The platform’s v2 allows sub-second trades and trading without a crypto wallet, the company said.
Decentralized orderbook exchange Bluefin’s upgraded version called “v2” went live on the Sui network, the company Tuesday said in a press release.
The first version of the platform – Bluefin v1, which lets users trade perpetual swaps on Ethereum scaling network Arbitrum – will remain active, the company said. Bluefin’s development comes at a time when crypto trading volumes have dropped significantly as the grueling bear market drags on. DEX volumes averaged at around $10 billion per week recently compared to topping over $60 billion last November, according to
Bluefin’s v2 claims to improve the speed with so-called “optimistic trade confirmations,” settling the trade on the platform’s user interface in advance before finalizing it on the blockchain The platform’s redesigned off-chain orderbook layer can start sending optimistic confirmations of trades in around 30 milliseconds back to users, then ensuring the trade with the on-chain smart contracts in around 480 milliseconds, the press release explained.
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