Zeta Markets: A Full Look & The Inside Word

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18 Jul 2024
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Cryptocurrency can be risky due to market volatility and lack of regulation. Use reputable platforms, avoid emotional trading, and only invest what you can afford to lose. Be cautious and remember, not your keys, not your crypto.


Solana airdrop season is in full swing, and for some people, it’s been a great one. Plenty of projects have done initial drops, and there have been a lot of surprise entrants as well, with team $BONK and team $CWIF carrying out a number of surprise drops over the start of the season.

If you’re a farmer, that’s probably great news for you. But for those of us looking for legitimate projects with solid potential to support, it can get pretty murky, pretty quickly. While roadmaps can be a great help, most are crammed with large amounts of documentation that can take even the fastest of readers quite some time to work through.

So, in times like this, we turn to our community. While we shouldn’t take anyone’s word as correct and continue to research projects on our own, what we can do is get a feel for where the community is at, what’s getting people hyped and what’s keeping people bearish. We will, of course, receive information about the latest rug, and have people try to lighten our wallets, which we’ll have to avoid, but we should also get some good information from known community members to help us make good choices along the way.

Now with that said, we’re going to do a walk-through on one of our favourite Solana projects, ZETA markets. Zeta isn’t just a perp trading platform, it’s a team with a plan and thankfully for us, they are all too happy to talk about it. So sit back, have a read and we’ll share some of our thoughts on why this is a great project to keep an eye on. Then, at the end, we’ll look at some of the thoughts from the Zeta team from previous interviews as well. There’s a lot to cover, so let’s get started.

The Beginnings

It might surprise you to realise that Zeta is just three years old. However, the story of this project’s beginning is also worth a mention. Coming off the back of the second Solana Hackathon, the team weren’t just participants. Having a solid plan with core features meant they won the hackathon outright and the wheels for what we now know as Zeta Market were now set in motion.

It’s also worth mentioning the difference in the market back then. With Solana being reasonably new and the market, in general, going through some rough patches, building projects on Solana took a clear vision and a long-term belief in the Solana ecosystem. After the crash that came shortly after hitting an all-time high, some people thought the Solana would struggle to recover.

While in 2024 it’s easy to look at SOL as a strong De-Fi contender, the reality is that even just a few years ago, it was a lot harder to make the same argument. Rather than buy into the hype though, most projects simply got on with the job of building their products, confident in a long-term bounceback.


Not Your Average Drop

If you’ve been in crypto for a while, you probably recognize the pattern. Points start, Whale capital flows in, airdrop occurs, and liquidity flows out. For some projects, it’s a tale as old as time. But this season we’ve seen more. Projects don’t just want your liquidity anymore. They want your loyalty, and even in some cases like governance issues, your opinions. And the best bit is, they are willing to pay for it. Jupiter, Sanctum and Zeta are looking to shape their business by engaging with the most important part of any business plan. The community and target audience. We can see this in the way that the initial airdrop was structured.


This strategy meant that right from the start Zeta was building an engaged community. You’ll see why this is so important when we take a look at some of the plans. The team has continued to evolve their roadmap for the future, intent on making some serious changes to leave it better placed for the long term.

As a De-Fi convert, some of these changes are quite exciting, as they should leave Zeta as the place to trade on Solana.



Zeta-X The Future

If you’ve taken your own look at the Zeta Whitepaper then you might already be aware of this. If you haven’t read it though, it’s worth a read because several big changes should be implemented over the coming months, making the Zeta experience smoother than it already is. We’ve included a picture of the Zeta roadmap above to help you get a feel for what’s coming next.

It’s worth mentioning that at the moment, the Zeta experience is already pretty good. With fast transaction speeds and low gas fees, the foundation is already there to make things great. However, Zeta-X aims to solve one of the current Solana problems, which is dealing with congestion issues when the transaction rate remains high.

To expand on this though, Zeta-X isn’t just a brand. It’s aiming to be Solana’s first L2, bringing an even faster trading experience to its users. While this thread explains it best, we’ve broken some of it down for you in the article.




As we can see, from the tweet it’s all about the user experience. Having their own L2 means less latency, and higher throughput leading to increased transaction rates and a large increase in overall capital efficiency. It also leaves Zeta in a unique position to capitalise on the popularity of Solana De-Fi, as for many an all-in-one solution is exactly what they’ve been looking for. Newcomers, in particular, will find this useful as they’ll be able to experience much of what crypto has to offer in one place.

Simplifying the onboarding process for newcomers has much to offer to the crypto world, and projects like this are largely responsible for making it happen. As you might imagine, it’s reasons like this that give most of the community a bullish sentiment on Zeta looking ahead.

It’s also important to mention that the already launched #ZEX token plays a large part in making this happen. Not only will it be integral for staking and governance, but it will be a key part of making the rollup process happen smoothly. So, if you’ve already staked #ZEX you’re well placed to be involved in future activity. We’d encourage you to make the most of the governance process as well, as community feedback is a huge part of ensuring we get the platform that we want.

If you’d like to learn more about the plans for Zeta-X, you can do so by browsing the links included below.

Read the Zeta-X Litepaper

Read the promo Tweet on Zeta-X

Join The Zeta Discord

Read the Zeta Blog

Join Zeta


From The Team

While compiling this article we took the time to look at some previous interviews with the team to ascertain their thoughts on a few things. You can check these out below and, if you’d like to read the full interview, source links for all quotes are included below.

Q: On Zeta-X
A: "By taking the inherent strengths of Solana’s Layer 1 and harnessing the power of a purpose-built L2, ZX will provide traders with an unparalleled experience in terms of speed, efficiency, and security." Link

Q: The End Goal for Zeta
A: Zeta Markets aims to become the leading DEX for perpetual contracts, capitalizing on the shift from centralized finance (CeFi) to decentralized finance (DeFi). With over $10 billion in trading volume and 125,000 monthly active users, the platform plans to scale through the launch of Zeta X.” Link

Q: Is Solana is moving toward becoming “The” place to go for accessing De-Fi?
A: “I think it’s a case of when not if at this stage. Looking at the recent runup, the appreciation in the price of Solana is nothing short of staggering and isn’t showing clear signs of slowing down. Even when the larger crypto market pulled back over the weekend, Solana held very steady despite the bloodshed which indicates very strong buyer demand.” Link

Lastly, a huge thanks go to team Zeta for taking the time to provide creators with the resources they needed to compile their articles. As you can see, the team is hard at work refining their product. Now, it’s on us to start using it. LFZ!🔥

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