Why is Hyperliquid more successful than other Perps?
The most discussed topic today is why @HyperliquidX is more successful than other Perps. Let me talk about $HYPE from my personal experience.
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How does Perp DEX compete with CEX?
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Author: Sleeping Wildly in the Rain
It’s a commonplace topic, how should on-chain perp dex compete with other competing products, even CEX?
The above paragraph can be summed up in three words: liquidity, user experience and differentiation.
You can see these trends in the development of perp dex such as Hyperliquid and SynFutures.
The reason why I like Hyperliquid is that it has good liquidity, good user experience, and you can also play with small-cap memes (spot trading) on its front end. You can even foresee that many memecoins will be able to run on Hyperliquid in the future.
SynFutures has also done well in this regard.
For example, liquidity, SynFutures adopts a centralized liquidity model. We can provide liquidity in a specified price range through its mechanism oAMM. This type of liquidity supply form has better capital efficiency than Jupiter JLP and GMX GLP. At the same time, the liquidity depth when users execute transactions in a specified range is better.
Although liquidity is provided by DEX-style oAMM, in terms of the user's front-end experience, SynFutures is still an order book. This can meet the trading needs of derivatives users.
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, and the market's attention to Base AI has even surpassed Solana. We can clearly see this change from the two pictures below (AIXBT has become the AI Agent mindshare Top1)
Imagine that the future market may be that Virtuals and Clanker launch tokens, and SynFutures is responsible for spot and derivatives trading (currently SynFutures is the number one derivative on Base), thereby catalyzing a larger Base AI bubble ;)
On November 25, SynFutures announced new news about Foundation and $F, and it is estimated that TGE is coming soon. Their time node selection is also very good, just in time for Base to regain market attention + Hyperliquid to issue coins.
If you are interested, you can go to the official Twitter to introduce the foundation and $F:
https://x.com/SynFuturesDefi/status/1861029432850616496
Finally, let’s take a look at the basic information of SynFutures through Rootdata:
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