ChainCatcher news, according to a report by PR Newswire, the decentralized derivatives protocol Symmio has announced the completion of a $3.1 million funding round, with investment firms such as Spartan Group, Orbs, MCLB, and Blockchain Founders Fund contributing approximately $2.1 million, while MS2 Capital, GMoney, and Prime Ventures are early investors in the company.Symmio is an intent-driven derivatives clearing layer aimed at addressing the liquidity and fragmentation issues in DeFi, currently supporting four networks: Arbitrum, Base, BSC, and Mantle. The project revealed plans to launch its token TGE on December 16, with the token debuting on the Base blockchain, and initial liquidity will be provided through the SYMM / ETH trading pair on Aerodrome Finance.

ChainCatcher news, according to financefeeds, the decentralized derivatives protocol Perennial has announced the launch of Perennial Intents, an innovative perpetual contract intent layer solution designed to unify the fragmented liquidity landscape of DeFi.Perennial founder Kevin Britz stated that currently only a small portion of cryptocurrency trading volume occurs on-chain, and it is dispersed across hundreds of L1 and L2 networks. Perennial Intents provides deeper market depth and better price execution by integrating liquidity from both on-chain and off-chain trading venues.It is reported that the protocol combines a hybrid model of off-chain order matching and on-chain AMM settlement, while also launching a one-click trading feature and the Perennial Petals rewards program, which offers double points during the initial launch period. Currently, Perennial has completed integrations with major trading platforms such as Kwenta, Siren, Rage Trade, and Cryptex Finance.

ChainCatcher news, DeFi derivatives protocol Cega announced that it has been acquired by a "leading platform," with the name of the acquirer and the acquisition amount undisclosed.The company stated that it will discontinue its product suite by the end of the year, Cega's platform will no longer accept deposits, and the protocol urges users to start withdrawing, as the protocol's products will cease operations by the end of this year. Cega stated on the X platform: "Cega's original vision was to create the next evolution of DeFi derivatives.Today, we are excited to announce that we have been acquired by a leading platform and will continue to drive this vision forward. Our team is very proud to have been the first to introduce exotic options to DeFi, processing 500 million transactions and securely safeguarding user funds over the past three years."

ChainCatcher news, according to the Financial Times in the UK, cryptocurrency trading platforms are rapidly expanding into the derivatives space, hoping that stricter regulations and promises of high leveraged returns can attract cautious investors into the market.According to the latest data from CCData, cryptocurrency derivatives trading has accounted for 71% of the total trading volume of digital assets, with the total open interest surpassing $40 billion for the first time, demonstrating the dominant position of the derivatives market. Market leader CME Group has seen record trading volumes and open positions this year and is actively expanding its product line, with the newly launched Bitcoin Friday futures contracts specifically matching the New York trading cycle, further meeting the needs of institutional investors.The derivatives sector is attracting a large number of new players. The Dutch cryptocurrency derivatives exchange D2X is set to launch operations in November, while London's One Trading and GFO-X plan to open in early 2025. Additionally, Kraken has established a trading platform in Bermuda this month, directly competing with CME Group, Binance, and Bybit.Jason Urban, Global Head of Trading at Galaxy Digital, pointed out that after the collapse of crypto lending institutions like FTX, unsecured lending has essentially disappeared from the ecosystem, leading investors to turn to the derivatives market in search of leveraged opportunities.

ChainCatcher news, according to official sources, the programmable derivatives protocol Plaza Finance has announced the completion of its Pre-Seed round of financing, with the specific amount undisclosed. Anagram led the investment, with participation from Interop Ventures, Cosmostation, and others.

ChainCatcher news, accompanied by impressive data from Blast (900 billion in transaction volume + 63 million USD TVL in 3 months since launch), the decentralized derivatives protocol SynFutures announced that it will continue to expand its market share by extending to Base. Combining the Base Meme ecosystem and its own permissionless listing system, SynFutures launched Meme Perp Summer, where eligible selected projects can receive triple support rewards: 1. Up to 10,000 USDC in cash to purchase meme coins and list perpetual trading pairs; 2. Project teams and token holders can receive future airdrop quotas when trading on SynFutures; 3. Gain market promotion support and community outreach from SynFutures.According to Defillma data, since launching its mainnet in March, SynFutures has surpassed 63 million USD in TVL and over 91 billion USD in transaction volume, ranking first in the derivatives sector for transaction volume in the past 24 hours. SynFutures previously announced it secured 38 million USD in funding from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the protocol has been audited by Quantstamp. Its Oyster AMM supports concentrated liquidity similar to UniSwap V3 while also allowing limit order market making, and enables anyone to use any token as collateral at any time, completing the entire listing process within 30 seconds.

ChainCatcher news, the derivatives protocol Satori tweeted that it has received approximately 1.6 million ZK and has decided to allocate all tokens to community users. More related information will be announced in the future.

ChainCatcher news, according to official sources, the decentralized derivatives protocol Particle has announced the completion of a new round of strategic financing, with participation from Spirit DAO, XDeGods, dingaling, and others. The specific amount has not yet been disclosed.According to the Web3 asset data platform RootData, Particle completed a seed round of financing led by Polychain Capital in January of this year. Particle is a decentralized leverage trading protocol that supports any permissionless asset, from tokens to NFTs. There are no price oracles, no counterparty risk, and no forced liquidation.

ChainCatcher news, the decentralized derivatives protocol GMX tweeted that it will launch the second round of funding program, and project parties can start applying from June 3rd. The total amount is approximately 600,000 ARB, with a maximum grant limit of 75,000 ARB per application.This round of funding aims to support builders who contribute to further applications on Arbitrum by building on and integrating with GMX V2. Additionally, projects that have already received STIP-Bridge grants, LTIPP grants, or grants from the first round of the GMX funding program will not be eligible to apply for the second round of grants.

ChainCatcher news, Pantera Capital announced an investment in the decentralized derivatives protocol Aevo. It is reported that Aevo is a decentralized derivatives trading platform focused on options and perpetual trading. It operates on Aevo L2, a custom Ethereum Rollup built using the Optimism stack. This allows Aevo to support over 5,000 transactions per second, with a total trading volume exceeding $30 billion to date.

ChainCatcher news, according to DeFiLlama data, on March 5, the Blast derivatives protocol SynFutures had a trading volume exceeding $90 million, setting a new daily record. Meanwhile, just 3 days after the launch of the Blast mainnet, SynFutures' TVL has surpassed $22 million.The Blast official website shows that SynFutures currently has a total score of 46.4M, ranking first among on-chain Dapps. In October last year, SynFutures completed a $22 million Series B funding round, led by Pantera Capital.

ChainCatcher news, according to official sources, Satori has now integrated with the OKX Web3 wallet, allowing users to conduct cryptocurrency asset contract trading on Satori through the OKX Web3 wallet. Satori is a derivatives trading platform based on zkEVM, currently supporting Polygon zkEVM, zkSync, and Scroll testnets, and announced the completion of a $10 million financing led by Polychain and Blockchange in May 2022.It is reported that the OKX Web3 wallet is an industry-leading one-stop Web3 entry point, now supporting over 85 public chains, with a unified experience across app, plugin, and web, covering five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and supporting Ordinals marketplace, MPC and AA smart contract wallets, gas exchange, and hardware wallet connections.

ChainCatcher news, the on-chain derivatives protocol APX Finance has partnered with Lista DAO (formerly Helio Protocol) to launch the first gamified points system activity. This activity allows challengers to complete tasks to earn Stardusts points, ultimately leading to a distribution of $LISTA token airdrops.It is reported that in this airdrop event, 0.2% of the total supply of $LISTA tokens will be allocated to trading users. Users can earn points by contributing to the trading volume of lisUSD derivatives on the APX platform and will receive airdrops based on their points.APX Finance (APX) is a decentralized derivatives trading platform that offers on-chain perpetual contracts based on liquidity pools, supporting up to 1001x leverage, zero slippage, and extremely low trading fees to enhance the user trading experience. Previously, APX has received investments from Binance Labs, Kronos Research, Lingfeng Capital, SafePal, Token Pocket, 3Commas, and LUX Capital.

ChainCatcher news, the oracle-based synthetic derivatives protocol Avantis has completed its mainnet launch on the Base chain. Avantis received investment support from the Base Ecosystem Fund last September, and its protocol allows users to trade cryptocurrencies and real-world assets with leverage. In addition to the Base Ecosystem Fund, other supporting institutions for Avantis include Pantera, Galaxy, Founders Fund, and Modular Capital.

ChainCatcher news, the decentralized derivatives protocol Particle has completed its seed round financing, led by Polychain Capital, with participation from Nascent, Inflection, Neon DAO, Naveen Jain, Arthur Hayes, DCF God, Sam Williams, Kalos, Richard Ma, Palmer, vxCozy, and others. The specific amount of financing has not been disclosed.

ChainCatcher news, the NFT derivatives protocol nftperp announced the abandonment of v1 and the launch of v2, which includes the new Fusion AMM model, introduces a refined insurance fund model, and incorporates features such as limit, stop-loss, and take-profit order types. It is reported that nftperp is a perpetual contract exchange for NFTs, tracking the minimum prices of NFT collections, allowing users to go long and short on NFTs.

ChainCatcher news, the intent-based derivatives trading protocol IntentX has announced the completion of a $2.5 million seed round financing, led by Magnus Capital, with participation from Agnostic Fund, Prismatic Capital, MS2 Capital, Coral DeFi, Contango Digital Assets, Castle Capital, and others.According to the RootData platform, IntentX leverages various cutting-edge technologies, including LayerZero, cross-chain communication protocols, account abstraction, and a groundbreaking request for quote (RFQ) architecture that addresses the key challenges of delivering on-chain derivatives. IntentX has released an Open Beta version, offering trading for over 180 perpetual currency pairs.

ChainCatcher news, the decentralized derivatives protocol KTX.Finance announced a strategic partnership with the decentralized asset management protocol Solv Protocol. As the first open-end fund between KTX.Finance and Solv, the KTX Delta Neutral Strategy Pool will be launched on November 15, providing flexible institutional-grade DeFi yields. It offers liquidity on KTX.Finance and hedges asset price risks on Bybit, transforming KLP into a low-risk, high-yield financial instrument. In addition to the Delta neutral actual returns paid in ETH for fund participants, KTX.Finance and Solv Protocol will also provide additional incentives in the form of accrued $KTC and $fvSOLV.