Overview
Deriverse is the only fully decentralised, permissionless & self-custodial trading platform on Solana, bringing reduced transaction fees and failures, streamlined high-frequency trading, cost-effective trading structure & comprehensive trading tools tailored for all.
At Deriverse, we are a group of former high frequency traders, developers & token economics designers. We have been thinking hard about the most pressing challenges in the Solana trading ecosystem and beyond. Our key learning has been that the Solana ecosystem lacks a truly decentralized trading solution. On top of that, the Solana trading ecosystem suffers from a variety of problems:
High Transaction Failure Rates: Daily, 35% of transactions on Solana fail, disrupting trading activities and undermining trust in platform reliability. 92% of failed transactions are attributed to traders making >5k transactions/day. In other words, it’s the high frequency traders who suffer the most.
Prohibitive Costs for Asset Listing: Listing new assets on existing platforms like Raydium can cost up to 3 SOL, a barrier for many asset creators. There are 36.4m crypto assets today and we’re on pace to have 100m by the end of 2025. However, many would-be asset creators are priced out of the action.
Inefficient High-Frequency Trading: Traditional DEXes require multiple transactions to manage positions, slowing down operations for market makers. Market makers need to make multiple transactions to close old positions and open new ones, i.e. to replace their orders and update their quotes.
Excessive Fees for High-Frequency Traders: An average fee of 5 bps on perpetual DEXes significantly impacts the profitability of high-frequency trading operations. High frequency traders have very small margins, often <5bps. This means that DeFi high frequency traders are often struggling to be profitable, as high fees kill their compounded returns over time.
We believe these problems can be addressed by the already available Solana technology. This is why we have decided to build Deriverse, the only fully decentralized, permissionless and self-custodial trading platform on Solana. Deriverse leverages the full technological prowess of Solana to address these inefficiencies through four core value propositions:
Reduced Transaction Fees and Failures: By optimising compute units, Deriverse cuts down the cost of listing new assets by 90% and significantly reduces transaction failure rates.
Streamlined High-Frequency Trading: The Deriverse platform supports versioned transactions, allowing traders to manage multiple instruments under a single index, with one transaction. This efficiency is crucial for strategic trading such as hedging perps with options or combining various trading instruments seamlessly.
Cost-Effective Trading Structure: Deriverse introduces a revolutionary subscription model where traders can pay taker fees up-front, reducing trading fees by up to 10x. This model is especially beneficial for high-volume traders seeking to maximize profitability, reducing cost for them, while increasing predictability of revenues for Deriverse.
Comprehensive Trading Tools Tailored for All: Deriverse is a comprehensive all-in-one trading ecosystem designed to cater to the needs of all Solana traders and take any asset through its full financial lifecycle, from launching, through spot trading to derivatives.
Launchpad: For new tokens and assets, providing a streamlined, low-cost entry point, with 0 admin role from the founding team.
Spot Trading: Quick and efficient trading with a wide array of assets.
Derivatives: Perpetual swaps, options, and futures: full asset flexibility with advanced financial instruments, all on-chain, under one roof.
Deriverse Testnet offers options, futures & spot trading.
Deriverse Mainnet v1 will offer perpetual swaps & spot trading.
Deriverse Mainnet v2 will offer perpetual swaps, options, futures & spot trading.
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