Ekiden Launches Mainnet, Introducing Order Book-Based Derivatives on Canton Network
- Ekiden launched its mainnet as the first order book-based derivatives exchange on Canton Network.
- In its first week on the testnet, Ekiden recorded over 72,000 trades and approximately $8.9 million in trading volume.
- The platform is designed for professional trading firms, market makers, and institutional desks seeking advanced execution workflows.
- Ekiden raised $2 million in a seed round to develop infrastructure for on-chain derivatives.
- The platform integrates central limit order book and request-for-quote settlement with API connectivity for various trading participants.
As institutional interest in digital assets grows, Ekiden’s launch aims to enhance the existing on-chain derivatives landscape by providing deeper liquidity and improved execution quality tailored for professional traders.
With over 1,500 active users during its initial testing phase, Ekiden is set to expand its offerings and deepen liquidity through partnerships with market makers.(Source)
