November 24, 2022, 11:54AM EST
• 8 min read

Synapse: Enhancing Cross-Chain Interoperability

Quick Take

  • Synapse is a cross-chain interoperability protocol that enables composability across different chains.
  • The Synapse bridge leverages the protocol to enable cross-chain asset swaps and transfers.
  • Synapse’s V2 upgrade introduces optimistic verification and the Synapse chain, which is an Ethereum-based optimistic rollup.
  • Synapse’s native token, SYN, will be used to secure the chain and incentivize optimistic verification participants.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here