Zeta Markets, a Solana-based perpetual futures exchange, has launched a testnet for Bullet, a low-latency network extension, with a mainnet planned for early Q2. This development arrives as Zeta Markets faces stiff competition from Hyperliquid, a layer-1 perps DEX that processed significantly higher trading volume last week. Hyperliquid's operation, secured by four validator nodes in Tokyo, has raised centralization concerns. Zeta's co-founder, Anmol Singh, noted Solana's previous struggles with reliable perps DEX solutions. Bullet claims a latency of 2ms, contrasting Hyperliquid’s 200ms median; however, the actual performance remains untested in real-world conditions. Bullet aims to support lending and spot trading, indicating a trend of diversification among DEXs, with others like Drift also expanding their offerings. This shift is critical as DEXs realize a single product may not sustain a successful business.

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