Surf Protocol has rolled out its enhanced TurboFlow full-chain perpetual contract platform, representing a major step forward in decentralized trading technology. This new platform, which takes the place of the original Surf Protocol, brings several updates including up to 1,000x leverage on selected assets, a profit-sharing system without fees, and a risk management mechanism featuring some of the lowest liquidation margins in the industry. Built on its own Layer 1 framework, TurboFlow ensures that every transaction and asset movement is recorded on-chain and can be independently verified, as stated in a
Lookonchain report
. User funds will be seamlessly transferred to the upgraded platform, with all associated gas fees covered by the official team. This upgrade is designed to improve both transparency and ease of access for individual traders, with co-founder Tony He highlighting their mission to "embed transparency as the core principle of the system."
The launch comes amid heightened market activity, including increased leveraged trading on platforms such as Hyperliquid. For example, Lookonchain reported that a skilled trader recently deposited 1.95 million
USDC
to initiate a 15x long position on BTC, earning more than $5.5 million in profits since July. In other developments, Jia Yueting revealed the successful completion of the first C10 crypto treasury allocation, while QLGN has teamed up with BitGo to push trading volumes to $300 million. These events underscore the rising interest from both institutions and retail investors in crypto derivatives, fueled by innovative solutions like TurboFlow.
The Surf Protocol upgrade also reflects broader trends in decentralized finance (DeFi) infrastructure. For instance, Tokemak’s upcoming Autopool, scheduled for an October debut, highlights the sector’s emphasis on automated liquidity solutions, according to a
TradingView report
. Likewise, Quantum Solutions’ recent purchase of 2,000 ETH—making it the 11th-largest ETH treasury—demonstrates how companies are using crypto assets to manage market risk, as mentioned in a
CoinDesk article
. On the other hand,
not
every crypto initiative is seeing smooth progress. Quantum Corporation is currently facing a securities class action lawsuit over alleged financial inaccuracies, with its stock price falling 28% in just five days, according to a
GlobeNewswire release
.
The blockchain sector at large is undergoing rapid change, with projects like The Graph gearing up for its Horizon Testnet upgrade in October, which aims to consolidate data services within a decentralized protocol, as reported by
TradingView report
. Meanwhile, IonQ’s acquisition of Vector Atomic marks a move into quantum sensing, with the goal of strengthening its presence in government and defense markets, according to a
Business Wire release
.
