Coin Alerts

SYN news archive

71 stories

Last checked

Refresh

Estimated news impact scores by coin. Scores are not price-change percentages.

Newest first

Check failed. Showing saved news from .

  4. Published Social post

    Synapse Labs (@SynapseProtocol)

    Today, we’re introducing Synapse Intent Network - a millisecond cross-chain market place for any asset and action: A permissionless intent network with live fraud proofs Off-chain orderbook competition between relayers instead of “first come first serve” completion, resulting in better prices for users Support for arbitrary actions: relayers can quote complex destination chain outcomes (bridge and borrow, bridge and LP a pool, etc) Full composability for other apps to build on top of SIN Beyond Simple Intents Cross-chain infrastructure has reached an inflection point. While the first wave of bridges connected chains, and the second wave introduced intents, we're now entering a third era: real-time cross-chain markets for any action. Today, we're launching the Synapse Intent Network, a fundamental evolution in cross-chain architecture that moves beyond traditional intent systems to create the first true marketplace for cross-chain execution. The current landscape of cross-chain infrastructure is dominated by first-generation intent systems. These networks, while innovative at their time, are fundamentally limited by their single-dimensional competition model. Like Uniswap V2, they optimize for a single variable - in this case, execution speed. The result? A race-to-fill model that creates inefficient markets and suboptimal user outcomes. SIN changes this paradigm entirely. By introducing real-time price competition alongside speed, we've created a two-dimensional marketplace that functions more like traditional financial markets. This isn't just an incremental improvement - it's a complete reimagining of how cross-chain infrastructure should work. Additionally, as cross-chain complexity has grown to thousands of chains, we recognize that users don’t simply want to bridge funds, but take an action after they bridge. The Synapse Intent Network allows any token and any action. For example: the user can bridge ETH from Arbitrum and receive sUSDe deposited into a pendle pool on Ethereum. The Technical Evolution At the heart of the Synapse Intent Network are three core innovations: True Permissionless Relaying and the POS Future For the first time, anyone can compete as a relayer completely permissionlessly. We achieve this through an optimistic proving mechanism where relay attempts can be disputed by a network of guards(fraud proofs). This creates a secure, open system that encourages broader participation while maintaining robust security guarantees. This means that any market participant from market makers, MEV bots, trading firms and other DeFi protocols can start relaying in the network and fulfilling user intents. Today, the network of guards that catch fraud proofs are a permissioned multi-party compute system, similar to the rollout of fraud proofs on L2s. In the future, the network will further decentralize by allowing anyone to run a fraud prover. To prevent malicious fraud proofs where relayers acted honestly from delaying user funds, the network will use a POS system to incentivize fraud provers’ honesty. Every prover and relayer will stake a set amount of $SYN(similar to ETH POS). Staking $SYN to run fraud provers and relayers: Scenario 1: A relayer submits a transaction to fullfill a user intent A staked fraud prover maliciously claims the transaction is fraudulent when it is not The prover is slashed, their slashed $SYN is returned to the protocol The user receives their funds once the proof is shown to be malicious and incorrect Scenario 2: A relayer submits a transaction to fullfill a user intent A staked fraud prover submits an honest proof, showing the relayer is malicious The relayer is slashed, a portion of their slashed $SYN is given to the fraud prover as a rewarded, the rest is returned to the protocol Real Time Bidding between Relayers SIN introduces millisecond-latency bidding for cross-chain transactions. Unlike traditional intent systems where relayers race on first to complete a transaction given a price constraint, SIN enables real-time price competition. This creates a true orderbook model for cross-chain transactions, leading to better prices through active competition. A quick look at intent.markets (https://inhttps://intent.markets will show 5 active intent networks, all of which are “First come, First serve”. Relayers only compete on who’s fastest to relay, not against each other to provide the user with a better price. With SIN, relayers compete in an off-chain auction to give users the best price. This allows CEX like pricing with on-chain guarantees. Intents for Chain Abstraction Synapse Intent Network introduces a new concept: relaying with an arbitrary call for any cross-chain action. Imagine wanting to earn yield in the sUSDe Pendle Pool. The yield is highest on Ethereum, but the user only has ETH on Arbitrum today. Traditionally, this would require: Bridging ETH to Ethereum Swapping to sUSDe Finding the correct Pendle pool and depositing into it Now, we allow relayers to bid and fill any arbitrary intent. Think of it as a highly efficient marketplace for cross-chain services: Users specify what they want (the destination state) Relayers compete to deliver this outcome The market determines fair pricing through competition Complexity becomes a relayer concern, not a user burden SIN is the world’s largest marketplace for seamlessly executing complex cross-chain operations on behalf of users. This is how chain abstraction happens. As blockchains become more complex with the addition of new chains, protocols, and tokens, this approach simplifies user interactions by delegating the complexity to relayers. These relayers efficiently handle intricate processes, ensuring seamless and cost-effective execution for users. This model creates powerful economic incentives for relayers: Relayers specialize in specific types of cross-chain operations Competition drives innovation in execution strategies Users benefit from increasingly efficient markets The Endgame Step by step, world domination (https://synapse.mirror.xyz/JOhV8_8HMIPRqKTkbJqU5no4RNWQpln4pvUXZcBPAVk). Step 1 - Build the best bridge Step 2 - Use the order flow from the bridge to build the biggest intent network. We’re launching Synapse Intent Network today. Step 3 - AI + Intents = The best crypto experience. Cortex is an AI agent that executes complex transactions. It understands crypto better than any human could and has access to the Synapse Intent Network to execute complicated transactions on behalf of users. Watch it in action (https://x.com/Cortex_Protocol/status/1859766879948292581). This is the future we envision: Natural language as the primary interface for blockchain interaction AI-powered systems understanding and executing complex cross-chain strategies A thriving marketplace of specialized relayers competing to serve users Seamless integration between human intention and blockchain execution The pieces are already in motion. The bridge established the foundation. The intent network creates the marketplace. Cortex provides the intelligence. Together, they form something greater than their parts—a new standard for how humans and machines interact with blockchain technology. Welcome to the future of cross-chain infrastructure. Welcome to Synapse. Join the Evolution See the endgame of chain abstraction. (https://x.com/Cortex_Protocol/status/1859766879948292581) SIN is live on mainnets today. Build arbitrary actions and run a relayer today (https://docs.synapseprotocol.com/docs/RFQ/) Synapse Intent Network Audits (https://github.com/synapsecns/sanguine/tree/upload/audits/assets/sanguine-audits) Learn more about Synapse on X (https://x.com/SynapseProtocol)

  6. Published Social post

    Synapse Labs (@SynapseProtocol)

    One of the coolest integrations yet from @Spectral_Labs. They recently launched a platform to launch AI agents that trade on @HyperliquidX. Their AI agents use Synapse to bridge to Hyperliquid. This is the first case of agents using the bridge we're aware of 🤯🤯

  8. Published Social post

    Synapse Labs (@SynapseProtocol)

    Excited to showcase Cortex, the full chain abstraction stack powered by AI. The first access codes will be going out in the coming weeks to those who hold >50k SYN or have held 5k SYN for >12 months. twitter.com/Cortex_Protoco… Quote [@Cortex_Protocol](https://www.twitter.com/Cortex_Protocol/status/1859766879948292581) > Today, we’re releasing the first demo of Cortex. An AI agent that trades and interacts with blockchains on your behalf. > > - Research coins, trade, and deploy to blockchains with chat > > - CX1 is the first AI model trained on every blockchain transaction, smart contract and protocol

  9. Published Social post

    Pyth Network 🔮 (@PythNetwork)

    When DeFi grows, we grow. October volumes are the cumulative impact of top tier partners building top tier apps. $58B Total Traded Volume driven by; @Synthetix V3 on @base @APX_Finance on @base @SynFuturesDefi V3 on @blast @DriftProtocol on @solana @BlastFutures (BFX) on @blast $8.7B+ Total Value Secured with major contributions from; @KaminoFinance on @solana @MorphoLabs on @base @eulerfinance on Ethereum @RDNTCapital on @arbitrum

  10. Published Social post

    Synapse Labs (@SynapseProtocol)

    Synapse is literally cheaper on 85 of 100 routes and 87% cheaper on average. Use lyin' Across if you want to 6x more expensive bridging. twitter.com/AcrossProtocol… Quote [@AcrossProtocol](https://www.twitter.com/AcrossProtocol/status/1853847960863568127) > i ran 80,000 simulations and in all of them Across is the fastest and the cheapest

  11. Published Social post

    Synapse Labs (@SynapseProtocol)

    Excited to be a day one partner! Cheaper, faster bridging for users. Cross-settlement makes rebalancing for relayers easier, allowing them to be more capital efficient. twitter.com/EverclearOrg/s… Quote [@EverclearOrg](https://www.twitter.com/EverclearOrg/status/1838594319609139246) > .@SynapseProtocol joins Everclear as a Day-1 Rebalancer! 🎉 > > Synapse Protocol Relayers will monitor intent auctions and utilize discounted intents for optimized settlements and intent fulfillment facilitated by Everclear’s Clearing Layer. 🤝 > > Learn more: blog.everclear.org/synapse-protoc…

  12. Published Social post

    Synapse Labs (@SynapseProtocol)

    Excited to be a launch partner of @EverclearOrg 🥳 Their settlement layer will be key to driving down cross-chain costs for users, particularly on @SynapseProtocol ! twitter.com/EverclearOrg/s… Quote [@EverclearOrg](https://www.twitter.com/EverclearOrg/status/1836391877580669126) > Everclear, the first Clearing Layer, is now live on mainnet beta. ✨ > > By coordinating the global settlement of liquidity between chains, Everclear dramatically reduces rebalancing costs for solvers & other actors in the space to power scalable Chain Abstraction. > > Learn more 👇

  14. Published Social post

    Paribu (@ParibuCom)

    Paribu Box’ta Synapse (SYN) yatırma işlemleri başladı. Bugün 16.00 itibarıyla alım satım işlemlerinizi gerçekleştirebilirsiniz. Paribu Box hakkında detaylı bilgi almak için 🔽 paribu.com/blog/haberler/…

  15. Published Social post

    Synapse Labs (@SynapseProtocol)

    Excited to announce that the Synapse DAO is the recipient of a ~140k OP grant from the Optimism Collective Retro PGF 4! Synapse drove 25% of all high value addresses on @Optimism , 10x more than all other bridges combined

  18. Published Social post

    Synapse Labs (@SynapseProtocol)

    You're right, Chris; the data doesn't lie. We compared Synapse, Across & Stargate covering every route combination between Ethereum and major L2s, checking both ETH and USDC. Synapse is cheapest in 45 of 60 routes. Synapse users save 81.2% on average. 👇 Data & code below. twitter.com/cburniske/stat… Quote [@cburniske](https://www.twitter.com/cburniske/status/1796582605472846324) > Data doesn't lie: @AcrossProtocol is consistently cheaper and faster than @StargateFinance, despite marketing that will try to convince you otherwise. twitter.com/hal2001/status…

  19. Published Social post

    Pyth Network 🔮 (@PythNetwork)

    The Pyth Network is excited to release its SYN/USD price feed $SYN is the governance token of the @SynapseProtocol DAO enabling stakers to vote on governance initiatives The Pyth SYN/USD price feed is now available on more than 55 blockchains

Showing 21 of 71 stories · Page 2 of 2. Filters apply to the full news archive.