Gate News Bot Message, February 05: According to CoinMarketCap data, at the time of press, SYN (Synapse) is trading at $0.08, up 7.22% in the past 24 hours, with a high of $0.14 and a low of $0.06. The 24-hour trading volume reached $43 million. The current market capitalization is approximately $15.2 million, an increase of $1.02 million from yesterday. Synapse is the most widely used, scalable, and secure cross-chain communication network. The platform offers features such as Bridge, Swap, Pools, and Stake, supporting users in cross-chain asset transfers. Additionally, Synapse Protocol has recently launched the Hypercall product, further expanding its ecosystem applications. ## Important recent news about SYN: 1️⃣ **Ecosystem product creation**

Gate News Bot Message, January 29th, according to CoinMarketCap data, as of press time, SYN (Synapse) is currently trading at $0.06, up 25.46% in the past 24 hours, with a high of $0.07 and a low of $0.05. The 24-hour trading volume reached $23.9 million. The current market cap is approximately $11.9 million, an increase of $2.42 million compared to yesterday. Synapse is the most widely used, highly scalable, and secure cross-chain communication network. The protocol offers multiple features such as Bridge, Swap, Pools, and Stake. Users can obtain routing quotes and connect their wallets through the Bridge panel to submit transactions, enabling cross-chain asset transfers. Recently, Synapse also launched its latest product, Hypercall, further expanding its ecosystem applications.

Singapore Exchange President Michael Sin stated that cryptocurrency perpetual futures have been popular since their launch, representing new liquidity rather than cash transfers. He emphasized that the goal is to establish BTC/ETH contracts as the benchmark contracts for the Asian trading session.