Bulk Trade is developing a Solana-based perpetual decentralized exchange that embeds its order-matching engine directly in validator nodes. Built on Bulk-Agave, a fork of the Jito-agave Solana validator client, the platform adds a Bulk Tile plugin that handles order matching and liquidations in parallel to normal validation. Orders are split into eight shards, propagated via UDP, and matched on a fixed 20-millisecond "matching tick," achieving latency comparable to centralized exchanges while preventing front-running. The CLOB supports USDC-margined perpetual contracts, offers gas-free order placement through APIs and CCXT, includes self-trade prevention, and settles trades on-chain after a 25-40 ms economic confirmation. Delphi Digital notes Bulk refreshes every 20 ms versus the 400 ms typical on Solana DEXs, ensuring displayed liquidity is fully executable until explicitly cancelled. Validators can run Bulk without forfeiting Jito MEV revenue and earn additional fees from order flow, aligning incentives across the ecosystem. The product is currently in closed beta with a public testnet expected to launch soon.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026