PANews reported on November 14 that SynFutures Perp Launchpad is the industry's first perpetual contract issuance platform focused on the derivatives market. It has currently launched PumpBTC, solvBTC, Virtual, Klima, Blocklords and a variety of MEME tokens, with a cumulative trading volume of over 100 million US dollars. Project parties joining Launchpad only need to use project tokens to provide initial liquidity to launch the corresponding perpetual contract market. At the same time, SynFutures also has a 1 million US dollar incentive plan to provide financial support for emerging projects in trading competitions, market promotion, community activities, etc., to help projects improve the activity and practicality of their tokens in the on-chain market.

According to DeFiLlama data, SynFutures is one of the largest on-chain derivatives trading markets. Since the launch of the mainnet in March, the cumulative trading volume has exceeded 200 billion US dollars. At the same time, the trading volume ranked first two weeks after the launch of Base, accounting for 50% of the total trading volume of Base network derivatives in Q3. SynFutures previously announced that it had received US$38 million in financing from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the agreement has passed the Quantstamp audit.