SynFutures 24-hour trading volume surpasses dYdX, exceeding $1.7 billion

PANews reported on May 24 that, according to CoinGecko data, SynFutures' 24-hour trading volume reached $1.78 billion; among which ETH-PERP trading volume exceeded $1.1 billion, surpassing Hyperliquid to rank first in Perp DEX. Since its mainnet launch in March, SynFutures' cumulative trading volume has exceeded $64 billion, with a TVL of over $70 million and nearly 3 million cumulative transactions. In Q1, it accounted for 80% of the derivatives trading volume on Blast. SynFutures previously announced that it had secured $38 million in funding from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the protocol has been audited by Quantstamp.

SynFutures will launch a new points reward event on May 28 at 4 PM Beijing time, where users can earn triple rewards of Blast points, Blast gold, and SynFutures points by providing liquidity and trading.