Author: Sleeping in the Rain

A common topic, how on-chain perp dex should compare with other competing products , or even CEX competition?

I think there are only two points, one is to do everything possible It is possible to improve the liquidity/user experience, at least similar to CEX; the second is to list smaller altcoins without permission.

The above paragraph can be summed up in three words: mobility, user experience and differentiation.

You can see these trends in the development of perp dex such as Hyperliquid and SynFutures.

What I like about Hyperliquid is that it has good liquidity, good user experience, and you can also play with small market cap memes (spot trading) on ​​its front end. It is even foreseeable that many memecoins will be released on Hyperliquid in the future.

SynFutures also does a good job in this regard.

For example, regarding liquidity, SynFutures adopts a centralized liquidity model. We can provide liquidity in a specified price range through its mechanism oAMM. The capital efficiency of this type of liquidity supply is better than Jupiter JLP and GMX GLP. At the same time, users have better liquidity depth when executing transactions within the specified range.

Although liquidity supply is performed through DEX-style oAMM, SynFutures is still an order book in terms of the user's front-end experience. This can meet the trading needs of derivatives users.

Another advantage of SynFutures is its license-free derivation Product Market - Anyone can come here to launch currency-based derivatives of specific tokens (you only need to provide the token as a counterparty, no needOffered in USDC).

I think this is very important. This is the product advantage of SynFutures, which differentiates it from CEX products.

I have mentioned Base AI many times in my tweets before. In the past few days, the market’s attention has begun to turn to Base. The market’s interest in Base AI The attention has even shown signs of surpassing Solana. We can clearly see this change from the two pictures below (AIXBT has become AI Agent mindshare Top1)

Corresponding to the popularity is the wealth effect, $VIRTUAL $AIXBT $CLANKER all have a very large increase. Combined with the information that SynFutures may launch a spot aggregator, SynFutures will likely become an important player in the Base AI meme hype.

Imagine that the future market may be tokens launched by Virtuals and Clanker, and SynFutures is responsible for spot and derivatives trading (currently SynFutures is the No. 1 on Base derivatives), thus catalyzing a larger Base AI bubble;)

On November 25, SynFutures announced Foundation and $F New news, it is estimated that TGE is coming soon. Their time node selection is also very good, it happens to be during the period when Base regains market attention + Hyperliquid issues coins.

If you are interested, you can read the official introduction to the foundation and $F:

https://x.com/SynFuturesDefi/status/1861029432850616496

Finally, let’s take a look at SynFutures through Rootdata Basic information: