Solana DEX Zeta Markets Launches Testnet for Bullet Network Extension
Solana's perpetual futures exchange Zeta Markets has launched a testnet for Bullet, a low-latency network extension, with a mainnet launch expected in early Q2 2023. This development occurs amid competition from Hyperliquid, a new DEX that processed six times more perps volume than all Solana perps combined last week.
Key points:
- Bullet aims to enhance performance with a sequencer for transaction processing and fraud-proof verification via a zero-knowledge virtual machine.
- Claims indicate Bullet can achieve 2ms latency, significantly faster than Hyperliquid's median of 200ms.
- Bullet will also introduce lending and spot trading features, aligning with trends among perps DEXs diversifying their offerings.
- Other Solana projects like Drift are also expanding into lending alongside perps trading.