Decibel, a commercial protocol on the chain, started with activities on the Aptos Devnet, in which spot trade, perpetual futures and revenue strategies are combined in a single interface.
The test environment, inviting for the time being, offers simulated access to cross-margin trade, composite safes and fast order version. The system is designed to simulate centralized exchange performance while maintaining the transparency of decentralized financial defi.
The introduction comes at a time of the growing demand for high -performance infrastructure on the chain. According to data in the industry, decentralized exchanges (DEXS) saw more than $ 876 billion in volume in the second quarter, with weekly Defi activity that surpasses $ 48 billion over more than 14 million portfolios.
The platform is supported by the Decibel Foundation, which supervises the development of the protocol, and Aptos Labs, the team behind the low-1 blockchain on which it runs.
Naturally built on aptos, decibel is positioned as a core part of the financial infrastructure of the blockchain. According to the developers, the platform is intended to function as an implementation layer in addition to Aptos’ Stablecoin Payments Systems and Shelby, the decentralized protocol for data storage.
“We are not only building another trading platform – we are making the implementation layer,” said Oliver Bell, administrative director at the Decibel Foundation in a press release.
Decibel architecture is designed to tackle common pain points such as fragmentation and poor capital efficiency. It supports a multicollateral system and allows safe deposits to serve as collateral.
APTOS Labs has contributed to building the protocol and will continue to support its development under an agreement with the Decibel Foundation. The team behind the project says that future upgrades are aimed at scaling up performance to 1 million orders per second, with blocking Sub-20MS goals that, if met, could set decibel on the same basis with centralized top level stock exchanges.
