Synapse Token Price Added Over 40%

On February 2, the daily increase in the price of the utility token of the Synapse cross-chain bridge project (SYN) exceeded 40%. Quotes updated a five-month high at $1.27, according to CoinGecko. Trading volume approached $30 million, six times higher than on Feb. 1. Over the past month, the capitalization of SYN has grown by 143.5%. According to website Synapse, since the launch of the cross-chain bridge, the amount of assets transferred through the protocol has amounted to $11.45 billion. In November, the Synapse Bridge team prevented an $8 million hack. TVL Cosmos-powered Canto’s DeFi ecosystem has more than doubled