The first batch of opBNB ecosystem projects, decentralized derivatives market MEKE, has launched its public beta testing activity.

Source: MEKE

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In the past year, the most popular area in the cryptocurrency market has been the Layer 2 network track. The Layer 2 network, also known as L2, aims to solve the problems of low concurrency, slow processing speed, and high gas fees in first-layer networks such as Ethereum and BNB Chain. Therefore, the emergence of L2 has brought more possibilities to the cryptocurrency market.

Whether it was last year's Optimism or this year's Arbtirum, both have caused a stir in the market. The hype around L2 is not only due to its improvement in blockchain performance, but also the platform tokens it airdrops, which have caused quite a sensation in the market. With the emergence of some top-tier applications on L2, the entire industry has taken a big step forward.

In a layer network, Ethereum and BNB Chain are both in the first tier, and BNB Chain is definitely a candidate capable of competing for the first place with ETH. Recently, BNB Chain launched its own L2-OpBNB, a chain-based derivative trading protocol named MEKE, which has been under development for many years and has been deployed on the OpBNB test network. MEKE has passed the security audit of the globally renowned auditing company Certik and started its first public beta on July 31. The test activity will end on August 10. The launch of MEKE's public beta has brought a significant increase in trading volume and activity to the OpBNB chain. Early participants in projects such as DYDX, Optimism, and Arbtirum have received considerable feedback from it, and MEKE may have become the primary target for participants in the OpBNB ecosystem.

What is MEKE?

MEKE is a chain-based derivative trading platform developed by a US team in 2021. It can be used to trade perpetual contracts of various mainstream cryptocurrencies such as BTC and ETH. In the future, it also considers trading futures of physical assets such as gold, oil, and US bonds.

1. The trading system is developed through smart contract, and the entire trading process is executed through smart contract. The transaction is open, transparent, traceable, and cannot be tampered with by anyone.

2. User-friendly, with a trading experience similar to centralized perpetual contracts, users only need to understand basic wallet operations to smoothly use MEKE for contract trading.

3. The classic order book model is adopted to make transactions more visual and in line with the trading habits of financial professionals, making data analysis more accurate.

4. Self-developed powerful trading engine makes trading smoother and more concurrent.

除了以上之外，MEKE's deployment on OpBNB is also a major highlight. While there are already quite a few products on the L2 market of Ethereum, OpBNB was only launched in the past month. OpBNB was launched by the original team of BNB Chain, with a block time of 1 second and a gas fee for transfers as low as $0.005. It can process over 4000 transactions per second (TPS), and its performance has surpassed existing scaling solutions.

According to relevant data, the daily trading volume of perpetual contract trading in the cryptocurrency industry is nearly 100 billion US dollars, which is more than twice that of spot trading. The profit generated by perpetual contracts in the entire market is a considerable number. However, decentralized derivative trading, which accounts for only about 2% of the entire market, undoubtedly has great development potential in such a large market.

MEKE has started its first public beta test on July 31st and will end on August 10th. Due to its huge market potential and technical core, MEKE has gained widespread attention globally. As a result of MEKE's public beta test, the trading volume on the entire OpBNB test chain has also increased significantly.

Due to the limited issuance of MEKE platform tokens, the platform has designed a unique issuance mechanism, and the earlier one participates, the more generous benefits will be obtained. Currently, its public beta is underway. For the latest updates, please join the MEKE official community.

Official website: https://meke.io

Telegram: https://t.me/MEKE_Global

Discord: https://discord.gg/meke

Twitter: https://twitter.com/MEKE_PROTOCOL

This article is from a submission and does not represent the views of BlockBeats. Participation in the new ecosystem should be cautious, and users should handle their personal assets properly.

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