24h Volume
$78.5M
+26.4% 24hOpen Interest
$955.1K
Fee
Apr 2026 — May 2026 · 35 days
On-chain derivatives exchange using the Oyster AMM model with concentrated liquidity and permissionless market creation. Over $75B cumulative volume.
$F
Launched (Dec 2024)
28.5%
F token launched December 2024. $38M+ raised from Pantera, Polychain, Dragonfly, SIG. $210B+ cumulative volume.
7.5% initial airdrop at TGE. Season 2 ongoing.
TGE: Dec 6, 2024. 10B total supply.
Pantera Capital, Polychain Capital, Dragonfly, Standard Crypto
SynFutures is a decentralized derivatives exchange on Base that uses the innovative Oyster AMM model with concentrated liquidity and permissionless market creation. Launched in February 2024, it has accumulated over $210 billion in cumulative trading volume, making it one of the most actively traded AMM-based perp DEXes.
The platform lists 280 markets with up to 100x leverage, zero maker fees, and a 0.05% taker fee. The permissionless market creation feature allows anyone to list new trading pairs, driving rapid catalog expansion. This open approach has resulted in one of the widest market selections in the perp DEX space.
The Oyster AMM introduces concentrated liquidity to perpetual futures — a concept adapted from Uniswap V3's spot model. LPs can provide liquidity within specific price ranges to maximize capital efficiency, earning fees from trading activity. This model creates earning opportunities for sophisticated LPs while maintaining deep liquidity on popular pairs.
SynFutures raised $38 million from Pantera Capital, Polychain Capital, Dragonfly, and Standard Crypto. The F token launched in December 2024 with a 28.5% community allocation (7.5% initial airdrop at TGE, Season 2 ongoing). Total supply is 10 billion tokens.
SynFutures suits traders who want access to the widest market selection with zero maker fees, and LPs who want to earn through concentrated liquidity provision. Its permissionless listing model means new markets appear faster than on curated platforms.
Hyperliquid and SynFutures represent opposing philosophies in perp DEX design. Hyperliquid runs a traditional orderbook on its L1, while SynFutures uses an innovative Oyster AMM with concentrated liquidity on Base.
Aster and SynFutures both boast extensive market selections but use different models. Aster runs an orderbook on BNB Chain with up to 1001x leverage, while SynFutures uses an AMM with permissionless market creation on Base.
edgeX and SynFutures take different technical approaches: edgeX uses a fast off-chain orderbook on Ethereum L2, while SynFutures deploys an Oyster AMM with permissionless market creation on Base.
Lighter and SynFutures both offer zero maker fees and on-chain execution, but Lighter eliminates all fees while SynFutures provides far more markets through permissionless listing on Base.
Jupiter Perps and SynFutures represent different chains and models: Jupiter's Solana oracle-based simplicity versus SynFutures' innovative Oyster AMM with permissionless markets on Base.
dYdX and SynFutures approach perp trading from different angles: dYdX's sovereign chain orderbook prioritizes decentralization and low fees, while SynFutures' AMM on Base enables permissionless market creation.
GMX v2 and SynFutures are both non-orderbook perp DEXes, but GMX v2 uses oracle-priced isolated pools on Arbitrum while SynFutures runs a concentrated liquidity AMM on Base.
Drift and SynFutures operate on different chains with different models: Drift's hybrid orderbook on Solana with maker rebates versus SynFutures' Oyster AMM on Base with permissionless markets.
SynFutures and ApeX take fundamentally different approaches: SynFutures uses an innovative Oyster AMM with permissionless markets on Base, while ApeX relies on proven StarkEx orderbook technology on Ethereum L2.
SynFutures and Gains Network both offer extensive market selections and non-orderbook models, but SynFutures focuses on crypto with an Oyster AMM on Base while Gains Network spans crypto, forex, stocks, and commodities across three chains.
