Source: Bluefin

Bluefin's Bluefin Classic tour is excellent. Thanks to all early users and the trust and support of the Arbitrum ecosystem. Bluefin Classic will officially end on December 20, 2023, UTC 1:00. Users can manage their accounts and positions as needed before January 20, 2024, UTC 1:00 (see here for details). Bluefin's focus will now shift to Bluefin v2, supported by Sui, with the goal of achieving the vision at the beginning of v2 release, providing traders with higher performance, lower cost, and a user experience comparable to Web2.

Bluefin v2 has achieved the following since its launch:

- December growth: the average daily trading volume reached 103 million US dollars, occupying over 80% of the market share in the Sui ecosystem DEX track.

- Performance: Approximately 550 milliseconds of final determinism, with a peak TPS of 5,400+.

- Walletization: Users can register and trade directly using their Google account.

- Lower execution cost: The Gas fee for v2 is less than 0.005 USD, currently fully sponsored by the Bluefin Foundation.

Bluefin is committed to building a decentralized trading platform for professional and novice traders. Sui's performance and emphasis on user experience are highly consistent with Bluefin's. Given the rapid increase in liquidity and trading volume on Bluefin v2, Bluefin will gradually end Bluefin Classic and focus on new feature releases and product upgrades on Sui.

2024 Q1 Outlook

Since its release in September, Bluefin v2 has successfully processed over $2.3 billion in transaction volume. The team aims to establish a decentralized trading platform that can rival centralized ones in terms of user experience and capture market share, with strong support from the Sui Network. The major upgrades will focus on releasing new features, overcoming performance limitations, and improving user experience:

Expected early February

Account Abstraction: zkLogin, Free Wallet, Built-in Cross-Chain Bridge, One-Click Trading. Users do not need a wallet and can register and trade with their Google account, allowing Bluefin to bring the security advantages of decentralized trading to a wider range of cryptocurrency derivatives markets.

User Interface Optimization: Web and mobile UI optimization, real-time position updates, order and position display charts, brand new depth charts, comprehensive funding rate charts, market and index candlestick charts, message notifications.

Expected by the end of March

Breakthrough performance and full-margin trading: 30 millisecond trading, full-margin trading, independent sub-accounts, and more trading pairs. Users will receive transaction confirmations within 30 milliseconds and achieve on-chain transaction verification within 550 milliseconds. Due to parallel execution (with a current throughput of over 5400 TPS), the Bluefin platform can also minimize latency even in extremely volatile market conditions.

Redesigning the On-Chain Transaction Experience

As mentioned above, Bluefin will redefine the user experience of on-chain trading platforms through excellent performance and usability. Bluefin hopes to make significant progress in achieving this goal early next year.

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