Perhaps because the airdrop effect of Hyperliquid was too eye-catching, the expectations for SynFutures, which is about to launch an airdrop in the same track, have also been raised. The decentralized derivatives trading platform has become a promising track full of opportunities.
So, what is the logic driving this wave of DEX bonus market? What is the entry point of SynFutures in providing contract trading opportunities for early MEME coins? Let me briefly share my views:
1) The DEX growth dividend started from DeFi Summer, and was subsequently hit hard by a series of privacy coins being suppressed by regulators. In the past year, it has been reactivated by the influence of inscriptions + runes and this wave of AI MEME.
It is visible to the naked eye that the on-chain business of DEX is gradually enriching and becoming more complete. The liquidity depth, population coverage, application scenario categories, etc. of on-chain DEX are becoming more abundant, such as order book DEX, AMM+order book hybrid DEX, Yield aggregation trading strategy, innovative derivatives gameplay, etc.
This is a market dividend period driven by the growth trend of DEX. Although there is still a gap from the huge user base of CEX, the competitive advantages and growth potential of DEX cannot be underestimated;
2) The dYdX and HyperLiquid that we are more familiar with are both order book trading mechanisms. The main service scenarios are often limited to mainstream large currencies that are supported by mature market makers and have a stable customer base on the chain. Only in this way can there be a smooth order book trading experience.
The AMM-based DEXs such as GMX and GNS solve a large part of the on-chain transaction needs through GLP’s unique liquidity mechanism and innovative token model design;
However, as the on-chain DEX ecosystem becomes increasingly complex, such as the emergence of MEME coins in seconds, more Smart Money layouts, and more on-chain Hunters and Traders, the market demand for on-chain DEX trading scenarios has become more diverse and rich.
The emergence of SynFutures is aimed at this longer-tail, more fragmented market;
3) What are the highlights of SynFutures for the MEME coin market?
1. Conventional Perp perpetual contract transactions. Any ERC20 token can create a perpetual contract. It is suitable for some MEME coins that have not been listed on CEX during the DEX PVP consolidation stage;
2. As the top 3 DEX on the popular and innovative layer2 Base chain, it can enjoy the Pump bonus of the Base chain ecosystem;
3. The high volatility of MEME coins in this stage will attract on-chain Degen with a large wind preference. At the same time, its flexible token perpetual trading pair creation mechanism will add some "leverage effects" to application scenarios such as Restaking and cross-chain.
Moreover, on-chain DEX has recently ushered in another important "singularity" of explosive growth. The sanction of Tornado has gotten rid of the doubts of "regulatory uncertainty", bringing new growth space for on-chain DEX to drive DeFi's second Summer.
