According to BlockBeats, on August 1, SynFutures launched DEGEN and MIGGLES contract trading on the Base network. Data from Defillma indicates that SynFutures' trading volume exceeded $170 million in the past 24 hours, making it the top-ranked derivatives trading platform on the Base network and one of the most active projects within the ecosystem.

Additionally, a recent report by Messari reveals that SynFutures' total trading volume on Blast surpassed $98 billion in Q2, accounting for 66% of Blast's derivatives trading volume. SynFutures' DAO Perps project currently supports tokens from Lido, Cygnus, and Bifrost as collateral for trading.

Previously, SynFutures announced it had secured $38 million in funding from leading industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto. The protocol has also passed an audit by Quantstamp.