Injective has entered into a strategic collaboration with Marlin in order to enable truly unparalleled trading speeds on the derivatives DEX.
Currently, unreliable networks and long block propagation delays continue to hamper throughput and vastly limit transaction speeds as a whole. This is an especially salient issue within the DEX space where traders require fast transaction times in order to capitalize on trades. However, the current DEX landscape is riddled with platforms that fail to achieve these requirements, thereby leading to poor user-experiences and low levels of long term practicality.
A case in point is Uniswap, where transactions face enormous bottlenecks due to throughput issues. High gas fees tend to exacerbate matters further and make trading on Uniswap impractical in many ways. This also leads to institutional adoption roadblocks as most advanced trading firms and market makers will shy away from DEXs if they cannot offer similar robust structures that are currently available in centralized exchanges.
Unparalleled Trading Speeds
Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and web 3 applications. Marlin is a unique layer 0 protocol that allows blockchain-based networks to achieve higher scalability and throughput. The team is also a fellow Binance Labs portfolio company and is backed by leading VCs such as Electric Capital.
The Injective Chain itself was created to support high throughput that surpasses all other exchanges today. This bespoke network enables us to support a fully decentralized derivatives exchange while retaining the speed functionalities of centralized counterparts. Marlin aids in taking these speeds one step further.
Marlin’s SDK provides a plug-and-play networking alternative to increase the throughput of all blockchains with minimal protocol changes. This is especially compelling given that Marlin can seamlessly integrate with the Injective Chain to enable speeds that are not possible in any other DEX today. In addition, Marlin can also help provide traders with a low-latency channel to communicate with exchange nodes, which would help introduce a high-frequency trading (HFT) trading like experience in DeFi as users would be able to place or revise orders in a matter of milliseconds.
“The team at Marlin and Injective have been close since our incubation days in Binance labs. It is amazing to see just how far we have come over the past year. I am certain that Marlin’s layer 0 tech coupled with Injective’s unparalleled decentralized derivatives exchange will lead to limitless new opportunities for us both moving forward,” said Injective Labs CEO Eric Chen.
Injective can also aid Marlin in expanding its network to a plethora of new users. This collaboration also allows Injective to begin the integration process for Marlin’s native POND token to be added to Injective. Users will soon have access to new derivative products that interact with the POND token as an underlying, thereby helping to increase the overall utility of POND itself.
“Injective is by far the most innovative DEX being developed bringing bleeding-edge research into practice with layer 2 designs and front-running resistance. With the enormous volumes it is expected to generate from trading stock derivatives, as evidenced in its Solstice testnet, we couldn’t have thought of a better project to work with for our foray in DeFi.”, Siddhartha, CEO at Marlin.
This is an exciting outlook for Injective as a whole as the community looks ahead. Combined with Marlin’s technology, it is expected for Injective to reach unprecedented speeds and throughput.
About Marlin Protocol
Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0. Marlin aims to deliver on the promise of a decentralized web where applications secured via the blockchain are indistinguishable in terms of performance to users accustomed to Web 2.0. Marlin was incubated by Binance Labs and is also backed by the likes of Electric Capital in Silicon Valley.
Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban.