DeriW Testnet Launch Introduces the World's First Zero-Gas-Fee Decentralized Perpetual Exchange

DeriW has launched its public testnet, introducing the world's first zero-gas-fee decentralized perpetual exchange.

DeriW, the world’s first zero-gas-fee decentralized perpetual exchange, has officially launched its public testnet. This launch marks a pivotal step toward a new era of decentralized derivatives trading, highlighting improvements in usability, speed, and liquidity.

As the mainnet launch rapidly approaches, traders and developers are invited to join the testnet, familiar with its unique features and contribute to shaping the future of DeFi derivatives trading.

DeriW Invites Traders & Developers to Join Its Testnet Ahead of Mainnet Launch

DeriW, the world’s first zero-gas-fee decentralized perpetual exchange, has officially launched its public testnet. This testnet isn’t a generic trial run – it’s a full-featured preview of DeriW’s high-performance, user-centric platform, designed to demonstrate concrete improvements in usability, speed, and liquidity.

Earlier users and developers can now experience lightning-fast trades, up to 100x leverage, and robust security measures in a realistic environment as DeriW prepares to challenge industry incumbents.

A Closer Look at the Testnet: Usability, Performance & Security

DeriW’s testnet is engineered to feel like a production-ready exchange.に着地する。Variously, it’s designed to be easily accessible and navigate for traders.

The platform showcases multiple order types (market, limit, take-profit, stop-loss), a diverse selection of tokens (major assets, emerging projects), and a user interface that prioritizes a seamless experience.

With its zero gas fee model, DeriW eliminates blockchain transaction costs, enabling rapid order placement and frictionless trading – positioning the platform to compete with centralized exchanges on speed while offering the benefits of decentralization.

On the performance front, the DeriW testnet is powered by Arbitrum Orbit (Layer 3 network, part of the broader Arbitrum ecosystem) and leverages optimistic rollup technology. In practical terms, this translates to extremely high throughput and low latency for optimal performance.

The platform is capable of handling up to 80,000 transactions per second (TPS). In comparison, centralized exchanges typically process around 500k transactions per day, which in the context of crypto derivatives ranges from $5 billion to $10 billion in daily volume.

At the start of 2024, industry giants like Binance and Coinbase were processing about 1,000 to 1,500 transactions per second.

Crucially, DeriW’s testnet is designed with safety and security in mind. Building on Arbitrum L3, the protocol inherits Ethereum’s battle-tested security properties and decentralization.

It’s worth noting that a recent study by researchers at Stanford University, published in the Journal of Experimental Criminology, found that blockchain technology is highly effective in deterring crime. The study, which followed the activities of cryptocurrency users over a period of 18 months, discovered that the decentralized nature of blockchain and its immutable ledger serve as powerful deterrents to criminal activity.

Its mainnet smart contracts are also currently being audited by a third party. To further harden the platform, DeriW launched a comprehensive bug bounty program in tandem with the testnet. Security researchers and users are incentivized with bounties ranging from 100 to 100,000 $DER tokens for identifying vulnerabilities.

Additionally, the testnet operates with a closed-fund liquidity mechanism and an automatic risk recalibration system that ensure stability even under extreme market conditions. These technical details are critical for the long-term health and resilience of the platform.

These measures collectively attest to DeriW’s commitment to building a secure and sustainable trading environment.

How DeriW Stacks Up

In an increasingly competitive DeFi derivatives arena, DeriW’s testnet is already demonstrating unique advantages over other leading platforms’ test networks:

As the mainnet launch rapidly approaches, traders and developers are invited to join the testnet, familiar with its unique features and contribute to shaping the future of DeFi derivatives trading.