“@Solana has simply lacked a reliable and performant perps DEX,” @ZetaMarkets co-founder Anmol Singh said in an email. “[Hyperliquid] has shown where the bar is, Bullet pushes this bar further.”
Read more about building BULLET via @blockworks : https://t.co/X2HMW3uCzJ
Alright when I told you @bulletxyz was going to be the fastest rollup on the planet I wasn't joking
We promised to improve from 50ms median execution latency to 5ms. But we lied and got it down to 1.76ms 😎
- 200x faster than the L1
- 10x faster than Binance
HFT on @solana 🔜
1/ @ZetaMarkets is making a bold bet, redesigning its perps DEX from the ground up. Could Zeta X be an inflection point for the protocol?
- Built on Bullet, an ultra-low latency rollup on Solana
- CEX performance meets DEX security
- Mainnet expected in Q1 2025
Let's dive in 👇
6/ Dev numbers tell a clear story.
-Solana is #1 for new devs.
-Total devs? A 2 horse race: Ethereum #1, Solana #2 in every continent.
-Ethereum devs down 17% YoY
..got a sneaking suspicion where they're going. We might need a dev migration chart next year @MariaShen… 👀
4/ ZK is heating up.
-2,000+ monthly devs in ZK ecosystems.
-On-chain ZK deployments are up 16x since 2020.
-Contract usage is still early-stage but growing steadily.
Next year, expect Solana to join the ZK charts, thanks to new L2 @bulletxyz
2/ Trading activity is booming.
-Total DEX volume almost doubled in 2024, hitting $209B/month.
-Solana overtook Ethereum, with $574B traded (Jan–Oct 2024).
-Solana users trade more often—81% of all crypto DEX transactions in Oct (646M trades!).
8/ @bulletxyz isn’t just a solution for Zeta X—it’s a blueprint for how zk-rollups can transform blockchain scalability. With Solana’s zk cryptography as its backbone, Bullet provides a high-performance execution layer for modern trading, delivering both speed and security for DeFi.
7/ Bullet also ensures decentralization, with zk proofs verifying off-chain operations. All trades, cancellations, and updates are validated and can be trusted when settled back on Solana’s L1.
Users can independently verify the validity of all operations, safeguarding against manipulation or fraud.
6/ Off-chain execution brings reduced congestion, allowing Solana’s L1 to run more efficiently. And ensures order book updates and trades are executed with near-instant responsiveness, rivaling CEXs.
5/ Bullet takes zk-rollups to the next level by offloading Zeta’s order book from Solana’s L1, cutting latency by two orders of magnitude - essential for high-frequency trading and market making.
4/ Solana is uniquely positioned to support zk rollups because:
-Supports zk Primitives: Solana integrates zk-related syscalls & efficient cryptographic curves like alt_bn128, which are critical for zk proof generation and verification.
-High-Performance Layer 1: Solana’s unparalleled throughput and low latency ensure that the base layer can handle the demands of zk-rollups without becoming a bottleneck.
3/ At its core, zk cryptography achieves scalability without compromising security. zk-rollups like Bullet can process massive volumes of transactions off-chain, while keeping them verifiable on-chain.
2/ Solana is emerging as a leader in zk cryptography, with tools & infra that can scale ultra-low latency blockchain apps. @bulletxyz combines a high-speed execution layer with Solana’s security & verifiability, unlocking the full potential of DeFi, starting with Zeta X.
1/ We’re using zk technology to expand whats possible for on-chain derivatives trading on Solana, offering unbeatable low latency, high throughput, security, and low transaction costs. Here’s how zk is reshaping the future of DeFi on Solana🧵