The trading volume of SynFutures Perp Launchpad in the first week has exceeded 100 million USD
ChainCatcher news, SynFutures Perp Launchpad is the industry's first perpetual contract issuance platform focused on the derivatives market. It has currently launched PumpBTC, solvBTC, Virtual, Klima, Blocklords, and various MEME tokens, with a cumulative trading volume exceeding 100 million USD. Projects joining the Launchpad only need to provide initial liquidity using their project tokens to launch the corresponding perpetual contract market. At the same time, SynFutures has set up a 1 million USD incentive program to provide funding support for trading competitions, market promotion, community activities, etc., helping projects enhance the activity and utility of their tokens in the on-chain market.According to DeFiLlama data, SynFutures is currently one of the largest on-chain derivatives trading markets. Since the mainnet launch in March, the cumulative trading volume has exceeded 20 billion USD, and just two weeks after launching on Base, it ranked first in trading volume, accounting for 50% of the total derivatives trading volume on the Base network in Q3. SynFutures previously announced that it secured 38 million USD in funding from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the protocol has passed the audit by Quantstamp.