24h Volume
—
Open Interest
—
Fee
DeFi-native L1 with CLOB orderbook for crypto and TradFi perps. 200K+ TPS, 150ms finality, zero gas fees. Formerly Syndr Protocol.
TBA
TBD (no later than Q3 2026)
Pre-token stage. Points farming live since Feb 2026. Early alpha — requires referral code. Founded 2021 as Syndr, rebranded Dec 2025. Backed by Delphi Ventures and 1inch/Gnosis angel investors.
Weekly — up to 1.5M points every Monday at 12:00 UTC
Public testnet: Dec 5, 2025. Points program: Feb 27, 2026. 1.4M points retroactively distributed to 1,800+ early users. $500K pre-seed (Jan 2022, as Syndr).
Delphi Ventures, Dialectic, Stake Capital, Outlier Ventures, CoinDCX Ventures
Hotstuff is a purpose-built DeFi Layer 1 blockchain designed for high-performance on-chain trading. Originally launched as Syndr Protocol on Arbitrum Orbit, it rebranded and launched its own L1 in December 2025 with DracoBFT consensus — achieving 200,000+ TPS, 75ms block times, and 150ms finality.
The platform operates a Central Limit Order Book (CLOB) supporting 15 perpetual futures markets across crypto (BTC, ETH, SOL, HYPE, XRP, ZEC, BNB), commodities (Gold, Silver, WTI Oil, Brent Oil, Natural Gas), forex (EUR/USD, USD/JPY), and pre-launch assets (SpaceX). Leverage ranges from 5x to 50x depending on the asset, with BTC, ETH, EUR/USD, and USD/JPY offering the highest at 50x.
All trading uses USDC as settlement currency with zero gas fees for end users. The platform supports portfolio margin, cross-margin, and a unique hedged position mode allowing simultaneous long and short positions on the same asset. The Hotstuff Liquidity Vault (HLV) provides multi-venue market making, attracting $500K+ from 1,000+ depositors within 12 hours of launch.
Hotstuff is backed by Delphi Ventures, Dialectic, Stake Capital, Outlier Ventures, and CoinDCX Ventures, with angel investments from the co-founders of 1inch, Gnosis, and Biconomy. The bridge contract has been audited by Quantstamp and Sherlock.
A points program launched in February 2026 distributes up to 1.5M points weekly, with an anticipated token launch no later than Q3 2026. The platform is currently in alpha and requires a referral code for access.
Hotstuff targets traders who want exchange-grade performance on a fully on-chain L1, combining the speed of centralized exchanges with DeFi self-custody and multi-asset class coverage.
Hyperliquid and Hotstuff both run their own L1 blockchains with on-chain orderbooks, but Hyperliquid is the established market leader while Hotstuff is an early-stage challenger with mixed crypto/TradFi markets.
Both Hotstuff and Kinetiq Markets offer TradFi perpetuals alongside crypto, but on different infrastructure — Hotstuff runs its own L1 while Kinetiq is built on Hyperliquid as a HIP-3 exchange.
