Zeta Markets unveils appchain ZX built on Solana infrastructure

Derivatives decentralized exchange Zeta Markets today announced the launch of Zeta X (ZX), a layer-2 solution aimed at transforming decentralized derivatives trading. According to the announcement, the blockchain will be launched in early 2025.

“Our goal with Zeta X is to redefine the performance standards of decentralized trading. It is Zeta Markets’ next milestone to push the boundaries of decentralized finance on Solana. By taking the inherent strengths of Solana’s Layer 1 and harnessing the power of a purpose-built L2, ZX will provide traders with an unparalleled experience in terms of speed, efficiency, and security,”, said Tristan Frizza, Founder of Zeta Markets.

ZX employs an optimistic rollup strategy on Solana, adding zero-knowledge proofs to ensure trustless on-chain settlement. By utilizing Solana’s mainnet for data availability and an off-chain matching engine, ZX is set to offer centralized exchange-like performance with the advantages of on-chain trading, including self-custody and transparency.