ImperialPerps' ARMADA prop AMM surpasses $14M in volume in 7 days
Summary
The Solana-based exchange ImperialPerps has announced that its newly launched prop AMM, ARMADA, has achieved over $14.1 million in notional volume in just seven days. ARMADA utilizes a prop AMM model to enhance market depth by drawing liquidity from cross-chain venues, combining Solana's efficient performance with the features offered by various DeFi platforms. In addition to its unique trading model, ImperialPerps supports advanced order types, comprehensive profit and loss tracking, and community incentives, further integrating its operations across multiple perpetual futures venues.
Tokens
$SOL
Analysis
ARMADA: ARMADA is a proprietary automated market maker (prop AMM) developed by ImperialPerps for perpetual futures trading. It draws liquidity from external cross-chain decentralized finance sources to improve order book depth and offers low-fee execution directly on Solana. Solana: Solana is a high-performance blockchain platform optimized for speed, scalability, and low transaction costs in decentralized applications. It serves as the base layer for ImperialPerps, enabling the exchange's perpetual futures trading and the ARMADA prop AMM to operate efficiently with on-chain execution. ImperialPerps: ImperialPerps is a Solana-based trading terminal focused on perpetual futures markets. It recently launched the ARMADA prop AMM product, which routes trades to source deeper liquidity from cross-chain venues while maintaining all activity on the Solana blockchain. Trading Features: ImperialPerps provides advanced order types, detailed profit and loss tracking, and community incentives alongside its core perpetuals terminal. Product Innovation: ARMADA applies a prop AMM model to perpetual futures by combining Solana's performance with liquidity sourced from other DeFi venues. Ecosystem Integration: The platform routes orders across multiple perpetual futures venues while keeping all transactions settled on the Solana blockchain.
Categories
cryptosolanadefiperps
Related sources
- https://solanafloor.com/news/imperial-raises-1-5m-seed-round-bringing-7x-deeper-liquidity-solana-perps-market
- https://x.com/i/status/2108266318579552578
- https://x.com/i/status/2108266277576004055
- https://x.com/ImperialPerps/status/2101798989108801800
- https://x.com/i/status/2108266244252332177
- https://x.com/i/status/2108266399223238902
- https://x.com/Ronin9x/status/2105932337477550179
- https://cryptobriefing.com/imperial-seed-round-solana-perps/
- https://x.com/ImperialPerps/status/2102409408429113533
- https://x.com/i/status/2108266397092450482
- https://x.com/i/status/2108266351424950378
- https://x.com/i/status/2108266342084497825