Zeta Markets Launches Zeta X (ZX), a Solana-based Layer 2 Scaling Solution
Zeta Markets, a derivative protocol on Solana, has released the design outline of its Layer 2 scaling solution, Zeta X (ZX). ZX will expand the trading scale of decentralized perpetual contracts by building an optimistic rollup on Solana and using zero-knowledge proofs for trustless on-chain settlement. The rollup will use off-chain matching engines to achieve performance comparable to centralized exchanges, while leveraging the transparency and security of Solana L1 for data availability and settlement. ZX's main features include high throughput (up to 10,000 TPS), low latency (soft confirmation time of 3-5 ms), seamless trading experience, high capital efficiency (up to 50x leverage), and reserve proof, among others. In addition, the choice of Solana as the L1 infrastructure is mainly based on its low operating costs, fast block generation time, and the availability of a large amount of funds in the Solana ecosystem.
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