Is the big derivatives market about to begin?
The recent two major events will directly stimulate the rise of the BASE chain derivatives track!
First, Binance recently announced the launch of the #AERO contract (AERO is currently the largest DEX on the BASE chain). Once the news was released, #AERO surged to nearly 2 US dollars, and the current FDV market value exceeds 2.6 billion US dollars. This indicates that Binance is also paying attention to the opportunities and traffic of BASE chain ecosystem projects.
Second, the great success of Hyperliquid, with #HYPE continuing to rise sharply, directly stimulated the valuation ceiling of the entire derivatives track. Currently, #HYPE has a staggering FDV of 13.2 billion US dollars, standing out.
The popularity of these two has directly raised the valuation expectations of #SynFutures. I must say, the timing of this is excellent.
Currently, looking at the valuation comparison of well-known derivatives projects: $DYDX, $HYPE, $F(SynFutures)
$DYDX
· FDV Market Value: 1.66 billion US dollars
· Trading Volume in the Past 7 Days: 6 billion US dollars
· FEE (30 Days): 4.15 million US dollars
$HYPE
· FDV Market Value: 13.2 billion US dollars
· Trading Volume in the Past 7 Days: 42.4 billion US dollars
· FEE (30 Days): 38.25 million US dollars
$F(SynFutures)
· FDV Market Value: Not yet listed, total token issuance is 10 billion
· Trading Volume in the Past 7 Days: 6.5 billion US dollars
· FEE (30 Days): 3.7 million US dollars
As the current hottest narrative core of the two: #BASE + derivatives, SynFutures has processed over 200 billion US dollars in trading volume since its launch in 2021. Its product has iterated to V3, with V3 Oyster AMM being the first unified AMM and permissionless on-chain order book among similar products. Currently, SynFutures has become the leader in the entire #BASE chain derivatives track, holding a 52% market share, showing the Matthew effect!
Tonight, the SynFutures project token $F will go live on exchanges such as Bybit, Bitget, Gate, MEXC, etc. The project team has an outstanding background, and the investment institutions are well-known in the industry. If the opening price is 0.1 yuan, with a 1 billion FDV, the cost-performance ratio compared to #AERO and HYPE is still good. It feels like a big opportunity, definitely worth looking forward to! 🧐
Estimated opening price.
Speaking of the opening price of SynFutures, I think the maximum market value at opening can be between 1-2 billion US dollars. If the opening is 0.05-0.8 yuan corresponding to FDV, that would be 500 million to 800 million, so I plan to buy some at the lower end of this range, and can temporarily sell at 1.5 to 2 billion US dollars.
From this perspective, compared to similar projects of other popular public chains, especially HYPE, the market value of SynFutures is indeed not high. This wave of market is basically a deterministic opportunity, everyone can pay attention.
If you have earned quite a bit from SynFutures, it means you are really lucky. Those who earned during the previous period hit a good time, and there are still many good projects launching in the future; the chips are worth money!
