Singapore, Singapore, June 25, 2024, Chainwire
SynFutures V3, ranked #1 derivatives DEX by buying and selling quantity, surpasses $100 billion in cumulative buying and selling quantity throughout Blast
Shinfutureshas surpassed $100 billion in cumulative buying and selling quantity on main DeFi derivatives protocol Blast. The milestone comes lower than 4 months after the Blast mainnet launch and forward of this week's L2 Community airdrop.
Named the winner of Blast's Huge Bang competitors, SynFutures was one of many first decentralized purposes (dApps) to launch on Blast. The protocol shortly grew to become the community's high perpetual commerce trade, capturing 83% of Blast's buying and selling quantity market share by the tip of Q1 (Messari) and reaching a mean weekly quantity of $7-8 billion. Since Blast's launch, SynFutures has constantly ranked as the highest decentralized derivatives trade, outperforming opponents in common weekly buying and selling quantity (DefiLlama).
Strategic Incentives and Partnerships
SynFutures' development is because of strategic campaigns and partnerships. Most notably, the Oyster Odyssey (O_O) program, a factors program that rewards customers for on-chain exercise whereas additionally qualifying them for Blast airdrops. So far, the O_O program has engaged over 150,000 on-chain customers and distributed over 1.57 million Blast Gold and Blast Factors and different rewards.
SynFutures has additionally partnered with key Blast initiatives corresponding to Pacmoon, Ring Protocol, Renzo, ether.fi, Kelp DAO, Pyth Community, Mangrove, District One, eesse, and ZAP to additional improve exercise and consciousness. As a part of its permissionless itemizing technique that enables anybody to launch new permissioned pairs in seconds, SynFutures V3 helps trending tokens corresponding to PAC, DEGEN, YES, WIF, and ESE, solidifying its place because the go-to perpetual DEX for buying and selling meme cash, altcoins, and different long-tail belongings alongside main tokens.
Blast Product Enhancements
Because the launch of Blast mainnet, SynFutures has been including new options based mostly on Blast customers' suggestions. Among the most notable options embody liquidity provision on cell units, optimized portfolio web page, further value foundation choices, buying and selling pair data, Belief Pockets help, and different interface and consumer expertise updates. For extra data on the newest updates, please go to the SynFutures weblog.
“Blast's modern native yield function was a key consider our resolution to launch V3 on L2. We’ve got seen an awesome response from the Blast and Web3 communities at massive, who’ve continued to return to find our Perps DEX and commerce the varied belongings accessible on SynFutures. Trying past the preliminary Blast airdrop, we plan to introduce many extra options and updates for the Blast neighborhood,” mentioned Rachel Lin, co-founder and CEO of SynFutures.
To begin buying and selling SynFutures V3 on Blast, customers can go to https://oyster.synfutures.com/ .
About SynFutures
SynFutures is a decentralized perpetual futures protocol that permits prompt, open and clear buying and selling of any asset or exchange-listed instrument. V3 Oyster AMM introduces the business's first built-in AMM and on-chain order e-book mannequin.
Backers embody Tier 1 Net 3 institutional traders Pantera Capital, Polychain Capital, Susquehanna Worldwide Group (SIG), Dragonfly Capital, Commonplace Crypto and Framework Ventures, and the group has intensive expertise working at international monetary establishments, fintechs and blockchain expertise corporations together with Alipay, Bitmain, Credit score Suisse, Deutsche Financial institution, Matrixport and Nomura Securities.
contactMark LeeE-mail: [email protected]
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