TechFlow News, Messari has released SynFutures' Q4 2023 report on its derivatives DEX. The details are as follows:
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SynFutures V3 testnet and alpha version have been launched, enabling users to trade with up to 100x leverage. It also helps protect liquidity providers and restrict order makers through a dynamic penalty framework. The mainnet is expected to launch in Q1 2024.
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SynFutures has added the Blast testnet to its roadmap, aiming to design a unique user experience around zero-fee trading using native yield.
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V2 usage generated $1.66 billion in trading volume and nearly $1 million in fees during Q4 2023.
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Activity increased throughout the quarter, with trading volume, fees, and daily active users all reaching record highs. SynFutures V2 also attracted nearly 12,000 new addresses trading on the protocol during Q4 2023.
