synapse

ChainCatcher news reports that the event "Synapse 2025: Exploring the Future of AI," hosted by the Web3 one-stop service provider Cipher Dance, was successfully held at Alibaba Cloud's Hong Kong office, bringing together industry leaders to discuss the future development of AI.The event included two exciting discussion sessions. Guests from 0G Labs, KITE.AI, and Aethir discussed how AI is reshaping various industries, particularly in the application of decentralized technologies and Web3. Core team members from Vly AI, Artela Network, Lumoz, Mysten Labs, and Brevis discussed how AI agents can transform smart contracts and enhance the decision-making process within the blockchain ecosystem.Francis from Vly AI mentioned that they have already integrated AI Agent into their social payment product, allowing users to interact directly with @vly_agent on X to give crypto tips to other users, with plans to provide more intelligent features in the future.

ChainCatcher news, according to the popularity index data from the Web3 asset data platform RootData, as of January 6th, 10:00, in the Top 50 ranking of skyrocketing projects, the RootData popularity index shows that Synapse has surged 539 positions, with its token SYN experiencing a 24-hour increase of 4.29%.Synapse is a universal interoperability protocol that enables secure cross-chain communication. Synapse connects blockchains by providing a scalable cross-chain messaging protocol that supports assets, smart contract calls, and more. By leveraging Synapse, blockchains can easily and securely interoperate, allowing developers to build truly cross-chain applications, including cross-chain DEXs, lending platforms, margin systems, derivatives markets, yield aggregators, and more.It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking is calculated in real-time based on the weighted frequency of searches by platform users, project click rates, user votes, as well as the popularity and influence on the X platform.

ChainCatcher news, according to RootData data, the Synapse token (SYN) has increased by 16.84% in the last 24 hours, currently priced at $0.422.Additionally, the Web3 asset data platform RootData shows that Synapse is a universal interoperability protocol that enables secure cross-chain communication. Synapse connects blockchains by providing a scalable cross-chain messaging protocol that supports assets, smart contract calls, and more. By leveraging Synapse, blockchains can easily and securely interoperate, allowing developers to build truly cross-chain applications, including cross-chain DEXs, lending platforms, margin systems, derivatives markets, yield aggregators, and more.

ChainCatcher message, according to MistTrack monitoring, Inferno Drainer has become active again, having just transferred approximately 304 ETH to SynapseRouter.

ChainCatcher news, the Arbitrum DAO has approved a one-time "backfund" of 21.1 million ARB tokens (approximately 23.54 million USD) to support 26 projects that missed the first round of funding, which are projects that have received funding from the Short-Term Incentive Program (STIP) but failed to receive funding due to the initial budget of 50 million tokens for the program.The 26 projects receiving this grant include Gains Network (4.5 million ARB), Stargate Finance (2 million), Synapse (2 million), PancakeSwap (2 million), Wormhole (1.8 million), Magpie (1.25 million), RabbitHole (1 million), dForce (1 million), Vela (1 million), and others. According to the proposal, this grant will be distributed after a three-day waiting period.

ChainCatcher news, the Hong Kong Stock Exchange plans to launch the Shanghai-Shenzhen-Hong Kong Stock Connect trading settlement acceleration platform HKEX SYNAPSE on October 9. This platform uses the open-source smart contract language DAML to synchronize data across blockchains and centralized databases, standardizing and simplifying post-trade workflows, improving operational efficiency and transparency, while reducing settlement risks.

ChainCatcher news, the cross-chain communication network Synapse has launched the test networks for Synapse Interchain Network and Synapse Chain to enable cross-chain communication.Among them, the Synapse Interchain Network (SIN) is the first optimistic proof-of-stake (PoS) cross-chain network, achieving trustless communication and settlement between chains. Applications built on SIN can access all blockchain data and liquidity.The Synapse Chain is an Optimistic L2, built on the SYN OP Stack, enabling native information interoperability and interconnection. As the hub of SIN, Synapse Chain serves as the inter-chain data availability layer for SIN, where all SIN states are published to Synapse Chain and used for message proof, adjudication, and fraud reporting. Additionally, Synapse Chain implements a modular Layer2 cross-chain, supporting cross-chain deposits and fast withdrawals from standard L2 bridges, native cross-chain communication, and instant cross-chain communication using SIN.

ChainCatcher news, according to Coingecko data, the price of the SYN token fell to $0.3097 at 8:25 today and has now rebounded to $0.3326, with a 24-hour decline of 19.2%. In response to the sharp drop in the price of the SYN token, the cross-chain protocol Synapse tweeted that a Synapse liquidity provider sold their SYN tokens and withdrew liquidity today. The team is investigating unusual activity on their wallet and is trying to make contact. The protocol or cross-chain bridge has not suffered any security vulnerabilities.

ChainCatcher news, Binance tweeted that it will list Synapse Protocol (SYN) on February 22, 2023, at 10:30 (UTC), and open the SYN/BTC and SYN/USDT spot trading pairs.It is reported that users can now start depositing SYN in preparation for trading, and SYN withdrawals will be available on February 23, 2023, at 10:30 (UTC). (source link)