In the third quarter, SynFutures has demonstrated remarkable trading volumes on the Base network, according to data collected by Defillma. The daily average trading volume for SynFutures has exceeded a staggering $150 million, while the trading volume over the past 24 hours has surpassed $200 million.
SynFutures has established itself as a leader in the Base derivatives market since its launch, solidifying its position as one of the most active ecosystems on the platform. One of the latest innovations from SynFutures is the introduction of the Vault function, which facilitates the provision of single-currency liquidity pool (LP) by allowing users to earn liquidity income, platform transaction fees, and points rewards with just one click.
Recognized as one of the largest on-chain derivatives trading markets globally, SynFutures has seen its cumulative trading volume exceed $170 billion since the mainnet launch in March. This impressive figure reflects its substantial share of the derivatives market across both the Base and Blast networks.
Furthermore, SynFutures made headlines by announcing its recent financing round, securing $38 million from notable industry players, including Pantera Capital, Polychain Capital, Dragonfly Capital, and Standard Crypto. This funding has been bolstered by the successful completion of the Quantstamp audit, further affirming the platform’s credibility and reliability in the rapidly evolving world of decentralized finance..