The New Force of Derivatives Trading on the Base Ecosystem Chain: The Rise and Future of SynFutures

Recently, the comparison between the Base chain and Solana has attracted widespread attention in the crypto market. Data shows that last month, the net inflow of funds into Base reached $835 million, ranking first among all public chains, while Solana's net inflow was $313 million, which is only about half of Base. This trend indicates that as the popularity of MEME on Solana declines, investors' focus is gradually shifting towards the Base chain.

Unlike other L2 projects, Base currently has no plans to issue a native token. This means that Base's growth will rely more on the intrinsic value of its platform and ecosystem development, and its value will also be more reflected in the on-chain leading ecological projects.

In this context, as a leading derivatives protocol in the DeFi space, SynFutures is迎来重要时刻. Since its launch in 2021, the project has processed over $200 billion in trading volume. Its latest version V3's Oyster AMM is the industry's first unified AMM and permissionless on-chain order book.

After integrating with the Base chain in July, SynFutures quickly became the number one derivatives trading protocol in terms of trading volume on that chain. Just 10 days after launching on Base, it surpassed 100 million USD in trading volume, accounting for nearly 50% of the trading volume on the Base network in the third quarter. Currently, its cumulative trading volume has exceeded 35 billion USD, with an average daily trading volume of over 200 million USD, and on November 12, the single-day trading volume even surpassed 910 million USD, accounting for over 70% of the daily derivatives trading volume on the Base chain.

The Oyster AMM model of SynFutures V3 introduces an innovative mechanism that allows liquidity to be added within a specified price range, while enhancing capital efficiency through leverage. At the same time, it supports bilateral liquidity, allowing liquidity to be added using a single token without the need to provide bilateral assets on a 1:1 basis. This mechanism brings more flexibility and options to the ecosystem.

In addition, SynFutures has launched the industry's first perpetual contract Perp Launchpad, opening up new opportunities for on-chain asset issuance and trading. This not only injects more vitality into the DeFi market but also helps Base maintain its leading position in the fierce competition among public chains.

In the future, SynFutures plans to launch a spot aggregator, which is expected to become an important trading platform on the Base chain. This move will allow SynFutures to gain an advantage in both the spot and derivatives trading sectors, further solidifying its market position.

From a macro perspective, the development of the Base network has brought new opportunities to the on-chain derivatives market, and SynFutures, as one of the most promising projects in this field, has an innovative Perp Launchpad model that not only promotes the marketization of on-chain assets but also provides users with more diversified trading options. This model is expected to become the mainstream trend of on-chain trading in the future.

With the launch of spot aggregation trading, SynFutures will gradually occupy the two most promising tracks in the Base ecosystem: derivatives trading and spot trading. This dual layout will bring more users and trading volume to SynFutures, driving the long-term sustainable development of the platform.

For investors, the launch of the SynFutures token not only reflects its own ecological value but may also indirectly carry the growth dividends of the Base network. In the "no-coin network" ecosystem, this token opportunity may very well be the most scarce potential breakout point in the current market.