The invention discloses a synthesis method of a high-energy density material, which comprises the following steps: a) preparing [2,2'-di(1,3,4-oxadiazole)]-5,5'-diamine: adding oxalyl dihydrazide and potassium bicarbonate to a solvent, performing stirring, adding cyanogen bromide in batches, performing keeping for 10h-2d, adding water in a reaction, and performing stirring, filtering, water washing and drying; b) preparing [2,2'-di(1,3,4-oxadiazole)]-5,5'-dinitramide: allowing [2,2'-di(1,3,4-oxadiazole)]-5,5'-diamine to generate a nitration reaction in a nitration system to obtain [2,2'-di(1,3,4-oxadiazole)]-5,5'-dinitramide. The invention further provides the high-energy density material. The synthesis method of the high-energy density material is developed by taking oxalyl dihydrazide as a raw material, and is low in cost, mild in reaction and simple to operate.