Zeta Markets Launches Solana-Based Layer 2 Solution Zeta X (ZX)

BlockBeats news, on May 24, the decentralized derivatives trading platform Zeta Markets released the design outline of its Layer 2 expansion plan Zeta X (ZX). ZX will expand the trading scale of decentralized perpetual contracts by building an optimistic rollup on Solana and using zero-knowledge proofs to achieve trustless on-chain settlement. The rollup will use an off-chain matching engine to achieve performance comparable to that of centralized exchanges, while leveraging the transparency and security of Solana L1 for data availability and settlement. The main features of ZX include high throughput (up to 10,000 TPS), low latency (soft confirmation time of 3-5 ms), seamless trading experience, high capital efficiency (up to 50x leverage), and proof of reserves. In addition, Solana was chosen as the L1 infrastructure mainly based on its low operating costs, fast block generation time, and a large amount of available funds in the Solana ecosystem.