KriyaDEX is a decentralized exchange (DEX) that specializes in trading derivatives such as perpetuals, futures, and options. It was established in 2022 and operates on the Sui blockchain, utilizing a non-custodial order book model. This allows users to trade under-collateralized derivatives with significant leverage options, specifically offering up to 20x leverage on trades.

Key Features

• Order Book Model: KriyaDEX employs an order book system designed to provide a more traditional trading experience similar to centralized exchanges but in a decentralized manner. This model enhances price discovery and liquidity management.

• Trading Capabilities: The platform currently supports trading for multiple perpetual pairs and aims to expand its offerings to include options and other derivatives. The trading environment is optimized for minimal latency, achieving approximately 100 transactions per second on its development network.

• User Experience: KriyaDEX focuses on improving the user experience in decentralized finance (DeFi) by providing various order types and product offerings. It aims to aggregate liquidity effectively while minimizing risks associated with custodial services.

• Additional Products: Alongside KriyaDEX, the project has introduced KriyaSwap, an automated market maker (AMM) for spot trading.