Synapse Network Embarks On A Historic Journey By Migrating To zkSync

cryptonews.com:

, a leading cross-chain launchpad, is embarking on a groundbreaking journey by migrating its native token, $SNP (soon to be $zkSNP), to zkSync, heralding the dawn of the era of Zero Knowledge and Layer Zero integration. Notably, $SNP is set to become the first-ever omnichain launchpad token.The Synapse Network team, after thorough consideration, has therefore chosen to migrate to zkSync, marking the beginning of a transformative journey.

This strategic move positions Synapse Network at the forefront of technological innovation in the blockchain space.Key DetailsAs of now, $SNP is accessible on three different chains, embodying a multichain approach. Post the imminent migration to zkSync, scheduled for January 15th, Synapse Network is set to pioneer the concept of an omnichain launchpad token, solidifying its commitment to technological advancements and streamlined user experiences.Synapse Network’s decision to migrate its token stems from a strategic evaluation of its cross-chain model.

It is worth mentioning that the cross-chain model will still be the same so users will be able to invest using 17 chains but the multichain aspect of the token will change to be made available on zkSync. Together with the migration, the team will add zkSync as another chain in the cross-chain ecosystem.Originally designed to offer a seamless, fee-free, and instantaneous reach to the DeFi ecosystem, evolving market dynamics and technological considerations have prompted the team to reassess its approach.The transition to zkSync is anticipated to simplify infrastructure, concentrate liquidity, and free up resources, enabling the team to focus on enhancing the Synapse Network’s overall functionality.