Synternet (SYNT) is a platform enabling secure, scalable, and efficient data exchange and resource sharing across interconnected blockchain networks.

The growing reliance on centralized systems for accessing on-chain data undermines the core principles of decentralization in Web3. While blockchain networks generate decentralized data, much of it is funneled through Web2-style APIs controlled by single entities, creating bottlenecks and vulnerabilities. This dependency limits the efficiency, transparency, and scalability of decentralized applications. Addressing this challenge requires a paradigm shift toward decentralized data exchange protocols that empower users and eliminate intermediaries. Synternet is a data layer protocol designed to enable decentralized access to and monetization of blockchain data efficiently and transparently.

What is Synternet (SYNT)?

Synternet was co-founded by Domas Povilauskas, Kipras Kazlauskas, Domantas Jaskunas, Jonas Simanavicius, Justinas Valutavicius, and William Norton. The platform is led by CEO Daniel Haudenschild, whose leadership focuses on advancing Autonomous Economic Agents (AEAs) to enable developers to create composable, use-case-specific applications across blockchains. The team brings experience from institutions like Ernst & Young, Swisscom Blockchain, and J.P. Morgan, combining technical and financial expertise to address on-chain data challenges.

In 2024, Synternet introduced the SYNT Bridge, facilitating interoperability across blockchains and enhancing data sharing. This development positioned Synternet as a decentralized solution for blockchain data access, catering to the growing need for multichain connectivity. Strategic partnerships with Mantis and the Interchain Ecosystem supported technological development while backing from investors such as Moonrock Capital and Faculty Group provided both funding and industry guidance.

January 2025 marked the announcement of Synternet’s Le Mans roadmap, detailing three phases for advancing its ecosystem. The first phase, Dunlop, launched Yield Explorer, a tool for tracking wrapped Bitcoin assets and providing real-time insights into proof of reserves. This phase also introduced data access upgrades, including Synternet Gateway and anomaly detection algorithms. In upcoming phases, Mulsanne and Arnage plan to expand asset coverage, introduce community-driven governance, and enhance wallet support and cross-chain signaling.

Synternet’s development focuses on creating a robust infrastructure for decentralized data access, transparency, and integration across blockchain ecosystems, aiming to address current limitations in blockchain interoperability and data availability.

How Does Synternet Work? Data Layer Protocol and its Actors

The Data Layer Protocol is the backbone of Synternet’s blockchain infrastructure, facilitating decentralized, interoperable data access across multiple blockchain networks. Designed to address inefficiencies in current data systems, the Data Layer ensures secure, scalable, and decentralized delivery of blockchain data for developers, organizations, and users. The protocol eliminates reliance on centralized services, enabling real-time and historical data exchange that drives innovation in decentralized applications.

At its core, the Synternet Data Layer Protocol functions as a modular execution layer for blockchain data. It allows full nodes to sell blockchain data to developers while users can purchase it using cryptographic tokens. The protocol’s design revolves around decentralization, usability, and scalability. Unlike traditional systems that depend on centralized APIs controlled by single entities, the Data Layer fosters a trustless ecosystem where anyone can act as a data provider or consumer. This shifts the control of blockchain data from centralized services to a decentralized marketplace.

A key innovation of the Data Layer Protocol is using a Publish-Subscribe (PubSub) model, a messaging framework where publishers provide data to the network, and subscribers consume it based on their needs. This eliminates the computational overhead of direct interactions between data providers and consumers. Publishers compute messages once, while brokers distribute these messages to subscribers, ensuring efficiency and scalability. The PubSub SDK supports multiple programming languages, simplifying integration and development for both publishers and subscribers.

The Data Layer Protocol’s app-specific blockchain acts as a synchronization and payment layer, enforcing authentication, authorization, and accounting for all participants. This chain ensures registry, payment processing, and staking mechanisms while preventing malicious behavior through penalties and rewards. Observers within the protocol verify and attest to broker activities, ensuring data integrity and compliance.

Source: docs.synternet.com

Tokenomics within the protocol incentivize competition among data providers to deliver high-quality, cost-efficient data. As the marketplace matures, the price per gigabyte of blockchain data will decrease significantly, driving greater adoption. Additionally, brokers and publishers benefit from fixed protocol fees, creating a sustainable economic model.

By decentralizing data access and management, Synternet’s Data Layer Protocol democratizes blockchain data for Web3 applications, enabling developers to subscribe to relevant data streams like transactions, token transfers, or smart contract events. Publishers can monetize their data by offering enhanced, human-readable streams tailored to specific use cases. The protocol empowers developers and organizations to build robust, trustless applications through its modular design and advanced tokenomics, fostering a sustainable, scalable, and secure decentralized data access and management ecosystem.

Protocol’s Actors

The Synternet Data Layer Protocol operates through a seamless interplay of four primary actors: Publishers, Subscribers, Brokers, and Observers. Each actor plays a critical role in maintaining the protocol’s decentralized, efficient, and trustless nature while fostering a sustainable ecosystem for data distribution and monetization. Together, they ensure the protocol’s scalability, security, and usability, addressing inefficiencies of centralized data systems and enabling innovation in decentralized applications.

Publishers are the system’s backbone, generating and publishing data streams to the network. These data streams, termed subjects, follow a structured naming convention such as synternet.ethereum.*, representing entity, application, and data category. By registering their services on-chain, Publishers define agreements with Subscribers, including pricing and service terms. This ensures a transparent and accountable system, with the ability to offer leaner, cost-effective data formats to reduce network overhead. Trust in Publishers is integral; Subscribers must evaluate the reliability of data sources, similar to how clients assess traditional RPC nodes. As the protocol evolves, future developments like trustless publishing and credit-based rate limitations aim to improve efficiency, minimize spam, and facilitate seamless exits for Publishers.

Subscribers consume data streams published on the protocol by entering on-chain agreements with Publishers. Represented by one or more Clients, Subscribers utilize Synternet tokens as credit for accessing data streams, ensuring payment security and system integrity. Data consumption is accounted for in bytes, incentivizing Subscribers to prioritize sustainable Publishers offering efficient data formats. While the current Subscriber-Client relationship relies on trust, future protocol iterations may incorporate on-chain Client management and mechanisms to prevent double-spending and malicious activities.

Brokers form the intermediary layer, facilitating data transfer between Publishers and Subscribers. Operated as NATS (Neural Autonomic Transport System) superclusters, Brokers validate and distribute data streams efficiently while maintaining an accountable record through Proofs of Delivery (PoDs). Brokers earn rewards from network fees, but only upon submitting attested PoDs verified by Observers. This ensures trustless operations and deters manipulations, as malicious activities are penalized through credit slashing. Future enhancements aim to optimize Broker node selection and discourage freeloading by introducing continuous crediting and inactivity penalties.

Observers oversee the correctness of PoDs submitted by Brokers, acting as the protocol’s safeguard. They earn rewards for validating proofs or challenging invalid submissions, ensuring data integrity and deterring malicious behavior. Observers’ role is crucial in maintaining system accountability, with rewards proportional to their workload and contributions. Future advancements may explore leaner accounting models, such as zero-knowledge proofs, to enhance efficiency and reduce Observer reliance.

In unison, these actors uphold the Synternet Data Layer Protocol’s decentralized architecture, enabling a robust and trustless data economy.

Synternet Use Cases

Synternet’s versatile Data Layer Protocol empowers various industries by decentralizing access to blockchain data, enabling real-time insights, and fostering innovative applications. Its modular design provides efficiency, scalability, and security, addressing the needs of DeFi, retail, blockchain, and enterprise sectors.

• DeFi Applications: Synternet facilitates real-time monitoring of smart contracts, enabling users to assess liquidity and fund flow dynamically. It empowers DeFi platforms to adjust strategies in real-time, enhancing responsiveness and optimizing yield generation.
• Retail Solutions: Investors benefit from tools that identify the best yields across blockchain networks and provide real-time notifications of trading opportunities. Synternet also supports copy-trade events, enabling retail participants to replicate successful strategies efficiently.
• Blockchain Enhancements: Synternet improves blockchain user experiences by integrating data streaming capabilities. It enables preventative risk approaches through enhanced data accessibility, ensuring a proactive and secure environment for participants seeking optimal yields.
• Enterprise Integration: Synternet streamlines enterprise operations with automated cross-chain strategies, offering real-time risk assessments and hedging mechanisms against loss events. Its robust infrastructure gives enterprises actionable insights to effectively manage complex, decentralized systems.

Synternet Main Features

Fee Structure

Synternet’s fee structure is designed to balance simplicity and transparency. Subscribers pay a total subscription price, combining a service fee set by Publishers for data delivery (per gigabyte) and a fixed network fee that rewards Brokers and Observers. For example, if a Publisher sets a service fee of 100 tokens per gigabyte and the network fee is 200 tokens, a 250MB data stream would cost 75 tokens. Observers validating Proofs of Delivery (PoDs) receive 16% of the network fee, while Brokers claim the majority for delivering the data. This ensures a fair economic model, where data providers are incentivized and operational transparency is maintained.

Source: docs.synternet.com

Services

Synternet’s decentralized services create on-chain agreements between Publishers and Subscribers, accessible via a developer portal. Two service types—public (unencrypted) and private (encrypted)—allow flexibility in data accessibility. Publishers set terms such as data pricing and collateral, while Subscribers top up their credit to consume streams. The Offer-Subscribe flow allows Publishers to register services, while the Request-Publish flow enables Subscribers to request data. Once active, services facilitate seamless data delivery, accounting, and payment processes. Expiration occurs if interest wanes or the Publisher opts to end the service, transitioning it through states like Expiring, Expired, and Terminated.

Decentralized Accounting

Synternet employs a hybrid on-chain/off-chain accounting model to ensure transparency. Data streams are delivered by Brokers, who generate Proofs of Delivery (PoDs) validated by Observers. Verified PoDs trigger payments to Publishers, Brokers, and Observers. This decentralized system prevents fraud while ensuring efficient and secure data delivery. Observers validate PoDs through off-chain data streams, with incorrect submissions penalized by slashing the responsible party’s credit. This robust process ensures accountability, builds trust, and maintains network integrity, laying the foundation for a secure data ecosystem.

Source: docs.synternet.com

Attacks and Penalties

Penalization mechanisms are crucial to ensuring the integrity of the Synternet network and addressing misbehavior. In tokenomics v1, Subscribers attempting double-spending—using the same credit multiple times—face connection termination. Penalties vary depending on staking requirements, with misbehavior resulting in credit or stake deductions. Clients engaging in double-spending or request-flooding are blocked by Brokers, who may escalate issues to Subscribers for further action. Brokers submitting invalid Proofs of Delivery (PoD) risk losing 100% of their credit, with rewards redirected to challengers submitting correct proofs. Observers falsely attesting to invalid PoDs also face complete credit slashing, reinforcing accountability and safeguarding the decentralized data ecosystem.

Data Streams

Data streams are essential to the decentralized real-time data layer, delivering continuous blockchain data for consumption. These streams provide real-time updates, such as transaction data, token transfers, and smart contract events, ensuring consumers access the latest information. Structured in standardized formats, data streams enable seamless integration into applications and analytical workflows without extensive transformation. They offer flexibility in granularity and scope, catering to varying needs from high-level summaries to detailed transactional data. With real-time insights, uninterrupted availability, and scalability, data streams empower consumers to monitor blockchain activities, make informed decisions, and drive their business strategies effectively and efficiently.

Synternet’s Products

Uniswap Tracker

Synternet’s Uniswap Tracker provides real-time, cross-chain visibility into all Uniswap swaps. This powerful tool allows for:

• Instantaneous price discovery: Access real-time price data from diverse liquidity pools across multiple blockchains and Uniswap versions.
• Cross-DEX and cross-chain analysis: Monitor price movements and simultaneously identify trading opportunities across various decentralized exchanges and blockchains.
• Enhanced market awareness: Gain a comprehensive understanding of market dynamics and make informed trading decisions.

Source: uniswap.synternet.com

Yield Explorer

Synternet’s Yield Explorer delivers live, cross-chain monitoring of smart contracts and assets. This cutting-edge solution enables users to:

• Track activity in real-time: Monitor transactions and events across multiple blockchains for comprehensive insights.
• Detect anomalies: Proactively identify unusual or suspicious activity within the DeFi ecosystem.
• Receive real-time alerts: Trigger automated responses and mitigate risks with real-time alerts for critical events.

Source: synternet.com

What is the SYNT Coin?

SYNT (previously NOIA) is the native token of the Synternet ecosystem, used for governance, staking, and accessing premium features. Its total supply counts 1.09 billion units, of which 655.41 million are already in circulation (January 2025).

Firstly, SYNT acts as a payment rail within the ecosystem, facilitating seamless transactions between providers and consumers of data services. Secondly, it serves as a security mechanism, allowing users to stake tokens to operate network nodes and secure the network. This staking process incentivizes responsible behavior and aligns providers’ interests with the protocol’s overall security. Slashing mechanisms are in place to disincentivize malicious behavior and ensure network integrity.

Furthermore, SYNT empowers token holders with significant governance rights. Holders can actively participate in the future direction of the protocol by voting on crucial decisions such as protocol upgrades and parameter adjustments. This decentralized governance model ensures community control and allows token holders to shape the future of the Synternet ecosystem.

The security of the Synternet Protocol is paramount. To this end, leading security auditors like Certik conduct rigorous audits of all smart contracts and continuously evaluate security metrics. This ongoing commitment to security ensures the highest standards of integrity and reliability for all users.

Synternet’s tokenomics are carefully designed to incentivize network participation, foster sustainable data pricing, and maintain the value of the SYNT token. A dedicated reward pool incentivizes Validators and Delegators to secure the network, while subsidies are provided to Brokers and Observers within the Data Layer.

Governance within the Synternet ecosystem follows an on-chain model, allowing token holders to propose and vote on protocol upgrades. This decentralized governance ensures that the community’s voice is heard and that the protocol evolves in a manner that best serves the interests of all stakeholders.

There is an ongoing 1:1 migration from the ERC-20 NOIA Token to the ERC-20 SYNT Token.

The plan was to release 73.5% of the total SYNT token supply at the end of 2023. The remaining tokens will be used to incentivize network participants (like validators) and to fund the future development and growth of the Synternet ecosystem.

docs.synternet.com

Is SYNT a Good Investment?

Synternet, aiming to revolutionize Web3 data access, could see significant token value growth if it successfully captures a substantial share of this burgeoning market. However, the cryptocurrency market is inherently volatile, and Synternet faces competition from other players and potential regulatory hurdles. The success of Synternet’s token will also depend on the successful execution of its roadmap, including the development and adoption of its core technology and the growth of its user base.

How to Own SYNT?

To own SYNT, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy SYNT.

News on Synternet

On January 6, 2025, Synternet unveiled its ambitious “Le Mans” Roadmap for 2025 on its official blog. This roadmap outlines key milestones, including the launch of Yield Explorer, a powerful tool for tracking wrapped BTC assets and identifying yield opportunities across multiple blockchains. The roadmap also includes plans for expanding asset coverage, enhancing the Broker Network, and integrating AI capabilities.

Take Action on SYNT

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