Singapore, Singapore, 25 June 2024, Chainwire
Ranked #1 DEX Derivatives by Quantity, SynFutures V3 Passes $100 Billion in Cumulative Commerce Quantity on Blast
SynFutures, the main DeFi derivatives protocol, simply surpassed $100 billion in cumulative buying and selling quantity on Blast. The milestone comes lower than 4 months after the launch of the Blast mainnet and forward of the L2 community touchdown this week.
After being named the winner of Blast's Huge Bang competitors, SynFutures was among the many first decentralized functions (dApps) to launch on Blast. The protocol shortly grew to become the community's high everlasting buying and selling change, capturing 83% of the market share by the tip of the primary quarter with Blast (Messari) buying and selling quantity averaging $7-8 billion per week. Because the launch of Blast, SynFutures has persistently ranked because the primary decentralized derivatives change, outperforming rivals in weekly quantity (DefiLlama).
Strategic incentives and partnerships
SynFutures' development is attributed to its 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 customers for a Blast airdrop. Thus far, the O_O program has seen over 150,000 onchain customers and distributed over 1.57 million Blast Gold, in addition to Blast Factors and different rewards.
SynFutures additionally collaborated with main tasks on Blast, together with Pacmoon, Ring Protocol, Renzo, ether.fi, Kelp DAO, Pyth Community, Mangrove, District One, eesse and ZAP to additional enhance exercise and consciousness. As a part of its permissionless flipping technique, which permits anybody to launch new offender pairs in seconds, SynFutures V3 helps trending tokens similar to PAC, DEGEN, YES, WIF and ESE, cementing its standing as a everlasting DEX for buying and selling memecoins. , altcoins and different long-term belongings alongside main corporations.
Product enhancements to Blast
Because the launch of the Blast mainnet, SynFutures has added new options based mostly on suggestions from Blast customers. Highlights embody cell liquidity provision, optimized portfolio web page, extra value foundation choices, buying and selling pair data, Belief Pockets help, and different interface and consumer expertise updates. For extra details about the most recent updates, customers can go to the SynFutures weblog.
“Blast's revolutionary native yield function was a key consider our choice to convey V3 to L2. We have now seen an awesome response from Blast and the broader Web3 neighborhood who’ve found our DEX perps and are available again time and time once more to commerce the big selection of belongings out there on SynFutures. Wanting past the primary Blast drop, we plan to introduce much more options and updates to 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 immediately facilitates open and clear buying and selling of any belongings and listings. V3 Oyster AMM launched the primary ever unified AMM and onchain order e-book mannequin.
Backers embody Tier 1 institutional traders Web3 Pantera Capital, Polychain Capital, Susquehanna Worldwide Group (SIG), Dragonfly Capital, Normal Crypto and Framework Ventures, and the staff has in depth expertise with world monetary establishments, fintech and blockchain corporations similar to Alipay. , Bitmain, Credit score Suisse, Deutsche Financial institution, Matrixport and Nomura Securities.
ContactMark Leemark.lee@synfutures.com
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