Zeta Markets Launches ZX: A DeFi Layer 2 on Solana

As a seasoned crypto investor with years of experience in the decentralized finance (DeFi) space, I’m genuinely excited about the upcoming launch of Zeta X (ZX) on Solana. The DeFi community has been longing for a scalable and high-performance trading solution that can rival centralized exchanges (CEXs), and it seems that ZX is here to deliver.

Zeta Markets introduces Zeta X (ZX), a groundbreaking DeFi Layer 2 solution built on Solana, designed for decentralized trading with the features of a centralized exchange (CEX). ZX aims to deliver the benefits of a CEX while maintaining the principles of Decentralized Finance (DeFi), ensuring users retain control over their assets and funds. Transactions are transparent, eliminating potential vulnerabilities to hacks.

We’re excited to reveal the blueprint for Zeta X (ZX) on Solana, introducing the first decentralized finance (DeFi) Layer 2 solution. ZX is designed to deliver top-tier trading experiences and maximize scalability, merging the best of centralized exchanges with on-chain transactions. Powered by $Z.

— Zeta Markets | $Z is coming 🔥 (@ZetaMarkets) May 23, 2024

As an analyst, I’d put it this way: In the ZX appchain, I’ve seen an impressive off-chain matching engine that’s zkVM-compatible and built using Rust. This setup allows for a remarkable processing capacity of up to 10,000 transactions per second (TPS) with minimal latency between just 3-5 milliseconds. Comparable to centralized exchanges in terms of speed and efficiency, this feature lets users enjoy seamless 1-click trading without the need for signing each individual transaction.

Zeta Markets v2, known for being the premier decentralized finance platform featuring fully on-chain central limit order books, has facilitated over $7 billion in trading transactions and attracts a community of approximately 100,000 traders.

In the first quarter of 2025, ZX is predicted to debut on the mainnet, leading to heightened anticipation for on-chain trading and decentralized finance (DeFi) solutions due to enhanced scalability.

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2024-05-24 04:37