cat in a dogs world presyoMEW

short position guys all in essy money guys💸💸💸🤑🤑🤑

gears up for a breakout, with optimism fueled by and $PEPE strong sentiment. Steadily rising volume strengthens the case for an upward move, while Bitcoin’s momentum adds to the bullish narrative. Watch dominance for potential signals of $MEW's next big jump.$PEPE

SynFutures V3 is a decentralized derivatives exchange on Base and Blast, with the deployment on Base occurring on July 2, 2024. In October 2023, the team raised $22 million in a Series B funding round led by Pantera Capital. SynFutures V3 utilizes the Oyster AMM, which integrates features of an onchain order book, moving beyond the traditional AMM model to provide a more dynamic and efficient trade execution framework. With single-token liquidity provision, this permissionless model allows listing pairs with any asset as collateral and enables users to trade any quote asset against any collateral asset. Theoretically, users could pair any combination of assets against each other. SynFutures’ Perp Launchpad further democratizes derivatives trading by enabling anyone to create perpetual futures markets for any asset. In addition, order management, matching, and executions occur fully onchain, unlike alternative models that depend more heavily on offchain controls. As of writing, SynFutures does not have a native token, but Season 1 of its points program Oyster Odyssey is ending on November 25, 2024, hinting toward a potential token launch. For the purposes of this report, we will focus strictly on V3 data, as V1 and V2 were deprecated in February. SynFutures V3 continues to be an overwhelming success, facilitating over $71 billion in perp trading volume in Q3. SynFutures V2’s all-time cumulative volume was $4.6 billion. Similarly, V2 averaged 950 daily active addresses (DAAs), whereas V3 has grown 58.5% QoQ to 7,788 DAAs in Q3’24. V3’s average daily volume was $772 million in Q3 and peaked at $1.5 billion on July 15. SynFutures’ consistent daily volumes (sans weekends) solidify its user retention and V3’s success. Focusing solely on SynFutures V3, total unique traders declined entering the quarter following the Blast token launch on June 26, 2024. However, in the second half of July, unique traders increased as SynFutures’ expanded to Base. The sharp decline in unique traders at the end of July through early August corresponds with the sharp decrease BTC experienced when it fell from $70,000 to $49,000. Average daily unique addresses fell 59.9% QoQ from 2,826 in Q2 to 1,132 in Q3. To promote trading activity in early September, SynFutures introduced several promotional campaigns offering token rewards through SynFutures’ Meme Perp Carnival and MEW trade-a-thon. SynFutures also announced its inclusion in Base’s Onchain Summer campaign on August 29 to promote its expansion to Base earlier in the quarter. $F

SynFutures V3 is a decentralized derivatives exchange on Base and Blast, with the deployment on Base occurring on July 2, 2024. In October 2023, the team raised $22 million in a Series B funding round led by Pantera Capital. SynFutures V3 utilizes the Oyster AMM, which integrates features of an onchain order book, moving beyond the traditional AMM model to provide a more dynamic and efficient trade execution framework. With single-token liquidity provision, this permissionless model allows listing pairs with any asset as collateral and enables users to trade any quote asset against any collateral asset. Theoretically, users could pair any combination of assets against each other. SynFutures’ Perp Launchpad further democratizes derivatives trading by enabling anyone to create perpetual futures markets for any asset. In addition, order management, matching, and executions occur fully onchain, unlike alternative models that depend more heavily on offchain controls. As of writing, SynFutures does not have a native token, but Season 1 of its points program Oyster Odyssey is ending on November 25, 2024, hinting toward a potential token launch. For the purposes of this report, we will focus strictly on V3 data, as V1 and V2 were deprecated in February. SynFutures V3 continues to be an overwhelming success, facilitating over $71 billion in perp trading volume in Q3. SynFutures V2’s all-time cumulative volume was $4.6 billion. Similarly, V2 averaged 950 daily active addresses (DAAs), whereas V3 has grown 58.5% QoQ to 7,788 DAAs in Q3’24. V3’s average daily volume was $772 million in Q3 and peaked at $1.5 billion on July 15. SynFutures’ consistent daily volumes (sans weekends) solidify its user retention and V3’s success. Focusing solely on SynFutures V3, total unique traders declined entering the quarter following the Blast token launch on June 26, 2024. However, in the second half of July, unique traders increased as SynFutures’ expanded to Base. The sharp decline in unique traders at the end of July through early August corresponds with the sharp decrease BTC experienced when it fell from $70,000 to $49,000. Average daily unique addresses fell 59.9% QoQ from 2,826 in Q2 to 1,132 in Q3. To promote trading activity in early September, SynFutures introduced several promotional campaigns offering token rewards through SynFutures’ Meme Perp Carnival and MEW trade-a-thon. SynFutures also announced its inclusion in Base’s Onchain Summer campaign on August 29 to promote its expansion to Base earlier in the quarter. $F

🩸$F Decentralized derivatives startup👇 🩸 SynFutures introduced its so-called Perp Launchpad, marking the first platform tailored for launching perpetual futures markets. The launch is paired with a $1 million grant initiative aimed at boosting new token projects on the blockchain. 🩸“The crypto market has recently witnessed a surge in memecoins and other long-tail assets capturing the attention of retail traders. Designed to complement trending spot markets with open and efficient derivatives markets, SynFutures' Perp Launchpad enables projects to unlock new token demand and utility,” including passive rewards for liquidity providers and ways to hedge risk through leveraged perpetual futures trading, the company said in a statement on Tuesday. 🩸Built on Ethereum Layer 2 Base, the Perp Launchpad will allow projects to create perpetual futures markets for any asset. It also incorporates a vault feature to “optimize liquidity” that generates yields for liquidity providers. In other words, traders can now leverage a broader array of assets for potential gains or arbitrage. 🩸Perpetual futures, also known as "perps" or "perpetual swaps," are a type of derivative contract that allows traders to speculate on the price of cryptocurrencies without an expiration date. 🩸Since expanding to Base in July, SynFutures has dominated with over half of Base's derivatives trading volume with $23 billion in trades placed. 🩸"We're not only responding to market trends but fostering the growth of DeFi,” Rachel Lin, CEO of SynFutures, said in a statement. The $1 million grant will offer financial backing, liquidity, and marketing help to new projects, enhancing the firm’s market presence. 🩸This initiative follows successful programs like the DAO Perps and Meme Perp Summer, which have already seen tokens like DEGEN and MEW thrive as well as a pilot program involving Lido, Solv Protocol and others.