According to BlockBeats, SynFutures has significantly expanded the trading scale and user base of the Blast derivatives market. This expansion is due to the unlicensed coin design of SynFutures V3 and the allowance of any ERC20 token as collateral. Since the launch of Blast in March, SynFutures has seen an increase in on-chain users, exceeding 150,000, and total transactions surpassing 4.3 million. The trading volume in the past 24 hours has reached a staggering 1.6 billion dollars, making it the largest, most active trading ecosystem in the Blast derivatives market.
Previously, SynFutures announced that it had secured 38 million dollars 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, at any time, to use any token as collateral, and the entire coin process can be completed within 30 seconds.