Leya builds ultra-fast DEX based on "based rollup"

Derivatives decentralized exchange Reya announced the world's first based-rollup DEX, enabling high-speed, institutional-grade trading while maintaining the security of Ethereum without sequencer risk or opaque execution processes. All transactions are verifiable through custom ZK-circuits, and Reya explains that it achieves transaction speeds of less than 0.1 milliseconds, 100 times faster than existing platforms, providing an optimal environment for institutional investors conducting high-frequency trading (HFT). Reya offers access to over 70 markets and a sophisticated cross-margin system in a zero-fee environment. It has achieved a daily trading volume of $1.5 billion and a cumulative trading volume of $60 billion. Meanwhile, Reya plans to hold a token offering (TGE) of $300 million in FDV in the last week of March.