DegenReborn narxDEGEN

$DEGEN BEFORE $DEGEN After

As of December 12, 2024, SynFutures$F , a decentralized derivatives exchange, continues to demonstrate significant growth and development. Platform Performance: Trading Volume: In the third quarter of 2024, SynFutures V3 facilitated approximately $71 billion in trading volume, maintaining its position as a leading perpetual decentralized exchange (perp DEX). User Engagement: The platform saw an average of 7,788 daily active addresses in Q3, marking a 58.5% increase from the previous quarter. Expansion and Partnerships: Network Deployment: SynFutures $F expanded to the Base network in July 2024, quickly becoming its leading perp DEX with daily volumes exceeding $380 million by the end of Q3. Strategic Collaborations: The platform has formed partnerships with entities such as Lido Finance, Vooi, CygnusFi, Bifrost Network, HashKey, and Degen to enhance its ecosystem and user incentives. Financial Developments: Series B Funding: In October 2023, SynFutures$F raised $22 million in a Series B funding round led by Pantera Capital, with participation from HashKey Capital and SIG DT Investments. Token Launch: The platform launched its native token, $F which is currently trading at approximately $0.0634, with a 24-hour trading volume of $40.22 million. Innovations and Features: Oyster AMM: SynFutures$F utilizes the Oyster Automated Market Maker (AMM), integrating on-chain order book features to enhance capital efficiency and support a wide range of asset pairings. Perp Launchpad: The platform introduced the industry's first Perp Launchpad, allowing users to create perpetual futures markets for any asset, democratizing derivatives trading. Overall, SynFutures$F continues to strengthen its position in the decentralized finance landscape through strategic expansions, partnerships, and innovative platform enhancements.

As of December 12, 2024, SynFutures$F , a decentralized derivatives exchange, continues to demonstrate significant growth and development. Platform Performance: Trading Volume: In the third quarter of 2024, SynFutures V3 facilitated approximately $71 billion in trading volume, maintaining its position as a leading perpetual decentralized exchange (perp DEX). User Engagement: The platform saw an average of 7,788 daily active addresses in Q3, marking a 58.5% increase from the previous quarter. Expansion and Partnerships: Network Deployment: SynFutures $F expanded to the Base network in July 2024, quickly becoming its leading perp DEX with daily volumes exceeding $380 million by the end of Q3. Strategic Collaborations: The platform has formed partnerships with entities such as Lido Finance, Vooi, CygnusFi, Bifrost Network, HashKey, and Degen to enhance its ecosystem and user incentives. Financial Developments: Series B Funding: In October 2023, SynFutures$F raised $22 million in a Series B funding round led by Pantera Capital, with participation from HashKey Capital and SIG DT Investments. Token Launch: The platform launched its native token, $F which is currently trading at approximately $0.0634, with a 24-hour trading volume of $40.22 million. Innovations and Features: Oyster AMM: SynFutures$F utilizes the Oyster Automated Market Maker (AMM), integrating on-chain order book features to enhance capital efficiency and support a wide range of asset pairings. Perp Launchpad: The platform introduced the industry's first Perp Launchpad, allowing users to create perpetual futures markets for any asset, democratizing derivatives trading. Overall, SynFutures$F continues to strengthen its position in the decentralized finance landscape through strategic expansions, partnerships, and innovative platform enhancements.

🩸$F Decentralized derivatives startup👇 🩸 SynFutures introduced its so-called Perp Launchpad, marking the first platform tailored for launching perpetual futures markets. The launch is paired with a $1 million grant initiative aimed at boosting new token projects on the blockchain. 🩸“The crypto market has recently witnessed a surge in memecoins and other long-tail assets capturing the attention of retail traders. Designed to complement trending spot markets with open and efficient derivatives markets, SynFutures' Perp Launchpad enables projects to unlock new token demand and utility,” including passive rewards for liquidity providers and ways to hedge risk through leveraged perpetual futures trading, the company said in a statement on Tuesday. 🩸Built on Ethereum Layer 2 Base, the Perp Launchpad will allow projects to create perpetual futures markets for any asset. It also incorporates a vault feature to “optimize liquidity” that generates yields for liquidity providers. In other words, traders can now leverage a broader array of assets for potential gains or arbitrage. 🩸Perpetual futures, also known as "perps" or "perpetual swaps," are a type of derivative contract that allows traders to speculate on the price of cryptocurrencies without an expiration date. 🩸Since expanding to Base in July, SynFutures has dominated with over half of Base's derivatives trading volume with $23 billion in trades placed. 🩸"We're not only responding to market trends but fostering the growth of DeFi,” Rachel Lin, CEO of SynFutures, said in a statement. The $1 million grant will offer financial backing, liquidity, and marketing help to new projects, enhancing the firm’s market presence. 🩸This initiative follows successful programs like the DAO Perps and Meme Perp Summer, which have already seen tokens like DEGEN and MEW thrive as well as a pilot program involving Lido, Solv Protocol and others.

🩸$F Decentralized derivatives startup👇 🩸 SynFutures introduced its so-called Perp Launchpad, marking the first platform tailored for launching perpetual futures markets. The launch is paired with a $1 million grant initiative aimed at boosting new token projects on the blockchain. 🩸“The crypto market has recently witnessed a surge in memecoins and other long-tail assets capturing the attention of retail traders. Designed to complement trending spot markets with open and efficient derivatives markets, SynFutures' Perp Launchpad enables projects to unlock new token demand and utility,” including passive rewards for liquidity providers and ways to hedge risk through leveraged perpetual futures trading, the company said in a statement on Tuesday. 🩸Built on Ethereum Layer 2 Base, the Perp Launchpad will allow projects to create perpetual futures markets for any asset. It also incorporates a vault feature to “optimize liquidity” that generates yields for liquidity providers. In other words, traders can now leverage a broader array of assets for potential gains or arbitrage. 🩸Perpetual futures, also known as "perps" or "perpetual swaps," are a type of derivative contract that allows traders to speculate on the price of cryptocurrencies without an expiration date. 🩸Since expanding to Base in July, SynFutures has dominated with over half of Base's derivatives trading volume with $23 billion in trades placed. 🩸"We're not only responding to market trends but fostering the growth of DeFi,” Rachel Lin, CEO of SynFutures, said in a statement. The $1 million grant will offer financial backing, liquidity, and marketing help to new projects, enhancing the firm’s market presence. 🩸This initiative follows successful programs like the DAO Perps and Meme Perp Summer, which have already seen tokens like DEGEN and MEW thrive as well as a pilot program involving Lido, Solv Protocol and others.