KriyaDEX, launched in 2022 on the Sui blockchain, is a decentralized exchange specializing in derivatives like perpetuals, futures, and options. It uses a non-custodial order book model, enabling users to trade under-collateralized derivatives with up to 20x leverage. Key features include its order book system for price discovery and liquidity, support for perpetual pairs (with plans for options and other derivatives), a focus on user experience improvements in DeFi through diverse order types and product offerings, and KriyaSwap, an AMM for spot trading. The platform boasts low latency, processing around 100 transactions per second on its development network.
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