Hi There!
Synapse is the new blockchain from Phore, it is planned to be released until the end. The team has been working on Synapse for a long time now and the time to be launch is almost here.
The new blockchain can have a dedicated shard for each individual aspect of DeFI, so for example it will have its own shard for leading and so what will happen is that the Dapps and smart contracts build on top of it will be fast, with low fees and will not be affected by the other DeFi shards that are running for example, to issue assets on the network
Can you see the impact of this new technology that is being built?
The image below shows the transactions per second (TPS) from the Ethereum network compared to the Phore blockchain, as you can see the difference is substantial. With the capability of doing hundreds of thousands of transactions per second, Phore Blockchain will definitely help to improve the speed of the DeFi protocols, Dapps and smart contracts and reduce substantially the cost of it.
I hope it makes sense and that I could explain to you the value of the upcoming Synapse release. Stay tunned for more updates.
All the best!