Synapse (SYN) Tokenomics, Unlock Schedule and Vesting Chart

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Synapse (SYN) Token Unlock & Vesting Schedule

As of October 19, 2026, 155 million of the 250 million SYN (62.00%) have been released. The schedule is ongoing, with no final release date.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

Original SYN design

Historically, SYN served three roles:

Governance: voting on SynapseDAO proposals, emissions, and deployments.
Incentives: liquidity mining and pool incentives to grow cross‑chain liquidity.
Protocol utility: fee rebates or rewards tied to bridging and routing. (cryptoeq.io)

SYN’s initial token model emphasized a fixed maximum supply with emissions directed by DAO proposals. Over time, the community adjusted incentives to reflect pool usage and network priorities. The forum’s emissions proposals and buyback discussions illustrate how holders shaped the incentive structure as the bridge matured. (defillama.com)

The 2025 token upgrade path

In January–February 2025, the Synapse community approved SIP‑43 to upgrade SYN into the Cortex Protocol’s $CX, establishing one unified token and DAO for both stacks. The proposal specified a conversion rate and set timelines for migration, along with plans to merge utility and governance under the unified token. Multiple centralized venues and wallet providers later posted migration notices and support steps for holders. While this article focuses on the educational aspects of SYN, the upgrade is a crucial piece of its history and explains why many platforms now reference $CX. (forum.synapseprotocol.com)

Assumptions

A reported 155 million SYN genesis airdrop is placed in the August 2021 launch month as an estimate, not as a verified mint. Liquidity incentives and other documented budgets have incomplete payment dates, while roughly 70 million unvested-NRV conversion rights have an unresolved schedule and may overlap those budgets. The chart can show the estimated launch distribution, but it cannot reliably show cumulative token creation: dated annual cross-chain supply measurements, a current total and the date the 250 million maximum was reached were not established. Documented SYN-to-CX burns total at least 4,030.18850002 SYN, with the full cumulative burn amount unknown.

SYN Creation Beyond the Reported Launch Distribution: The sources give the amount but no release dates.
SYN Creation Beyond the Reported Launch Distribution: Releases depend on future governance or treasury decisions.
Future Distribution and Liquidity Mining: Releases depend on future governance or treasury decisions.
Prior Distribution to Liquidity Providers: Only secondary sources describe the timing, so it is not confirmed.
Protocol-Owned Liquidity: Only secondary sources describe the timing, so it is not confirmed.
SynapseDAO Market-Maker Loan: The sources give the amount but no release dates.
Proposed SYN–FRAX Pool Incentives: Releases depend on future governance or treasury decisions.
Unvested NRV Conversion Rights: Releases depend on future governance or treasury decisions.

Sources (23)

Max Supply 250.00M

Unlocked Supply 155.00M

Unlock Progress 62.00%

Genesis Date August 2021

Fully Unlocked Ongoing

Allocations 8

Marketcap Rank (#) 532

Price ($) 0.177 -4.98% (7d)

24h Volume ($) 798K -47.46% (7d)

Marketcap ($) 40M

Fully Diluted Value ($) 44M

Circulating Supply 88% HIGH

Perpetuals: 1 market on Binance · $7.7M open interest

Spot

Perp


SYN/USDT	776K	28K/18K
SYN/USDT	200K	12K/9.7K
SYN/USDT	188K	6.2K/8.2K
SYN/USDT	110K	6.9K/13K
SYN/USD	87K	6.9K/19K
SYN/USDC	64K	3.6K/5.5K
SYN/EUR	5.8K	4.4K/11K
SYN/WETH	21	110/110
SYN/WAVAX	11	109/109

Allocations

SYN Creation Beyond the Reported Launch Distribution

N/A tokens

Timing not yet established (August 2021 - October 2026): amount unknown

Timing not yet established (November 2026 - open): amount unknown

Sources: SYN Ethereum contract and verified interfaceSynapse Bridge — Token and tokenomics$SYN Token

SYN Genesis Airdrop

155,000,000 tokens

Cliff: August 2021 — 100.00% of allocation · 155,000,000 tokens

Sources: Synapse Protocol (SYN) Price — token launch and airdropSynapse’s Mainnet Launch — The Hadean PhaseWhat is Synapse (SYN)? — Token allocation

Future Distribution and Liquidity Mining

67,000,000 tokens · 1 part

Timing not yet established (August 2021 - October 2026): amount unknown

Timing not yet established (November 2026 - open): amount unknown

Sources: Synapse’s Mainnet Launch — The Hadean PhaseSynapse Bridge — Token and tokenomicsSIP-05: Recalibrating SYN's emissionsReducing Synapse EmissionsSynapse Emissions ReductionReducing Protocol EmissionsAdvancing Synapse’s liquidity model and reducing SYN emissions$SYN TokenSYN 2.0 — Major Protocol Upgrade Preparation

Prior Distribution to Liquidity Providers

19,500,000 tokens

Timing not yet established: 19,500,000 tokens

Sources: What is Synapse (SYN)? — Token allocation

Protocol-Owned Liquidity

5,500,000 tokens

Timing not yet established: 5,500,000 tokens

Sources: What is Synapse (SYN)? — Token allocation

SynapseDAO Market-Maker Loan

3,000,000 tokens

Timing not yet established (March 2022 - April 2024): 3,000,000 tokens

Sources: SIP-9: SYN Token Loan for Market MakingCorrection: Loan for Market Making

Unvested NRV Conversion Rights

70,000,000 tokens

Timing not yet established (November 2021 - open): 70,000,000 tokens

Sources: unvSYN emission schedule

Last Updated: 2026-10-10 14:13:51 UTC

Description

#532

Synapse is a protocol that enables interoperability between blockchains through a cross-chain messaging framework and a consensus mechanism based on multi-party computation validators. It allows for secure and efficient transfer of assets across different chains.

Sector:	Bridges
Blockchain:	Ethereum

2021