Summary:

The Synapse universe has 2 core components:

The Synapse DAO has received a 2M ARB grant from the Arbitrum DAO. As of today, this grant is worth $3.5M and will be distributed before March 29th.

Here is Synapse’s 3 step plan for world domination in 2024.

In his blog post, Endgame, Vitalik lays out his vision for scaling Ethereum. Ethereum block space is limited & expensive – there is simply not enough compute to run everything on Ethereum. If this problem is to be solved without compromising security, he suggests three components are required: a decentralized settlement layer, low-cost rollups, and an optimistic interchain communication network. Two years later, Ethereum has become that settlement layer, and low-cost optimistic rollups are plentiful.

The most advanced bridge explorer to date is here, announcing the Synapse Explorer.

Synapse Protocol now powers generalized cross-chain messaging between the Klaytn Network and other Synapse supported chains. Upon launch, generalized cross-chain messaging will facilitate the bridging of DeFi Kingdom assets between DFK chain, Serendale (Klaytn), and Crystalvale (DFK Chain). Pursuant to Synapse Protocol’s goal of interconnecting all blockspace, this launch opens a brand new playground for developers to design innovative blockchain use cases.

The Synapse Bridge now supports native bridging of Chainlink’s protocol token, $LINK, between the Ethereum and Klaytn blockchains. This integration addition denotes the 22nd token supported by the Synapse bridge, and the beginning of Chainlink building on top of Synapse as the protocol supports taking $LINK multichain.

Canto marks the 18th blockchain interconnected by Synapse’s cross-chain liquidity network. Similarly, this is Synapse’s first connection into the Cosmos ecosystem, bringing Synapse closer to its goal of being the most widely-used and built upon cross-chain communications network.