A well-worn topic, how should perp dex compete with other competitors, even CEX? I think it boils down to two points: one is to do its best to improve liquidity/user experience, at least close to CEX; the other is to list smaller Altcoins without permission.
The above can be summarized in three words: liquidity, user experience, and differentiation.
You can see these trends in the development of perp dex like Hyperliquid and SynFutures.
What I like about Hyperliquid is that its liquidity is good, the user experience is great, and you can also play with small-cap meme (spot trading) on its frontend. You can even foresee that in the future, many memecoins will be able to run on Hyperliquid.
SynFutures has also done well in this regard.
For example, in terms of liquidity, SynFutures adopts a centralized liquidity model. We can provide liquidity in the specified price range through its mechanism oAMM. This type of liquidity supply form has better capital efficiency than Jupiter JLP, GMX GLP. At the same time, the liquidity depth for users to execute transactions in the specified range is better.
Although the liquidity supply is done in a DEX-style oAMM, in terms of the user's frontend experience, SynFutures is still an order book. This can meet the trading needs of derivatives users.
Another advantage of SynFutures is its permissionless derivatives market - anyone can come here to launch token-based derivatives (just need to provide the token as the counterparty, no need to provide USDC).
I think this is very important, this is the product advantage of SynFutures, to achieve differentiation from CEX products.
I have mentioned Base AI many times in my previous tweets, and in these few days, the market's attention has begun to shift to Base, and the market's attention to Base AI has even surpassed Solana. We can clearly see this change from the two figures below (AIXBT has become the Top1 AI Agent mindshare)
Corresponding to the heat is the wealth effect, $VIRTUAL, $AIXBT, $CLANKER have all seen very large gains. Combining the information that SynFutures may launch a spot aggregator, SynFutures is likely to become an important participant in the Base AI meme hype.
Imagine that the future market may be tokens issued by Virtuals and Clanker, with SynFutures responsible for the spot and derivatives trading part (currently SynFutures is the No. 1 derivatives on Base), thereby catalyzing an even bigger Base AI bubble;)
On November 25th, SynFutures announced new information about the Foundation and $F, and the TGE is estimated to be coming soon. Their timing is also very good, just in the period when Base regains market attention + Hyperliquid issues tokens.
If you're interested, you can go check out the introduction to the Foundation and $F on the Official Twitter
https://x.com/SynFuturesDefi/status/1861029432850616496
Finally, let's take a look at the basic information of SynFutures through Rootdata
