal interoperability through its cross-chain protocol. Based on the multi-criteria analysis, Synapse achieves a final score of 7.32 out of 10, indicating substantial potential for growth and investment opportunities.
Social and Media
Regarding „Social and Media,” Synapse obtained a score of 6.3. The ability to attract followers on social media pages and community activity on these pages were strong sub-criteria, scoring 7. The strong media presence, scoring 9, indicates high project visibility. However, the size of communities on chat groups, scoring only 4, suggests a need for improved engagement and communication.
Audit and Security
The fundamental analysis of the Synapse cryptocurrency also includes an examination of „Audit and Security”, where the project scored 6.15. The transparency of publicly available information and liquidity on the exchange are strong points, each scoring 7 and 6, respectively. However, the audit results, scoring 6, indicate a need to focus more on enhancing security and trust.
Partners and Investors
Addressing the aspect of „Partners and Investors,” Synapse received a score of 7.5. With a good number and capacity of investors, scoring 8, and the quality of partners, scoring 7, the project appears to have a solid base of support and collaboration. However, there is still room for improvements in attracting strong and diverse partnerships.
Token Economy
In terms of the „Token Economy,” scoring 7.5, Synapse presents a promising structure. The centralization of the monetary mass, scoring 9, suggests that the project is well-structured and managed. However, the fact that the project is inflationary, with a year-on-year inflation score of 7, suggests there are risks of token depreciation over the long term.
Fundamental analysis of the Synapse cryptocurrency – The final conclusion
Concluding, the fundamental analysis of the Synapse cryptocurrency suggests that this is a crypto project with significant growth potential but with certain risks. The final score of 7.32 indicates a solid project, but there are still areas where Synapse can and needs to improve, such as community engagement and security. Potential investors should be aware of these risks before making an investment decision.
Synapse is a universal interoperability protocol that enables secure cross-chain communication.Synapse connects blockchains by offering an extensible cross-chain messaging protocol that supports assets, smart contract calls, and more. By leveraging Synapse, blockchains can easily and securely interoperate with each other and developers can build truly cross-chain applications including cross-chain DEX, lending platforms, margining systems, derivatives markets, yield aggregators, and much more.How does Synapse work?The Synapse Protocol is comprised of a messaging framework and an economically secure method to reach consensus on the validity of cross-chain transactions. Synapse provides an extensible set of smart contracts that can be deployed on any blockchain which developers can leverage to build truly native cross-chain applications. Synapse offers interoperability support between every blockchain implementation, be it monolithic base layers, roll-ups, or application-specific chains.The first application built using the protocol (Synapse bridge) enables users to swap assets across the most widely used EVM and non-EVM compatible blockchains. Synapse currently supports the deepest set of cross-chain liquidity out of any of the other interoperability solutions.
Synapse builds secure cross-chain infrastructure necessary to usher in the multi-chain future. The vision for Synapse was born out of the clear realization that new blockchains were integral to onboarding millions of users into crypto as well as a need for seamless interoperability between them.
The Synapse vision consists of three core principles:
Security
User Experience
Composability
These pillars underpin view for how multi-chain user experiences should evolve. Not only should data be able to freely and securely move between blockchains, users and developers should be able interact with and build applications without feeling as if they’re confined to a specific blockchain.
We envision a vibrant ecosystem of user-facing applications that can share state across any blockchain without having to worry about hacks, convoluted UX, or fractured liquidity.
- Latest analysis update: June 15, 2023
Synapse - SYN performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
