Sui is cutting gas again today. Trading on @AftermathFi now costs makers and takers about 80% of what it did two weeks ago.
Quick update on where we are 👇
Aftermath Perps is fully onchain. No sequencer, no off-chain matching engine, no maker getting first look. Every order is matched and settled by Sui's 100+ validators.
Why that matters:
- You can verify the rules of the venue instead of trusting them
- One tx can open positions across markets with PTBs
- No single operator can halt, reorder or front-run your trade
- The contracts keep running no matter what happens to any one at AF
The numbers, through a rough stretch:
- >15% of all @SuiNetwork activity
- ~$8M daily volume
- $1M+ open interest
- ~40% APR with afLP TVL up 2x in two weeks, and outperforming the market
Unique markets that are hard to find anywhere else like: NIFTY, BAT, BP, PRL, with more coming.
We literally have NO MM deals. No private liquidity deals. Every reward we get goes to traders and anyone running their own MM bot. It's open to everyone.
Easier to start than ever:
- One click trading enabled automatically for new users with our new UI flow
- Public API https://t.co/XrvcVUNXHW an MCP & Skills for agents https://t.co/cTbwZWniu4
- Live on @tread_fi, more integrations soon
Aftermath is not a fork of anything. We've been building this since 2022, and with Mysten focusing on trading and helping us with gas we're shipping faster than ever.
https://t.co/JiCBIH022c
All Epoch 3 incentives and points have now been distributed across:
• Trading
• AFLP deposits
• Referrals
• Builder Codes
Epoch 4 begins today and runs for the next two weeks, with:
• 60k+ in trading rewards
• 60k+ in rewards for afLP depositors.
India 50 is live on Aftermath.
Go long or short with up to 10x leverage on India's benchmark stock index, tracking 50 of the country's leading companies.
Step one of cheaper fully onchain trading is live on @SuiNetwork.
This upgrade cuts non-refundable storage fees by 99%. We estimate a 60–70% reduction in total gas for quoting txs, making it cheaper for market makers to place, cancel and update orders on Aftermath Perps.
Lower costs make tighter spreads and deeper liquidity more economical. These are meaningful improvements for a fully onchain orderbook.
Big thanks to @mystenmark and the Sui team.
Weekly update. Two recoveries.
@AftermathFi bounced back after last week's drop. TVL went from 1.9M back to 4.7M in three days. 7d APR turned positive at +18% (was -26% last week). Only two weeks in the tracker and already through one full cycle.
@Lighter_xyz keeps climbing. 7d APR went from 5% to 31% this week. TVL steadily growing (73M -> 79M). 30d APR recovering too, back to 11% after last week's dip to 8%.
Elsewhere in the tracker:
- @paradex : 7d APR bottomed at -49% mid-week, back to -10% now. Still negative but the direction changed. TVL below 3M for the first time
- @Aster_DEX : back on the swings, +136% to -43% in a week
- @Backpack : 7d APR climbed back to 27%, 30d holding at 20%
- @Ostium : two months since the promised recovery plan, LPs still waiting
Daily numbers -> @cp0x_v2_bot
Aftermath Perpetuals V2 is live on mainnet.
15 markets on day one: BTC, ETH, SUI, NVDA, TSLA, GOOGL, gold, silver, WTI crude, the S&P 500, and more. Entirely onchain.
https://t.co/lBNQyOeUhd
.@CertoraInc has completed its security assessment of our Perpetuals V2 contracts.
This is the second independent audit of the protocol, conducted by a completely separate firm from @osec_io.
Full report below.
.@CertoraInc has completed its security assessment of our Perpetuals V2 contracts.
This is the second independent audit of the protocol, conducted by a completely separate firm from @osec_io.
Full report below.
With the relaunch we've had time to refactor & optimize v2.
So just an example here is a tx https://t.co/TgWnuS5OcH
That
• matched the buyer against two sell orders
• updated the order book
• updated the buyer’s and seller’s positions
• calculated trading fees
• updated total market open interest
• and settled everything atomically on Sui
All of that cost the user 0.000061772 $SUI in gas