Singapore, Singapore, June 25, 2024, Chainwire
Ranked as the #1 Derivatives DEX by Volume, SynFutures V3 Surpasses $100 Billion in Cumulative Trading Volume on Blast
SynFutures, the leading DeFi derivatives protocol, just surpassed $100 billion in cumulative trading volume on Blast. The milestone comes less than four months after the Blast mainnet launch and ahead of the L2 network airdrop this week.
After being named the winner of Blast's Big Bang contest, SynFutures was among the first decentralized applications (dApps) to launch on Blast. The protocol quickly became the network's leading perpetual trading exchange, capturing 83% of Blast's volume market share at the end of the first quarter (Messari), averaging $7 to $8 billion in volume. weekly trading. Since the launch of Blast, SynFutures has consistently ranked as the number one decentralized derivatives exchange, outperforming its competitors in weekly volume (DefiLlama).
Strategic incentives and partnerships
SynFutures' growth is attributed to its strategic campaigns and partnerships, particularly the Oyster Odyssey (O_O) program, a points program that rewards users for on-chain activity while also qualifying users for the airdrop of Blast. So far, the O_O program has seen over 150,000 on-chain users and distributed over 1.57 million Blast Gold, as well as Blast Points and other rewards.
SynFutures has also collaborated with leading projects on Blast, including Pacmoon, Ring Protocol, Renzo, ether.fi, Kelp DAO, Pyth Network, Mangrove, District One, eesse, and ZAP, to further drive activity and awareness. As part of its permissionless listing strategy, which allows anyone to launch new rogue pairs in seconds, SynFutures V3 has supported trending tokens such as PAC, DEGEN, YES, WIF and ESE, cementing its status as the perpetual DEX for trading. of memecoins. , altcoins and other long-tail assets along with the main ones.
Product improvements in Blast
Since the launch of the Blast mainnet, SynFutures has added new features based on feedback from Blast users. Among the most notable features are mobile liquidity provision, an optimized portfolio page, additional price basing options, trading pair information, support for Trust Wallet, and other interface and user experience updates. To learn more about the latest updates, users can visit the SynFutures blog.
“Blast's innovative native performance functionality was a key factor in our decision to launch V3 in L2. We have seen an overwhelming response from Blast and the broader Web3 community, who discovered our rogue DEXs and return time and time again to trade the wide variety of assets available on SynFutures. Beyond the first Blast airdrop, we plan to introduce even more features and updates to the Blast community,” said Rachel Lin, co-founder and CEO of SynFutures.
To start trading SynFutures V3 on Blast, users can go to
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading of any asset and quote instantly. The V3 Oyster AMM launched the industry's first unified AMM and on-chain order book model.
Sponsors include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto and Framework Ventures, and the team has extensive experience in global financial institutions, fintech companies and technology companies blockchain like Alipay. , Bitmain, Credit Suisse, Deutsche Bank, Matrixport and Nomura Securities.
ContactMark Lee[email protected]
This article was originally published on Chainwire.
