Bittime - SynFutures is adecentralized derivatives trading platform (DEX)that has attracted widespread attention, managing to record a 24-hour trading volume of 1.78 billion US dollars.
This achievement not only surpassed dYdX, but also put SynFutures at the top of the standings with ETH-PERP trading volume surpassing 1.1 billion US dollars, beating Hyperliquid as the leader in the Perp DEX market.
SynFutures Get Support and Audits from Key Industry Players
Since its mainnet launch in March, SynFutures has shown tremendous growth. The platform's total cumulative trading volume has exceeded 64 billion US dollars, with total value locked (TVL) exceeding 70 million US dollars.
The cumulative number of transactions is approaching 3 million, and the platform accounted for 80% of the derivatives trading volume on Blast in the first quarter of this year.
This success is inseparable from strong financial support from various leading industry institutions. SynFutures previously announced that it had received funding of 38 million US dollars from several well-known institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto.
Investors' confidence was strengthened by the audit results from Quantstamp, which confirmed the security and reliability of the SynFutures protocol.
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SynFutures Growth Strategy and Latest Innovations
SynFutures is not just satisfied with its current achievements. On May 28, at 16:00 Beijing time, the platform will launch a new round of point reward activities.
Users who provide liquidity and carry out trades will get three types of rewards at once, namely Blast points, Blast gold and SynFutures points. This move is expected to increase user participation and strengthen SynFutures' position as a leader in the DEX derivatives market.
In their statement, the SynFutures team expressed their optimism about the future of this platform. They believe that by continuing to innovate and providing attractive incentives to users, SynFutures will continue to grow and establish its dominance in the crypto derivatives trading market.
Market Perspective and Impact on the Crypto Industry
SynFutures' achievements have had a significant impact on the crypto industry as a whole. The success in outperforming dYdX, one of the big players in the DEX market, shows that SynFutures has high competitiveness and is able to attract the interest of traders and investors.
The large trading volume also reflects the crypto community's high trust and interest in this platform.
In addition, with support from leading financial institutions and positive audit results, SynFutures further strengthens its reputation as a safe and reliable platform. This is important to attract more users and expand the platform's user base.
On the other hand, the point reward activity launched by SynFutures is also an effective strategy to increase liquidity and trading volume. By providing attractive incentives, the platform is able to encourage more trading activity and liquidity in the market.
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SynFutures Future Prospects
Although SynFutures has achieved a lot, challenges remain ahead. Competition in the DEX derivatives market is increasingly fierce with the emergence of new players who also offer innovation and attractive features.
To maintain its position, SynFutures must continue to innovate and provide better services to its users. However, with an impressive track record and focused strategy, SynFutures has a great opportunity to continue to grow and make further achievements.
Support from leading financial institutions and an increasingly strong crypto community is valuable capital for this platform to face future challenges.
Conclusion
With a 24-hour trading volume of 1.78 billion US dollars and various other milestones, SynFutures has established itself as one of the major players in the DEX derivatives market.
Strong financial support, positive audit results, and innovative point reward strategies are key factors for the platform's success. Looking ahead, SynFutures has a great opportunity to continue to grow and strengthen its position as a leader in the crypto asset industry .
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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