Reya Network: The first trading-optimised L2, Liquidity Generation Event Launch
Achieving >30,000 transactions per second with inbuilt liquidity to support DEXs
London, UK | March, April 22nd — Reya Labs is launching Reya Network — the first ever L2 optimised for DeFi trading with deep shared liquidity, superior capital efficiency and lightning-fast transaction speed. Uniquely, DEXes building on top of Reya Network have instant access to pooled liquidity on the network from day 1, deepening the DEXes markets and improving traders experience’s. Moreover, with blocktimes of 100ms and throughput of up to 30,000 transactions per second — all achieved as a gas-free network — Reya Network not only becomes one of the fastest EVM rollups, but also removes issues as front-running and harmful MEV.
The Liquidity Generation Event (LGE) is live and accessible via the Reya dApp, allowing early supporters to stake capital into the Network. This bootstrapping event will kickstart the interoperable liquidity flywheel for future DEXes.
Backed by some of the best investors in the industry, including Framework Ventures, Coinbase Ventures, Wintermute Ventures and Amber Group, Reya Labs is founded by a team of DeFi OGs with multiple successful startups to their names, including Voltz Protocol, which grew to over $30B in volume within just 12 months.
“We believe that generalisable L2 can’t scale DeFi. Reya Network is optimised for DeFi trading only, meaning we’re able to improve performance and add a novel liquidity design into the network, creating the best network for DEXes to build on.”
-Simon Jones, Co-Founder and CEO of Reya Labs
Powered by a customised version of Arbitrum Orbit, on Gelato Rollup-as-a-Service Platform, Reya Network addresses limitations in network design by taking both a modular and holistic approach. This solves multiple issues plaguing modern day DeFi at once, such as liquidity fragmentation, lack of capital efficiency, slow transaction speed and clunky performance of DeFi apps.
Reya Network addresses the primary challenge facing modern DeFi: liquidity fragmentation. This issue arises with the launch of new DEXes on a generalisable rollup, resulting in shallower markets across exchanges. To tackle this, Reya Network integrates a unique liquidity pool directly into its network design, ensuring optimal capital utilisation.
Resolving other limitations inherent in generalisable networks, such as eliminating front-running and mitigating harmful-MEV risks. Its innovative passive liquidity pool mechanism guarantees efficient capital usage by providing instant shared liquidity across all DEXes within the ecosystem. This not only deepens market liquidity but also reduces barriers for protocol entry, enhancing the trading experience for users.
“It’s clear that in the future there are going to be many interconnected L1s, L2s and beyond. By focusing on the single use case of trading, Reya Network removes existing limitations of generalisable networks and adds new functionality to support DEX teams. We are looking forward to seeing Reya Network become the go-to network for all DEXes.”
-Michael Wu, Co-Founder and CEO of Amber Group
Introducing an unprecedented ‘interoperable liquidity’ flywheel, Reya Network promotes improved trading conditions for individual exchanges and their users through a shared liquidity system. This approach allows protocols to focus on product development and collaboration rather than competing for users and liquidity.
Moreover, Reya Network incorporates progressive margin engine logic, offering significant improvements in capital efficiency for both traders and liquidity providers compared to traditional DeFi platforms. Any DEX operating on Reya Network seamlessly inherits these advancements.
Furthermore, Reya Network aims to emulate the user-friendly experience of centralised trading platforms on decentralised infrastructure. With block times of 100ms and throughput of up to 30,000 transactions per second, Reya Network stands as one of the fastest EVM rollups in the DeFi space.
The Liquidity Generation Event (LGE) is set to last for two weeks. Afterwhich, the first perpetual futures DEX will go live on the network, allowing traders to trade against the highly liquid and capital efficient pool of capital embedded into Reya Network.
About Reya Labs
Reya Labs are the creators of Reya Network and Reya Perps DEX. Reya Network is a pioneering L2 solution tailored for DeFi trading, featuring extensive shared liquidity, superior capital efficiency and enhanced performance. The Network achieves 100ms blocktimes and >30,000 TPS making it one of the fastest EVM rollups around. It also provides DEXs with instant access to pooled liquidity on the network creating a unique ecosystem and interoperable liquidity flywheel, where each DEX building on the chain gets instant access to the pooled liquidity of the network in contrast to traditional generalisable networks.
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About Amber Group
Amber Group is a leading crypto finance services provider, specialising in digital wealth management and crypto-native liquidity solutions. The firm offers a comprehensive range of digital asset services, spanning liquidity provisioning, trading, financing, and investing. It is backed by prominent investors, including Fenbushi Capital US, Sequoia, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures, and Blockchain.com
About Arbitrum Foundation
The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and community with secure scaling for Ethereum. Introduced in March 2023, Arbitrum Orbit is a permissionless path for launching customizable dedicated L2 and L3 Orbit chains using Arbitrum technology. Arbitrum Orbit enables features such as custom gas tokens, dedicated throughput, customizable permissions, interoperability, and more by leveraging its secure, scalable, and cost-efficient blockchain scaling technology. More than 25 Orbit chains have been officially announced, and an additional 50+ are in active development to date.
About Gelato
Gelato is an all-in-one Ethereum Rollup as a Service Platform built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato Rollups allow anyone to build and deploy their fully serviced Layer 2 chains natively integrated with industry-standard Web3 tools and services launching a production-ready web3 development environment with one click.
