2024: The Year We Built Solana's First L2 Network Extension
As we approach public testnet, here’s a look at what we’ve achieved so far building Bullet—a high-performance trading layer for Solana: 🧵
Zeta Markets
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Zeta Markets
@ZetaMarkets
Trade crypto like never before. Zeta lets you trade all your favorite assets at lightning speed without compromising security.
Joined September 2024
- Tune in to find out where Bullet fits in to the Solana L2 vs network extension debateIntroducing the morning talks for SVM at Devcon. We cooked. Deep intellectual panels. Contentious. Provoking. Emotional. Event link in last tweet 👇 First up, L2s vs Network Extentions @EdFelten + @Tristan0x, we'll skip past the semantics.
- We're going fasterIn trading, being right isn't enough. Being first is everything. Introducing Pyth Lazer: 1ms price feeds that make speed your edge. See first. Move first. Learn more ⬇️
00:00 - Solana DEXs hit $27bn in volume yesterday, smashing previous ATHs. A year ago, this was unthinkable—IBRL is working. But today’s congestion shows there’s still work to be done. Bullet, a fully verifiable trading layer, will help Solana keep pace.
- One step closer to mainnet! Our initial performance tests are coming in hot—transactions are already happening 2x faster than you can blink 👀. Devs are hard at work optimizing; next stop: 5ms!Initial performance testing for @bulletxyz is looking promising. 95% of transactions executed in under 47.5ms, so confirmations at ~1/8th the duration of a Solana mainnet block. Bunch more optimisations to do and we should be able to get down to our goal of 5ms p95
- The final epoch for Zeta is here! As we evolve into @bulletxyz and prepare for Bullet's mainnet we will be winding down the Zeta Markets platform on the 1st of May. The final epoch features 1M $ZEX in rewards.
- Check out @Tristan0x 's article for an inside look at how Bullet works and how it stacks up against other high-throughput L2s launching this year
- 1/ Say Solana and you say speed, efficiency, and security. With unrivaled performance and transaction costs that are mere fractions of a cent, Solana is engineered for scalability. So, why would it need Layer 2s? 🧵👇
- With Bullet testnet fast approaching, we wanted to share an update on the progress we've made over the past month. Here's what the team has shipped 🛥️: 🪙 Token Standard: We have successfully implemented token standards, allowing for the seamless sending and receiving of tokens
- Replying to @ZetaMarkets7/ What’s Next? In 2025, expect: -Q1 public testnet -First ZK proofs posted to Solana L1 -Mainnet launch of Solana’s first network extension: Bullet. We’re just getting started. The future of trading on Solana is here.
- 1/ Introducing our vision and roadmap for Zeta X on Bullet. Our goal with Zeta X is to create the home of leveraged trading on-chain, where choosing transparency and security doesn't mean compromising on performance. Read on to explore the path ahead🧵
- Replying to @ZetaMarketsKey Dates: 9th April - minor markets will be halted and settled. 17th April - major markets enter reduce only mode. 1st May - all markets are halted and settled. Read More:
- Replying to @ZetaMarkets6/ Why It Matters Solana is emerging as the traders' chain, but it lacks the scalability to surpass CeFi: congestion, transaction failures, and latency continue to hold it back. Bullet reflects our commitment to scaling Solana for traders, delivering a professional trading
- increase bandwidth, reduce latency 🫡
