Revolutionary Ecosystem Developed by Synapse Network Opens up Cross-Chain Inv...
Synapse Network is developing the first cross-chain investment ecosystem based on blockchain technology. It will offer five cross-chain products for the cryptocurrency sector, including a DEX and DeFi marketplace, saving a lot of time and effort to everyone frustrated with the current fractured landscape. Trade ETH to MATIC or BNB in Just One Swap Technology specialist Synapse Network will provide investors with a simple one-stop-shop solution to consolidate their transactions. Compared to a multichain solution, where you need to invest into one of multiple pools – a costly and....
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Network validators were able to identify unusual activity in the platform’s AMM metapools and prevent the fraudulent transaction. Cross-chain protocols are continuing to face challenges, with Synapse Bridge narrowly averting a multi-million exploit.On Nov. 7, Synapse Bridge announced on Discord they had prevented a hacker from draining approximately $8 million USD from the Avalanche Neutral Dollar (nUSD) Metapool. The hacker attempted to exploit a vulnerability using the bridge to transfer assets from Polygon (MATIC) to Avalanche (AVAX). Synapse is a cross-chain bridge designed to....
Cross-chain bridge Synapse has seen the value of its native token SYN plummet after a liquidity provider (LP) dumped all their tokens. According to data from CoinGecko, the token’s price declined by nearly 25% a few hours after the sell-off. On Tuesday, 5th of August, Synapse Labs announced – via a post on X (formerly Twitter) – that one of the liquidity providers sold their SYN tokens and removed liquidity from the Synapse protocol. Lookonchain reported a whale dumping 9 million SYN tokens an hour after this disclosure. According to the on-chain analytics platform, the whale....
Blockchain software development and security consultancy firm Arcadia partnered with DotOracle Network to build the first cross-chain bridge on Casper Network, the first proof-of-stake (PoS) blockchain developed based on the Casper CBC (correct-by-construction) specification. Arcadia and DotOracle will build a liquidity network layer for Casper Network, which will enable users to move digital assets back […]
With so many blockchains on the market today, the demand for cross-chain operability grows ever louder. While there are some projects in development, Wanchain stands out among the pack. Having just integrated Litecoin into its cross-chain ecosystem, Wanchain’s interoperability solution is miles ahead of competing ecosystems. Blockchain Needs Cross-Chain Support No matter how one wants […]
Cosmos becomes the first public blockchain to be added to the China-only version of the Blockchain-based Service Network. Tweeting on Monday, the Blockchain-based Service Network — China’s blockchain infrastructure project — announced that it had adapted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version, only supports permissioned enterprise blockchains.Thus, the Cosmos integrated to the Chinese-only BSN is an Open Permissioned Blockchain, or OPB, version called Wenchang Chain. The hybrid was developed by Chinese blockchain startup Bianjie which is....