Entropy, the dark horse in the race of Solana public chain: Who will be the next king of decentralization contract trading platform?

Introduction: Almost all indicators have grown in the industry from COMP liquidity mining launched by Compound 1 year ago to the explosion of DeFi, which not only attracts the concerns of investors, users and regulatory authorities but also brings a chance to show DeFi’s market demand and potential to the whole world. DeFi is regarded as one of the tipping point of bull run，and DeFi’s value is mainly beared by DEX.

As known to all，Ethereum (ETH) has encountered some problems along with the expansion of its eco-system scale, such as the difficulty on scaling, which has troubled it for a long period. As millions of users flowing into DEFI, Ethereum gas fee and transaction waiting time dramatically increased , which compels players on ethereum chain to leave for “another paradise”. Innovation is primarily aimed to solve some existing problems. The issues faced by ethereum gave Solana and market a chance.

Through the new smart contract platform called Solana, which was established by Anatoly Yakovenko and Raj Gokal jointly in 2017, a consensus protocol PoH and 7 innovative technologies were developed exclusively. The technologies above, to a certain extent, make contributions to the change of the world’s financial system, which therefore becomes more innovative, efficient and democratic. With the rise of DeFi this year, Solana public chain starts to have a great vogue thanks to its high scalibility. As a result, ecological projects start to prosper and SOL price rises.

Apps on Solana chain started to prosper. Many different fields all switch their attention to the public chain TVL, which therefore grows further. In particular, DEX platform is said to make most contributions to TVL. With an occupation rate of 78.4%, DEX plays a dominant role in DeFi application. The platforms of DEX type always take the lead in Solana eco apps. Solana’s apps will become more prosperous with the settlement of more DEFI project.

Entropy is undoubtedly the most outstanding one among Solana’s all eco applications. As a leading decentralized exchange of Solana public chain, Entropy is a one-stop exchange based on Solana,with a combination of perpetual protocol, margin trading, leverage trading, spot trading, borrowing and cross-chain. Besides, Entropy was built with a variety of protocols, which attracts both constructors and users in Solana’s eco system by creating a super carrier of virtual eco system in virtue of its high computability.

Entropy, as a leading DEX in Solana eco system,which features a brand new Automated Market Makers (AMM) mode. The innovative CLOB runs on Solana. By utilization of CLOB , traders are allowed to submit the orders with indications, price and size.so as to make trading within control totally. It means that Entropy’s all orders are not controlled centrally but are programmed totally, for they can be matched with the orders of third party users automatically in virtue of smart contract. After sending its tender and quotation to Entropy’s CLOB, all the protocols with trading-related functions will get benefit a lot. It is because of Solana’s high extensibility that CLOB could probably be the cost and user experience. It is totally disperse and not trusted.

In addition to order book, Entropy is also designed with the function of cross-chain support, borrowing and DEX. However, for the time being, DEX is Entropy’s core business, and different from general DEX, the trading variety provided by Entropy is similar to the perpetual contract of CEX.

Order book mode is used to provide user with such functions as market price order, limit price order, stop gain/loss order, etc. and view a lot of charts including trading depth map, inventory, leverage rate, profits and losses realized and unrealized respectively and forced liquidation price, so as to enhance product smoothness speed to the most.

Overall trading experience basically has no difference with CEX. Furthermore, the price index is sourced from Serum, Huobi and Binance .Entropy took weighted data in order to ensure the fairness and transparency. The convenient grid trading components designed in Entropy DEX provide more flexibility for users and ensure their income for 24 hr.

Is Entropy more than DEX?

Essentially speaking, Entropy project is aimed to realize trading function, or in other words, defines itself as a DEX. To improve the whole trading ecology, Entropy also includes other corresponding infrastructure, including:

1. Native token ENT: It can be used for reducing trading costs or other purposes;
2. Cross-chain interchange: Interchange of cross-blockchain assets without the need of trust;
3. ETH and Solana can be integrated completely: Solana could make Entropy fast and efficient and interoperated with ETH’s ecological system or ERC20 token;
4. Cross-chain contract of physical delivery: Users are allowed to carry out margin trading on the basis of Entropy;
5. Extreme loan gateway protocol: Refers to aggregation extreme ecology with real-time fluidity mining protocol, and supports NFT PTP loan protocol and loan protocol with open source.
6. It can be easily concluded that the core of Entropy lies in [trading function] and [asset support]. It not only provides a whole set of decentralized trading system but also serves as the most important part of trading. In other words, the most important [assets] are meticulously designed and optimized to satisfy users’ rigid demand such as USD, Bitcoin (BTC), ETH and ERC-20 assets. Loan is bound to become the next highlight of Entropy.

Conclusion: At present, exchange mainly focuses on ETH major network. However, in consideration of the limited capacity, ETH hinders the further development and innovation of DEX. With the strong support of Solana, Entropy could accumulate strength in the race of DEX. In the upcoming prevalence of DeFi, Entropy will create its own ecological protection by integrating the fluidity and simplicity of DeFi leverage expected by perpetual protocol traders and AMM of DeFi system, so as to take the lead in the infrastructure aspect of DeFi financial field.

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