Zeta Market is a Perpetual Exchange (Perp DEX) on the Solana blockchain. It's known for fast and affordable transactions, attracting both regular traders and big investors to the crypto world.
What is Zeta Market
Here's how it works:
- Leverage on Assets: It offers up to 20x leverage on five assets: BTC, ETH, SOL, APT, and ARB.
- Central Limit Orderbook (CLOB): Unlike Automated Market Makers (AMMs), Zeta Market has a fully on-chain CLOB. This means better pricing and execution for trades.
- Developer-Friendly: Developers can easily create trading bots using Zeta's tools. They offer Software Development Kits (SDKs) for Python and TypeScript, and support Cross Program Invocation (CPI).
- Solana Ecosystem Involvement: Zeta Market contributes to Solana’s growth. Users can stake their SOL tokens through Zeta’s node to earn rewards.
In short, Zeta Market combines Solana's benefits with innovative features, making it an attractive platform for trading and building in the crypto market.
Team of Zeta Market
Tristan Fizza
Co-founder
Tristan is a co-founder of Zeta Market. In the past, he worked for Atlassian as a machine learning scientist, a Machine Learning Engineer for Lumaway, an AI coach company, and an AI Researcher for Nearmap, a high-resolution aerial imagery company.
Funding of Zeta Market
Zeta Market review
Pros
Speed & Affordability
Utilizes Solana for quick, low-cost perpetual transactions.
Limited Rivals
Faces minimal competition in the Solana-based perpetual DEX space.
Developer-Friendly
Open-source SDK and CPI allow building of trading bots.
Cons
TVL Drop
Sharp decrease in Total Value Locked from $15M to $1.2M within 2023.
Regulatory Concerns
Potential future regulations in DeFi and Perps could impact operations.