DeriW Testnet Launch Sets New Standards in Decentralized Derivatives Trading

HONG KONG, March 13, 2025 /PRNewswire/ — DeriW, the world’s first zero-gas-fee decentralized perpetual exchange operated by CoinW, has officially launched its public testnet

Hong Kong, March 13, 2025 /PRNewswire/ -- DeriW, the world's first zero-gas-fee decentralized perpetual exchange operated by CoinW, has officially launched its public testnet. This marks a pivotal step toward a new era of DeFi derivatives trading. Unlike typical testnets, which are often limited trial runs, DeriW's testnet is a fully functional preview of its high-performance platform, highlighting improvements in usability, speed, and security. Early 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 designed to feel like a production-ready exchange. Usability is prioritized: traders can quickly connect their self-custody wallets and begin trading cryptocurrencies like Bitcoin and Ethereum with up to 100x leverage and a low 0.02% transaction fee. The platform offers multiple order types (market, limit, take-profit, stop-loss) and a diverse selection of tokens, ranging from major assets to emerging projects.

With its signature zero gas fee model, DeriW eliminates blockchain transaction costs, facilitating rapid order placement and frictionless trading, closely mirroring the experience of centralized exchanges. However, DeriW maintains the advantages of decentralization: users retain custody of their assets, and the platform's code is open-source and fully verifiable by anyone.

On the performance front, DeriW testnet showcases the platform's cutting-edge infrastructure, built on Arbitrum Orbit Layer 3 network (DeriW Chain) with optimistic rollup technology and a custom WASM/Geth-based architecture. In practical terms, this translates to extremely high throughput and low latency. With a capacity of up to 80,000 transactions per second, testnet traders can smoothly execute orders with minimal latency, ensuring the platform stays responsive even during intense trading activity.

Security measures are deeply integrated into the testnet, reflecting DeriW's priority. By building on Arbitrum's L3, DeriW inherits Ethereum's battle-tested security properties and decentralization. All trades and collateral remain on-chain under users' self-custody, eliminating the custodial risks found in centralized exchanges. 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 measures collectively provide testnet participants with confidence that the platform's performance comes without sacrificing safety.

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:

* While platforms like dYdX and FTX are known for their advanced derivatives products and user interfaces, their testnets typically have limited token variety and liquidity compared to centralized exchanges, making it harder to simulate real-world trading conditions.

* In contrast, DeriW testnet boasts a diverse token ecosystem from the start, with several new projects joining each week, closely mirroring the dynamism of the broader DeFi landscape. This allows developers to test their dApps in a rich environment and for liquidity providers to contribute to a deep market with minimal startup capital.

* Moreover, DeriW testnet prioritizes low latency and high throughput, crucial for a smooth user experience, especially during periods of heightened trading activity or large-scale events like Supernova that mobilize a significant portion of the testnet community.

Benchmarks and Performance Metrics in Context

Thanks to Arbitrum Orbit's efficient consensus and block production, DeriW's block time is expected to be on the order of a second or less, which is similar to other DEXs 0.2s block time advantage. Achieving near-instant finality is crucial for traders who might otherwise worry about timing and MEV (Maximal Extractable Value) issues. Although detailed latency stats are still being gathered, the user experience goal is clear: make on-chain trading on DeriW feel as immediate as trading on a centralized platform.

Another important metric is uptime and reliability during the test. The DeriW team is closely monitoring system uptime and recovery from any crashes or network issues. A robust exchange must handle network spikes, degraded conditions, or attacks without downtime. By publishing these performance metrics and comparing them with industry standards, DeriW intends to demonstrate transparently where it stands. So far, the absence of gas fees and high throughput capacity on testnet have enabled continuous trading even when simulating thousands of concurrent users – something that might clog less