Perp DEXs Review, #1 Debut Issue. Orderly, KiloEx, SynFutures and More
Kicking off VOOI's Newsletter <3
Welcome to VOOI’s Signal Newsletter - a series of the major ecosystem updates from top-tier projects in the perpetual trading industry.
This time we send you a Signal #1.
In this extended issue we review the supported Perp DEXs at VOOI - intent-based decentralized exchanges aggregator, and learn more about all crucial announcements and updates from most active protocols in the market.
First things first, we’re reviewing the VOOI ecosystem.
Orderly Network at VOOI
Orderly Protocol is an orderbook-based decentralized exchange (DEX) protocol specifically designed for perpetual contracts trading. Currently Orderly is hosting “The Road to the Order” points campaign where traders earn Merits by interacting with the protocol. Those will later be converted into the allocation parts of the $ORDER token.
VOOI launched the access to Orderly in May 2024, as a part of the launch of the first season in Phase 1.
Wanna know more about VOOI’s product rollout? Then, our Roadmap section in the Docs is just the right place to start.
Orderly Overview
One of the leading Perpetual Trading DEXs, Orderly utilizes the approach of the Unified Orderbook and Liquidity - traders obtain the unique advantage of accessing all major chains through their unified trading infrastructure and liquidity.
Orderly, as a few of the decentralized exchanges, provides users with a trading API so that traders can make orders and interact with the protocol in a more sophisticated way.
Some of the highlighted features that Orderly currently has:
Gasless Trading (on the NEAR Network);
Self-custody of your trading funds;
One-click trading that doesn’t require traders to make further signatures after the initial confirmation;
Robust ecosystem of the supported blockchain networks over 45 trading assets for the pairs.
VOOI aggregates Orderly to its Trading App and supports trading on the following blockchain networks: Ethereum Mainnet, Arbitrum, Optimism, Base and Mantle with NEAR Blockchain available directly in the Orderly trading interface.
Such protocol has indeed something to offer for the traders and community members, so let’s quickly browse Orderly’s ecosystem and its most important updates 👇
Catching Up On Orderly Updates and News
Here are top-tier announcements of Orderly’s ecosystem we should take a closer look at:
Orderly launched the support of Ethereum Mainnet blockchain and added the support of the assets, respectively;
The airdrop campaign “The Road to the Order” has been extended, traders that engage with it will receive a greater $ORDER allocation;
Orderly is the third most active protocol in the Layer Zero protocol, the recent snapshots state;
$50 Billion milestone of the cumulative trading funds volume has been reached by Orderly Protocol this June.
KiloEx Protocol at VOOI
Backed by Binance Labs and Foresight Ventures, KiloEx Protocol is a decentralized exchange (DEX) protocol that facilitates trading of various digital assets, including cryptocurrencies and tokens. Besides providing just a regular interface for trading, KiloEx also offers yield generation opportunities.
Launch of KiloEx at VOOI’s Trading App marked the beginning of Beta Season, Phase 1 of the VOOI Rollout.
KiloEx Overview
There are several key features that KiloEx brings to the perpetual trading industry. The most highlighted are the decentralized order matching, liquidity pools, cross-chain compatibility and, of course, yield farming opportunities.
In terms of the features that distinguish KiloEx from the other represented perpetual protocols, these would be:
Diverse range of trading assets. KiloEx, as one of the unique platforms, supports trading on such robust blockchain networks, as Binance Smart Chain, Taiko Network, Manta Network and opBNB, bringing exclusive pairs;
Flexible trading methods, including, for instance, Forex.
Additionally, KiloEx has an active Airdrop campaign that brings opportunities for traders and community members to earn KiloEx points that will be converted into airdrop allocation later. KiloEx has two native tokens in its ecosystem - according to its tokenomics, these would be $xKILO and $KILO. The latter hasn’t been launched yet, and the claim phase of the airdrop hasn’t been announced as well.
KiloEx Updates
Let’s browse most recent and major KiloEx updates of the last month:
KiloEx was highlighted as the fifth most actively growing dApp on BNB Chain in a weekly section;
The kick off of a $50,000 prize pool campaign of KiloEx with Trust Wallet;
Several assets for trading pairs have been added to KiloEx, incl. $DOT, $GALA, $UNI, $ENS, $CHZ, and $PEOPLE.
SynFutures Protocol - Newest Addition to VOOI
SynFutures Perpetual DEX is a cutting-edge decentralized exchange that enables users to trade perpetual futures contracts across a wide range of assets. As VOOI extended its Beta Season, the support to SynFutures has been introduced as well, with several benefits that we included in this launch.
SynFutures Overview
Being one of the leading perpetual protocols in the industry, SynFutures takes a special place in the Blast Network’s ecosystem - a base blockchain for SynFutures. Currently the protocol supports trading on Blast and Base Mainnet, a new addition to the ecosystem.
SynFutures utilizes several trading technologies and approaches, including the Permissionless On-chain Orderbook which eliminates the dependence on centralized administrators to process orders.
Some of the key features that SynFutures Protocol has and provides to its users:
SynFutures utilizes a Single Model for the Unified Liquidity by integrating concentrated liquidity and the orderbook in a single framework;
The “anything against anything” perps are designed for the meticulous traders that want to trade such assets as meme coins and liquid restaking tokens;
Being an important contributor of the Blast ecosystem, SynFutures provides traders with the source of Blast Gold + Point farming that users will later exchange for the $BLAST token airdrop.
Speaking about native tokens, SynFutures hasn’t announced any tokens launching or introduced a tokenomics model. However, the protocol introduced the Oyster Odyssey program where users can earn O_O points.
SynFutures Releases & Updates To Pay Attention To
Here’s a recap of all major announcements from SymFutures family:
The third version of SynFutures Protocol brings seamless trading and on-chain futures to Base Mainnet, opening new traded assets;
Right upon Blast Airdrop Phase 1, SynFutures achieved a $100 billion mark in trading volume;
Several token pairs have been added, additionally as a consequence of the $BLAST listing, including BLAST/ETH trading pair.
Other Perpetual Trading Updates
In this series we also collect the major announcements from the top-tier perp trading projects. Here’s a recap of June:
Hyperliquid distributed the first patch of 700,000 L1 points as a part of the rewards program;
GMX optimized the second version of its protocol on Avalanche and introduced the support of Chainlink Data Streams, promising to protect against price manipulation;
Highly anticipated dYdX chain v5 upgrade has been introduced on mainnet with new features available now;
CultureFi DEX - Wasabi - announced a successful $3 million Seed investment Round, led by Electric Capital;
Solana-based Perp DEX Drift reached the new weekly volume milestone of $1,2 billion - despite being in the post-TGE phase.
Meet VOOI & Enable Seamless Trading Across Decentralized Exchanges
Explore VOOI - an intent-based Perp DEXs aggregator that brought this Signal to you. All links to follow: