Bullet mainnet: the onchain Nasdaq on Solana
Quote365 words
Explains Bullet's network extension: a custom Rust runtime on the Sovereign SDK, Celestia DA, SP1 ZK proofs and Solana settlement, with maker-priority sequencing and dedicated blockspace. Mainnet rollout is gated by deposit caps.
Key claims
Sub-1ms soft confirmations
Maker orders are prioritized over takers
Mainnet gated with deposit caps while systems are hardened
The onchain Nasdaq is being built on Solana.
And it just went live.
@solana regularly dominates DEX volumes, and billions in value flow through it daily.
But nearly all of that is spot activity. When it comes to perps, the ecosystem has been stuck.
AMM-based DEXs offer wide spreads and poor capital efficiency.
CLOB-based alternatives on L1 choke the moment volatility picks up because they're fighting for blockspace with every memecoin on the network.
The biggest DeFi ecosystem in crypto has hence had no professional-grade derivatives venue...
Until now!
Because @Bulletxyz approaches things differently.
Rather than fighting L1 constraints, they built a network extension: a dedicated execution layer that processes trades in its own environment while anchoring settlement back to Solana.
The architecture is fully modular, each component purpose-built for its role:
- Bullet Core: custom Rust runtime powered by @sovereignxyz SDK and with sub-1ms soft confirmations (very fast)
- Celestia: high-throughput data availability at low cost
- Succinct SP1 zkVM: cryptographic proofs of every state transition, making sequencer honesty mathematically verifiable
- Solana: final settlement security
This unlocks things structurally impossible on a general-purpose L1.
Application-specific sequencing prioritizes maker orders over takers, fundamentally reshaping the MEV landscape.
Dedicated blockspace means Solana congestion has zero impact on execution. Full CLOB, integrated lending, cross-margin, professional order types.
It's the trading infrastructure Solana deserved from the start, built by a team that already proved they can ship at scale.
What that means for you?
Mainnet rollout is underway now.
It's gated with deposit caps while systems are hardened tho.
If you signed up for the waitlist, sit tight, the team will DM you as spots open.
Otherwise, find access codes to get in (check team member accs).
All I'll say here is that if history is any guide, being an early user on infrastructure like this tends to be rewarded.
With @a1research__ we also published a full deep dive on Bullet's architecture covering the entire stack.
If you want the technical breakdown:
x.com/a1research__/status/1973786141485670702
@a1research__ To ensure faster access if you're on the sidelines: DM Bullet's main account and/or to register through the app to get in when the team opens more seats.
Remember: the earlier the better.
QUOTING @Bulletxyz
Perps Trading on Solana is about to change for the better. Mainnet is live. Here's how you can get in early 馃憞 t.co/ATa5dnDIzM
Perps Trading on Solana is about to change for the better. Mainnet is live. Here's how you can get in early 馃憞 t.co/ATa5dnDIzM
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What came next 路 since 12 Feb 2026
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Zero has written 1 more piece on Bullet since this one.