F (SynFutures) increased by 15.02% in the past 24 hours

Gate News Bot Message, December 19th, according to CoinMarketCap data, at press time, F (SynFutures) is currently priced at $0.01, up 15.02% in the past 24 hours, reaching a high of $0.01 and a low of $0.01, with a 24-hour trading volume of $30.7 million. The current market capitalization is approximately $21.7 million, an increase of $2.83 million from yesterday.

SynFutures is a decentralized derivatives trading platform that offers on-chain perpetual contract trading services. The platform features Oyster AMM mechanisms, combining order book and automated market maker models to provide trading opportunities for any asset, including blue-chip cryptocurrencies, tokens, NFTs, Bitcoin mining power, and more. SynFutures boasts core features such as 30-second asset listing, unified liquidity pools, and strict risk management. It has received support from top institutions like Pantera, Polychain, and Dragonfly, and its products are operational on multiple blockchains including Base and Blast.

F Market Drivers Analysis

Recent important news about F:

1️⃣ DeFi Derivatives Liquidity Infrastructure Improvement With the launch and funding of high-performance decentralized trading platforms like Harbor (Harbor completed a $4.2 million strategic funding round led by Susquehanna Crypto and Triton Capital), and the trading volume of Honeypot Finance’s perpetual contract DEX surpassing $20 million, with total platform trading volume exceeding $100 million, the derivatives DEX sector is demonstrating strong market demand. As a derivatives platform already deployed on L2 networks like Base and Blast, SynFutures benefits from the ongoing improvement of liquidity infrastructure across the sector, which is expected to further boost platform trading activity.

2️⃣ Base Ecosystem Prosperity Driving Derivatives Demand JPMorgan has launched a tokenized deposit product called JPM Coin on the Base network, indicating that Base is becoming an important hub for the integration of traditional finance and DeFi. This ecosystem development trend creates more institutional and systemic capital participation opportunities for derivatives applications built on Base like SynFutures. As a result, institutional investors’ demand for on-chain derivatives tools is expected to increase.

3️⃣ Prediction Markets and Derivatives Trading User Engagement Polymarket’s user retention rate exceeds 85%, surpassing that of other crypto platforms, and predict.fun’s cumulative trading volume has exceeded $10 million, indicating that user engagement and repeat participation in on-chain trading tools are continuously rising. This user behavior foundation sets the stage for increased activity on derivatives trading platforms. As a key infrastructure providing perpetual contracts, SynFutures is poised to attract more trading volume amid rising user participation.

This message is not investment advice. Please be aware of market volatility risks.