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Synapse

SYN#942 by market cap

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

Synapse is for intent. We have not written its record yet, so its promises are not checked. It trades at $0.0798, #903 of all coins by size, 98% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. +68% to match its rivals. Nothing to be careful of on the record.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
nonenamed backersno investor or index on file
4 yearson the marketsince 23 October 2021
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Passes all four

  • A real-world jobReal-world purpose: intent
  • Real backingBacking: trades on Crypto.com, Kraken, Binance
  • Something aheadAhead: news this month about partnership
  • Room to growRoom: worth $17.47M, 5 times smaller than deBridge, the biggest coin within reach doing the same thing (Intent)

Listed on 4 big exchanges

  • Origin23 October 2021about about 4 yearssynapseprotocol.com, GitHub, Whitepaper
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingNo named investorListed on Crypto.com, Kraken, Binance, KuCoin
  • Standing on the recordNo recordNo dated promise to judge yet1 headline last monthNo corrections needed so far
Why it is worth a look
  • Real-world purpose: intent
  • Backing: trades on Crypto.com, Kraken, Binance
  • Ahead: news this month about partnership
  • Room: worth $17.47M, 5 times smaller than deBridge, the biggest coin within reach doing the same thing (Intent)
The gap, and what to do

To be worth what the typical coin in Intent is worth ($29.42M), its price would need to rise 68%, to about $0.1343. To match the leader, deBridge, 428%.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags
  • Only 1 headline named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

+68%to be worth what its typical rival is worthand +428% to match deBridge
$17.47Mworth todayprice × coins out
$29.42Mthe typical rival is worthIntent
$92.23Mthe leader is worthdeBridge
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Intent

8 coins tagged Intent, worth $273.5M together. #6 of 8 by worth.

Intent: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Synapse$17.47Mthis coin+0.5%88% outno record
  • deBridge$92.23M5.3× bigger, +$74.76M+0.9%, gap +0.459% out0 of 2 delivered
  • CoW Protocol$76.67M4.4× bigger, +$59.2M−3.1%, gap −3.657% outnone dated
  • Across Protocol$30.14M1.7× bigger, +$12.67M−1.3%, gap −1.870% outno record
  • Anoma$29.42M1.7× bigger, +$11.94M+1.1%, gap +0.625% outno record
  • Enso$18.92M1.1× bigger, +$1.45M+1.3%, gap +0.816% outno record
  • SYMMIO$7.13M2.5× smaller, −$10.35M−0.8%, gap −1.296% outno record
  • oooo$1.51M11.5× smaller, −$15.96M22% outno record
Same job, different how

Intent: this coin next to deBridge, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Synapse says
Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains.
deBridge says
deBridge is a system that lets people swap and move crypto between different blockchains without anyone holding their funds along the way.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains.

Problem it says it solves: intent. 8 coins are working on it and together they are worth $273,500,759. This coin is 6% of that.

Where it trades: Crypto.com, Kraken, Binance, KuCoin, LBank

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Intent: this coin next to the group's largest, deBridge.

SynapsedeBridge
Years trading5 years2 years
Major exchanges45
Named backers00
Headlines, last month12
Promises deliveredno record0 of 2

What it says is different: Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains.

It is 18.9% the size of deBridge. On the facts above it is behind on major exchanges. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.0798price of one+0.5% today
98%below its highest ever$5 on 23 October 2021
88%of the supply is out219.07M coins
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The last 7 days

7 days ago: $0.0906now: $0.0798 (−11.3%)

Where today sits against its highest ever price

$0.0798

Highest ever: $4.92 on 23 October 2021. Today is 2% of that.

88%

of all SYN that will ever exist is already out in public hands: 219.07M coins.

12% (30.93M coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Its pages do not say what holding it gets you

That is worth knowing before buying. A coin nobody needs is priced on hope.

  • Nothing the project's own pages spell out.
$0.0798price of one
×
219.07Mcoins out
=
$17.47Mworth today, #903 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 88%of the maximum supply is in circulation: 219.07M of 250M.
  • 30.93Mcoins still to be released, 12% of the maximum. Releases can add selling pressure.
  • 1.1×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 2%of its all-time high of $4.92 on 23 October 2021. That is −98.4% from the top.
  • #903by market cap, $17,473,375.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $12.03M is locked in it right now

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

1headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

1 headline named this coin in the last month.

What they were about

  • Partnership1
In the news
What people are talking about, last month:

Headlines are the publishers' own. News is never placed next to price.

The record itself

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

Pages saveddailycaptured every night
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy