VEX

Scaling spot markets while maintaining verifiability is hard. VEX is upgrading to @celestia underneath to solve this exact challenge.

Every trade VEX executes generates cryptographic proofs. Every proof needs reliable, high-throughput availability for users to verify independently. Celestia helps us achieve that.

@checkmatexxxxxx It is very much shipped, we have had an internal testnet being tested for more than 1.5 months now. Unfortunately tech is not the only thing that is required to get a product successfully to matket

VEX positioned itself as a “real-time verifiable exchange” building on Celestia for high throughput data availability. But today • No live product • No active trading interface • No visible codebase • Dormant socials No evidence of a rug just a concept that never shipped. In crypto, ideas are cheap. Execution is everything.

Crypto markets have always been designed around scarcity. Execution, data, trust, usually some combination of all three. Scarce blockspace meant batching, hiding state, compressing intent, pushing the real market offchain while pretending the chain was the source of truth. With Fibre Blockspace, that tradeoff just stops mattering. When data availability is abundant and ordering is transparent with strong guarantees, you don't have to choose between speed, fairness, and verifiability anymore. You can publish every state transition, every fill, every cancellation, every proof without treating the blockchain infra like . It also changes what can be traded. Markets have been limited to assets that tolerate latency and cost. When that constraint lifts, you can price anything that moves at internet speed and clear it at internet speed too. Attention, compute, bandwidth, agent actions. But the bigger shift is who markets get built for. When the ledger keeps up, you stop optimizing for intermediaries and start optimizing for participants. Traders, agents, applications, all on the same surface, same rules, same time. This is why @Trade_VEX is built on Celestia. Fibre isn't about bigger numbers on a benchmark. It's about removing the last excuse markets had for being opaque. Abundant blockspace doesn't just scale markets. It forces them to become honest

Thanks to new cryptography, we developed a DA product that hit 1Terabit/s in blockspace throughput. This enables new kinds of onchain markets that weren't possible before, not just crypto trading. 1 tps for every human on earth.

Introducing Fibre: 1Tb/s of blockspace

Dec 21 - Blobfest has officially concluded. Thanks for partaking. Keep an eye out for @bulletxyz, @Trade_VEX, and several others decide to officially launch for the masses. I’m excited for what @celestia $tia and the community have in store now that @musalbas is in founder mode!

12/ 1️⃣2️⃣ @Trade_VEX upgraded to 𝗖𝗲𝗹𝗲𝘀𝘁𝗶𝗮 underneath to scale its spot markets while keeping trades verifiable. By using Celestia’s data availability layer, VEX can publish cryptographic proofs reliably at high throughput, allowing users to independently verify every trade.

gVEX Intern is ready to spread the gospel of zk proofs and verifiable orderbooks x.com/Trade_VEX

@2_Cosmonautes gVEX chief

@Trade_VEX gVEX

Global capital markets powered by zero knowledge and blockchains will win

@CryptoDresner 🫶

@Trade_VEX Bring it on, VEX

Verifiable trading engines ftw!

Always trust the math Always trust what you can verify

@divine_economy @crickhitchens Gm David

@crickhitchens nobody is gonna deny how useful separate DA layers are to new chains but my question is around how many are using modularity to focus on competing with solana for performance which are the CLOBs?

in retrospect, the irony of the modular thesis is that nobody in modular-land actually acted on it yes, separating settlement, DA, and execution lets you build a more performant execution environment but the only chain seriously focused on that rn is an L2 on ethereum megaeth

DEXs are plagued with many inefficiencies and UX problems 1. Slow fills 2. MEV attacks 3. Slippage Roulette 4. Failed txn fees VEX solves for this Verifiable fairness + Real Execution Speed

if you can't verify it you don't control it

This is something we have been working very very hard on for some time, and glad that it will be finally out soon. Call it the appchain thesis, fractal scaling, the evolution of the rollup centric roadmap, "It's all just Bridges" or just FAST ORDERBOOKS GO BRRRRRRR...to each their own From the very start of VEX, we wanted a differentiator that set us aside from other CLOBs. Something that is unique to us and would eventually become our architectural moat. There are many more components to being a successful product, still have to figure those out. This is just validation that the original vision was in the right direction. An experience that rivals centralized operators A system that cannot cheat the user Faster, cheaper, more secure than the competition All on crypto native rails Still here, still building, still hungry.

The future of trading is Fast and Verifiable

22k real time provable TPS has been achieved internally 22k signatures 22k orders 1 second Now let’s double it

@0xairtx @crickhitchens @AftermathFi Offchain with zk proofs doesn't make it any less secure than on-chain. It's faster than onchain and you can add privacy as an offering

@crickhitchens @AftermathFi @Trade_VEX

.@AftermathFi perpetuals is FINALLY going live with pre-deposits opening later this week (more on this soon). Here's why we built on Sui, and why it's the only VM that can actually run a fully onchain orderbook. When I say onchain, I mean fully verifiable ordering and matching governed by the Sui validator set. No offchain sequencer or a gated API. Everyone talks about "fully onchain orderbooks," but most chains can't run one without blowing up gas, latency, or both. Sui is the first L1 that makes it practical. Not as a demo, but in production. Although we built our own more efficient CLOB data structure, DeepBook (spot) has been running for over a year with solid results: dune.com/airtx/deepbook… The key is Sui's object model. Every market is a separate object. Every order is an object. Markets don't contend with each other. BTC-perp trades don't block SUI-perp trades. While fills within a single market still need ordering, there's no global lock serializing all state updates. EVM can't do this. Its account model means validators can't determine upfront which transactions are independent, forcing serial execution of everything. Since each market object evolves independently: -Deterministic sequencing per-market -No cross-market contention -No global queue slowdown -State transitions only touch relevant objects Mysticeti v2 eliminates the "single proposer decides ordering" problem most chains suffer from. Every validator proposes every round. Consensus commits leaders deterministically. All validators determine order locally = all validators see the same result = deterministic ordering for matching and settlement. x.com/ConcurrentXYZ/… PTBs + storage rebates = unreal savings. A bot canceled 4 orders and reposted them. One repost matched against 8 orders from other users. The storage rebate made the transaction net negative. That's not possible on any other chain. x.com/b1ackd0g/statu… On Sui: -Storage is rented, not burned -Canceling or matching returns storage -Users can get paid when state is cleaned up -PTBs make multi-action batching extremely cheap This makes trading actually viable onchain. What I hope people take away from the pain and suffering we've experienced while building this thing since 2022 is: -because every market is an object, anyone can build their own API. -No centralized gateway. -No private matching engine. -All matching lives onchain. Liquidations, funding, market orders, perp positions, AFLP. All shared and tokenized. This isn't possible on systems where CLOB logic lives offchain. -Programmable cancel priority. We expose an explicit fee knob: makers can pay a known premium (set in-contract) for cancel priority. It’s transparent and priced with no opaque operator favors. Finally, what we all care about: Launch. AFLP is Sui's first community owned perpetual market maker. By depositing into the vault, you provide liquidity and act as a liquidator across our perp markets. Pre deposits will open end of week, with details on how to deposit coming tomorrow.

Some preliminary benchmarks

VEX had open sourced a Metal accelerated backend for S-Two by @StarkWareLtd - fully optimized for Apple devices, from MacBooks to iPhones. 🚀 Early benchmarks already show big gains, and this is only the beginning. Repo below 👇 Our goal is simple: make the world’s fastest prover even faster. Over the next few weeks we’ll be rolling out OpenCL and CUDA backends targeting AMD and NVIDIA GPUs, bringing high-performance proving to every major hardware class.