Zeta Markets: Plans to launch derivatives trading L2 Zeta X on Solana in the first quarter of next year

Zeta Markets, a derivative protocol built on Solana, announced its plan to launch a decentralized derivative trading Layer2, Zeta X, on the mainnet in Q1 2025, and released a whitepaper. Zeta X will use Solana's L1 for data availability and settlement, while processing execution through an off-chain zkVM compatible matching engine. ZEX, a new token launched by Zeta Markets, will also serve as the native token for Zeta X.