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Home»Altcoins»Ethereum-Based interoperability Altcoin Explodes after Binance Futures Listing

Ethereum-Based interoperability Altcoin Explodes after Binance Futures Listing

Altcoins By Gavin17/08/2024
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Ethereum is an interoperable Ethereum.ETHBinance has suddenly become a major supporter of the.-based DeFi platform.

It’s a brand new world announcementThe largest cryptocurrency exchange in the world by volume, said that it would be adding futures for Synapse’s interoperability protocols (SYN).

“To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the SYNUSDT Perpetual Contract at 2024-08-16 12:30 (UTC) with up to 50x leverage.”

News of SYN being listed sent SYN – the native asset of this project – soaring. SYN, the native asset of the project, is currently trading at $0.522 – a stunning 32% gain in just 24 hours.

Officials of the project have confirmed that it is a successful initiative websiteSynapse is an open-source cross-chain platform that was released in August 2021. It is compatible with many other layers-1 and 2 chains, such as Binance’s BNB chain, Arbitrum, etc.ARB), Optimism (OP), Avalanche (AVAXDogecoinDOGEPolygon (MATIC).

Fantom, for example, is a popular chain.FTMBlastBLASTBase is the top US crypto exchange by trading volume, Coinbase.

“Synapse is comprised of a cross-chain messaging framework and an economically secure method to reach consensus on the validity of cross-chain transactions, enabling developers to build truly native cross-chain apps…

“Synapse Bridge was built on the top of cross-chain infrastructure, allowing users to transfer assets seamlessly across all blockchains.”

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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should conduct their own due diligence. Your transfers and trades will be at your risk and you are liable for any loss. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl is an affiliate marketer.

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Source: dailyhodl.com

binance bridge Cross chain Crypto DeFi ETH ethereum interoperability News SYN synapse trading
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