According to BlockBeats, SynFutures has launched on the Base network on July 2, with support from projects such as LIDO, DEGEN, and ISKRA. Users can now trade perpetual contracts of assets like DEGEN, wstETH, CHOMP, ISK, BOOMER, weETH, wrsETH, etc., on the Base network via SynFutures, while enjoying a trading fee rate of 0.02% for mainstream currency pairs.
In line with the Base ecosystem culture and its own permissionless listing system, SynFutures has simultaneously launched Meme Perp Summer. This initiative supports the development of Meme projects in the Base ecosystem and provides users with more trading and mining opportunities.
As per Defillma data, SynFutures currently has over 155,000 users, with more than 4.6 million transactions and a total trading volume exceeding 107 billion US dollars. This makes it one of the largest, most active, and most frequently traded derivative markets on the internet.
Previously, SynFutures announced that it had secured $38 million in funding from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto. The protocol has passed the Quantstamp audit. Its Oyster AMM supports concentrated liquidity similar to UniSwap V3, while also supporting limit order market making. It allows anyone to use any token as collateral at any time and can complete the entire listing process within 30 seconds.