TechFlow reports, according to a recent Q1 research report on SynFutures released by Messari, thanks to Oyster AMM's improvements in liquidity depth and capital efficiency, SynFutures saw its Q1 TVL surge by 589% and trading volume skyrocket by 470%. Within just one month of launch, it achieved $9 billion in trading volume, accounting for 83% of Blast's Q1 derivatives trading volume. SynFutures has consistently ranked among the top three in derivatives trading volume recently, with daily trading volume peaking at $1.7 billion, surpassing dYdX.
SynFutures previously announced a $38 million funding round from top-tier industry institutions including Pantera, Polychain, Dragonfly, and Standard Crypto. The protocol has been audited by Quantstamp. Its Oyster AMM supports concentrated liquidity similar to Uniswap V3, while also enabling limit-order market making. It allows anyone to use any token as margin at any time, with the entire token listing process completed within 30 seconds. SynFutures will launch a new points rewards campaign on June 4, offering users triple rewards in Blast points, Blast Gold, and SynFutures points through providing liquidity and trading activities.
