The Rise of New Stars in the DeFi Field: Innovators in on-chain derivatives trading

After a cycle of development, DeFi has become the most successful decentralized application built on blockchain, completely transforming the landscape of the cryptocurrency market. Cryptocurrency trading has gradually shifted from off-chain to on-chain, evolving from the initially simple Swap to a broad ecosystem covering lending, Staking, and derivatives trading.

In the field of Decentralized Finance, 45% of on-chain spot trading occurs on a certain DEX platform, becoming a leader in the industry. Its groundbreaking centralized liquidity solution and permissionless token listing mechanism provide users with efficient yield products and trading experiences, unleashing a large amount of on-chain liquidity and providing key infrastructure for the prosperity and diversity of the ecosystem.

In the derivatives trading sector, SynFutures is rising with the same momentum, being hailed as "the new star of the derivatives trading sector." This article will delve into the mechanisms of SynFutures and the innovations it brings to the derivatives trading sector, as well as how to seize the opportunities presented by SynFutures.

Introduction to SynFutures

SynFutures is a decentralized perpetual contract protocol built on Blast, and it is the first derivatives protocol deployed on-chain after the release of the Blast mainnet, currently iterated to version V3. The Oyster AMM model in V3 is the first unified AMM and on-chain order book model in the derivatives space.

The V1 and V2 versions of SynFutures use an AMM model based on the xyk formula, but this model has issues such as low capital utilization and high slippage caused by insufficient depth.

In V3, SynFutures draws on a centralized liquidity model and a permissionless listing mechanism, launching the Oyster AMM model based on the sAMM model. The oAMM model allows LPs to concentrate liquidity in specified price ranges, maximizing capital efficiency and liquidity depth, providing traders with a better trading experience and minimizing trading losses.

SynFutures has raised a total of $38 million through three rounds of financing, with investors including several top investment institutions in the industry.

Data continues to rise, potential begins to emerge

According to official data, SynFutures has accumulated a trading volume of $65.9 billion, providing over 3 million transactions for more than 110,000 users, with trading volume continually increasing, and a single-day peak reaching $1.8 billion.

Data shows that SynFutures currently has a TVL of 70 million USD, with a daily trading volume stable at over 1 billion USD. Based on data from the past 30 days, SynFutures' annual fee income is expected to exceed 125 million USD.

SynFutures demonstrates strong profitability, which is also the foundation for the project's long-term healthy operation and continuous innovation and iteration.

Centralized Liquidity Solutions for Derivatives

The Oyster AMM model of SynFutures allows liquidity to be added within a specified price range and enhances capital efficiency through leverage. The Oyster AMM adopts a margin management and liquidation framework tailored for derivatives trading, ensuring the safety of LPs and the protocol.

The oAMM model introduces bilateral liquidity, allowing liquidity to be added using only one type of token without the need to provide bilateral assets at a 1:1 ratio. Liquidity providers can list any trading pair, bringing more flexibility and options to the ecosystem.

The Oyster AMM model brings multiple advantages to liquidity providers and the protocol:

1. Improve capital efficiency: Concentrated liquidity reduces the proportion of idle funds, increasing the utilization rate of capital.

2. Increase potential returns: Funds concentrated in specific price ranges, increased trading frequency and available capital, allowing LPs to earn more fees.

3. Better depth, lower slippage: Markets with better depth attract more traders, creating a virtuous cycle that increases LP returns and enhances market stability.

4. Implement true decentralization: The permissionless listing mechanism allows anyone to add any trading pair at any time, enhancing market flexibility and the speed of innovation.

The Blast ecosystem is exploding, and SynFutures is seizing the opportunity

With the upcoming airdrop of Blast, as a star Layer 2 project, Blast has attracted over 1 million users, with a peak TVL of over 3 billion USD. The airdrop of Blast tokens will bring more attention and adoption.

Currently, there are 115 DeFi protocols on the Blast chain, most of which have not yet released project tokens. With the Blast token airdrop, more on-chain protocols will initiate TGE. SynFutures' permissionless token listing and centralized liquidity mechanism will provide rapid response for the ecosystem, stimulating market potential and flexibility.

More projects will bring more users and liquidity to SynFutures, enhancing trading volume and profitability, and bringing more expectations for the future TGE of SynFutures.

Future Outlook

Currently, over 98% of transactions in the crypto market are derivatives trading, generating hundreds of billions in daily trading volume, mostly occurring on centralized exchanges. Data shows that only 1% of perpetual trading happens on-chain. Decentralization is an unstoppable trend, and in the future, more and more users will shift their trading on-chain. The derivatives track is expected to become the most explosive and wealth-generating subfield.

The on-chain activity, trading volume, and user count of SynFutures continue to rise, reaching new highs. Its trading volume consistently ranks among the top three in the derivatives trading sector, particularly excelling in the Blast ecosystem. These data points demonstrate the high recognition of SynFutures by users and indicate its strong market competitiveness.

With the launch of Blast tokens and the explosion of its ecosystem, SynFutures will experience stronger growth. SynFutures to Blast is like a certain DEX to Ethereum. In the future, SynFutures will also carry out multi-chain deployment, allowing more ecosystems to benefit, further expanding the user base and market share, bringing immense growth potential.