November was yet another action-packed month for Synternet, filled with milestone achievements, dynamic updates, and engaging community events. We unveiled the Graphling Chain announcement, paving the way for advanced cross-chain arbitrage bots, and hosted an insightful Twitter Spaces session with Graphlinq’s CEO to explore its potential. The Pikes Peak roadmap saw a major update, providing a clearer path for our ambitious future. Philippe and Daniel represented Synternet at Devcon 2024 in Bangkok, while we celebrated the launch of Osmosis LP and Uniswap V3. True to our mission, we kept our community at the forefront, focusing on transparency and growth through consistent updates and events.
Major topics include:
- Graphling Chain Announcement
- Pikes Peak Roadmap Update
- Team’s Takeaways from Devcon 2024
- Osmosis LP & Uniswap V3 Launch
- Club Dinero AMA
- Community Updates
Graphlinq Chain Announcement
Last month, we announced that GraphLinq Chain has officially joined Synternet as a subscriber to our real-time data streams to power their cross-chain arbitrage bot. Not only that - GraphLinq has also become a data publisher. This collaboration marks a significant step as they build the first cross-chain arbitrage bot powered by Synternet’s Data Layer.
Arbitrage bots, which capitalize on price differences across markets, have traditionally operated within a single blockchain or vertical. However, with Synternet’s data infrastructure, GraphLinq Chain is introducing cross-chain arbitrage. Their bot will leverage Synternet’s real-time data streams to synchronize prices between GraphLinq Chain’s native chain and Ethereum, enabling traders to capture early-stage arbitrage opportunities across multiple chains. This collaboration showcases the immense value Synternet brings to developers who are building trading bots and other algorithmic solutions across multiple networks with real-time cross-chain data streams.
Twitter Spaces with Graphlinq’s CEO
Synternet’s CEO, Daniel Haudenschild, and GraphLinq’s CEO, Jay Root, explored the potential of their exciting new partnership during an engaging Twitter Spaces AMA. The discussion was packed with valuable insights, exploring use cases and shedding light on emerging market trends shaping the Web3 ecosystem.
Listen to the full recording of AMAHere are the key topics covered during the AMA. A big thank you to our community member Fabrol for helping with the transcription.
Synergy Between Synternet and GraphLinq
The partnership allows GraphLinq’s no-code users to leverage Synternet’s real-time data streams for developing advanced applications. This enables GraphLinq users to integrate real-time financial and DeFi data into their workflows, making it more accessible for non-technical users.
Synternet’s real-time streaming data is essential for building dynamic DeFi tools and applications, such as arbitrage bots, where fast and reliable data can create profitable opportunities.
Focus on Cross-Chain Arbitrage and DeFi
A key feature highlighted in the AMA was the cross-chain arbitrage bot. Synternet’s real-time data streams make it possible to monitor price discrepancies across exchanges, allowing bots to act instantly on arbitrage opportunities.
This capability is especially valuable in crypto, where price discrepancies are common between exchanges. By integrating Synternet’s data with GraphLinq’s no-code bot tools, users can now identify and act on cross-chain arbitrage opportunities with ease, enabling more balanced and healthy markets.
High-Speed Data with Streaming vs. RPC Nodes
Daniel emphasized the limitations of traditional RPC (Remote Procedure Call) nodes, which are generally slower and not ideal for real-time applications. Synternet’s real-time data streaming model offers low-latency data, significantly outperforming RPC-based systems.
Synternet’s approach allows users to see trends like block sentiment and data in the mempool before they’re published on-chain. This is particularly useful for financial applications where speed is crucial for profit, such as in trading and arbitrage.
AI Integration and Autonomous Economic Agents
GraphLinq’s AI integration was a key topic, allowing users to use natural language (e.g., asking the AI to “build a graph that tracks ETH prices”) to automate workflows. This makes the platform even more accessible for non-technical users.
Autonomous Economic Agents (AEAs) were highlighted as the next big step for automation within DeFi and trading. Synternet’s high-speed data supports these AEAs, enabling bots that can detect trading signals or price discrepancies and execute trades automatically without human intervention.
Mutual Goals of Democratization and Accessibility
Both CEOs spoke about democratizing access to blockchain data and tools. With GraphLinq’s no-code environment and Synternet’s real-time data, users can build advanced financial applications without needing a programming background.
The partnership aims to simplify complex processes like multi-chain asset management, trading, and real-time data monitoring, bringing Web3 tools closer to the mainstream.
Pikes Peak Roadmap Update
While we’ve been focused on business development, our devs and engineers have been quietly cooking behind the scenes. We’ve posted a technical update on the Pikes Peak roadmap, and more.
Augmented Data Streams
- Filters and WASM support now allow on-chain data filtering, with publishers applying compute based on an off-chain manifesto.
- This update introduces foundational on-chain logic, with more to come as we continue building out the full solution.
Data Queries
- Request-Reply is now in the MVP phase.
- Publishers can now register non-streaming services, allowing subscribers to query and receive instant, cached responses - unlocking tailored data streams for unique needs.
Developer Portal Update
- New marketplace layout with streamlined flows.
- RPC type now visible when creating services.
- Plus, plenty of fixes and improvements for a smoother developer experience.
Bonus Update: The Synternet Blockchain becomes permissionless
Previously, access was limited to institutional validators or selected community nodes. Last week, the Synternet Chain binary went live on GitHub, ready for anyone to run a validator or full node and support the network.
Team’s Takeaways from Devcon 2024
Daniel Haudenschild, Synternet’s CEO, and Philippe Engels, our Head of Business Development, recently attended Devcon 2024, diving deep into the conference and its lineup of side events.
Here’s a detailed look at Daniel’s key takeaways and insights from this gathering:
The DevCon at BTC’s ATH was an incredible experience. We were highly focused during our excursion to this event, which contributed to the positive outcomes. Among the highlights, we won the Grant Pitch competition hosted by iExec, triumphing over 220 other entrants. Stay tuned for more news about our upcoming collaboration with Avalanche. A few clear and common themes emerged at the event, which are set to grow both in this cycle and in the future. The first theme is the rise of DeFi 2.0, which is poised to take off like a juggernaut. This market is projected to grow 5x compared to DeFi 1.0, reaching a value of $2 trillion. This trend was particularly evident in the Babylon hackathon prizes, where most winners focused on fast finality, cross-chain liquidity management, or enhanced security wrapping. It’s a space where live monitoring with AI-driven anomaly detection is a game-changer, and Synternet has the potential to prevent billions of dollars in losses for thousands of people. The second theme is the increasing prominence of autonomous economic agents, which were mentioned in nearly every presentation. However, there remains a lack of clarity about what specific tasks these agents will perform and the triggers they will respond to.
Osmosis LP & Uniswap V3 Launch
Last month, the Osmosis Supercharged Pool for $SYNT/$USDC went live, with an initial TVL of ~$5,000, a 0.3% swap fee, and $1,000 in rewards to kick things off. This pool makes buying Cosmos-native $SYNT seamless, eliminating the need for Ethereum bridging.
Incentives are designed to scale with a target pool size of $50-100k, growing alongside TVL. Meanwhile, we’re supercharging the Uniswap V3 SYNT/WETH pool with 75,000 $SYNT/month, offering potential returns of 20% from fees and incentives. Additionally, we’re maintaining Uniswap V2 with a balanced incentive plan of 100,000 $SYNT monthly, paid per Ethereum block. Your feedback continues to shape our efforts - thank you for your trust and support as we grow together.
Club Dinero AMA
Last month, we joined the Club Dinero for an AMA with Daniel, Philippe, and Emilis, to discuss the recent focus at Synternet. The session was a deep dive into how Synternet powers advancements in AI agents, DePIN, and DeFi, with the team providing detailed insights into their technology and ecosystem.
A big thank you to the Club Dinero team for hosting us and providing an excellent summary of the Telegram AMA. Here are the key highlights from our discussion.
General Overview
- Synternet’s primary mission is to secure, monitor, and deliver real-time data streams from over 60 chains, supporting applications like DeFi, AI agents, and DePIN.
Features and Use Cases
- Synternet’s high-speed data streams, which are up to 1000x faster than RPC nodes, are essential for AI agents to act on real-time, high-signal data. These streams enable smarter decision-making in areas like arbitrage, MEV (maximal extractable value), and cross-chain liquidity.
- Synternet empowers DePIN projects by providing efficient and scalable data delivery, ensuring robust real-time monitoring and signaling for physical networks.
- Synternet plays a crucial role in the second DeFi era, where it enables real-time proof-of-reserves for BTC and secures cross-chain wrapped assets, unlocking the potential of BTC as a yield-generating asset across other chains.
Technical Innovations
- Synternet streams data in real-time, monitoring over 60 chains for anomalies, alerts, and signals. This technology is critical for applications requiring fast and accurate data.
- Synternet simplifies blockchain interactions, creating a unified framework for developers. It’s not an interoperability layer but rather a signal and validation layer to ensure seamless cross-chain operations.
The Role of the Token ($SYNT)
- The $SYNT token powers Synternet’s ecosystem. Data streams are encrypted, and access requires a paid subscription, creating a monetization loop for publishers and subscribers.
- A burn mechanism, launching in July 2025, will reduce token supply as the Total Value Secured (TVS) by Synternet grows, creating a deflationary effect that benefits long-term holders.
- The token supports staking, governance, and rewards, making it appealing for both investors and participants in the Synternet ecosystem.
Future Plans
- Better Data Integration: Enhancing real-time and historical data access with user-friendly features like one-click traces.
- Pricing SDK: Allowing developers to price data streams and AI algorithms independently, creating more earning opportunities.
- Anomaly Detection: Developing proprietary algorithms for anomaly detection, especially for wrapped BTC protocols in BTCfi.
Community Growth
Synternet Asia Communities
Our community is expanding steadily beyond its initial boundaries. We are now engaging with four new communities as part of our efforts to establish Asia-specific Synternet groups: Vietnam, Philippines, China, and Indonesia. We are excited to see these regions flourish with active participation in the coming months.
Featured AMAs
In addition to the Club Dinero AMA, we had the privilege of speaking at WhaleSailors, a prominent Telegram crypto community. During the session, our CEO, Daniel Haudenschild, discussed the fundamentals of Synternet, its transformative impact on Web3 infrastructure, AI agents, WrappedBTC, and more.
We’ve also established connections with over four Telegram crypto groups, where we’re scheduled to be featured in December. These events will offer opportunities to involve more team members, including Philippe, our Business Development Lead, and Paulius, our Chief Technical Officer, further expanding our presence.
Social Media Platforms
In recent months, we have achieved steady growth across our Telegram and Discord communities. Since October 31st, we’ve added over 1,000 members to Telegram and welcomed more than 500 new members to Discord. Additionally, we actively engaged with developer and engineer-focused servers on Discord, presenting Synternet as a hub for innovation and cutting-edge technology. Some of these interactions have transitioned into private discussions, and we are optimistic about potential collaborations and builds on Synternet in the near future.
Building Continues
As November comes to a close, Synternet continues to build on its momentum, delivering meaningful progress. From unveiling the Graphling Chain to updating the Pikes Peak roadmap and celebrating milestones like the Osmosis LP and Uniswap V3 launches, this month has been a testament to our commitment to progress and growth. Insights gained at Devcon 2024 and collaborations forged during the journey have further solidified our vision for the future of Web3 data infrastructure. As we move into December, we’re excited to keep pushing boundaries and creating opportunities for our growing community.
Follow us on X, join our Telegram, and visit our website to stay plugged into the real-time blockchain data economy.
