Synapse: Enhancing Cross-Chain Interoperability

In the past 2 years, Ethereum transaction costs have risen due to increased demand. Other layer 1 (L1) blockchains offering lower transaction costs have surfaced to capture users wanting cheaper alternatives. As a result, value has gradually diversified away from Ethereum into these alternative chains.

However, since applications cannot share liquidity or communicate autonomously with one another across chains, liquidity became siloed. It is also not an economically efficient use of resources for alternative L1s to build native bridges to communicate with every other chain in the space.