Introducing DipCoin: The Next-Generation Decentralized Perpetual Trading Platform on Sui

Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto.

In the rapidly evolving landscape of decentralized finance (DeFi), DipCoin emerges as a disruptor in next-generation decentralized trading with its innovative design philosophy and robust technical architecture.

Designed as a high-performance decentralized exchange (DEX) specifically for the Sui ecosystem, DipCoin combines the efficiency of traditional centralized exchanges (CEXs) with the transparency and security of blockchain technology, offering traders an unprecedented decentralized trading environment.

As a rising star in the DEX domain, DipCoin is quickly gaining recognition for its unique approach to perpetual trading, an instrument typically associated with CEXs. However, despite the growing interest in perpetuals within the crypto community, most DEXs have yet to introduce them due to technical and legal complexities.

Nevertheless, with its advanced technology and close collaboration with market makers, DipCoin has successfully launched perpetual futures on the Sui ecosystem, setting a new standard for decentralized derivatives trading.

I. Vision and Positioning of DipCoin

Amid the common challenges faced by traditional DEXs—such as insufficient liquidity, high latency, and poor user experience—DipCoin is committed to building a user-centric platform that sets new standards in efficiency, transparency, and control.

Key pain points in the current DEX market include:

• Low liquidity: Many DEXs rely on Automated Market Maker (AMM) mechanisms, leading to shallow liquidity pools and high slippage for large trades.

• Poor user experience: Complex interfaces, slow transaction confirmations, and high gas fees create friction, especially for new users.

• Speed and cost issues: Traditional DEXs struggle with network congestion during peak loads, resulting in delays, failed transactions, and prohibitive costs for high-frequency traders.

• Instability during volatility: Technical limitations make it difficult for many DEXs to maintain stable trade execution and price discovery during market turbulence.

Running on the Sui blockchain, DipCoin capitalizes on its high throughput and low latency to enable millisecond-fast transaction confirmations, ensuring stability even in volatile markets. Its professional matching engine processes tens of thousands of trades per second, delivering a seamless experience comparable to top-tier CEXs.

Furthermore, to maintain optimal liquidity, DipCoin has established partnerships with leading market makers, who contribute significant trading volume and deep liquidity to the platform. This, in combination with its advanced order book model, significantly enhances liquidity beyond typical DEX performance and minimizes slippage for large trades.

Additionally, it supports multiple order types (market, limit, stop-loss) and optimizes cross-chain transactions to reduce bridging complexity, offering users an efficient and streamlined trading experience.

II. Core Features

1. Revolutionary Wallet Management

Most blockchain wallets today are cumbersome and difficult to use, requiring users to remember seed phrases, handle private keys, and adjust settings for different devices. However, DipCoin’s wallets are designed with optimal usability in mind:

• 3-second setup: Create and access wallets via Google accounts or passkeys—no seed phrases or private keys to remember.

• As little as 3 seconds is all it takes to set up a new wallet on any device.

• ZK-powered login ensures wallet addresses remain uniform across all devices.

• Upcoming fiat on-ramp: Users will soon fund wallets directly with credit/debit cards, drastically lowering entry barriers.

2. CEX-Like Perpetual Trading Experience

Perpetual futures are a key innovation in modern crypto trading, offering traders the ability to maintain leveraged positions without time limits, similar to traditional financial markets.

Despite the growing interest in perpetuals among traders, most DEXs have yet to introduce them due to technical and legal complexities in areas like risk management, liquidation, and capital efficiency. However, with its advanced technology and close collaboration with market-making institutions, DipCoin has successfully launched perpetual futures on the Sui ecosystem.

Having already integrated professional market makers into its ecosystem, DipCoin can rapidly deploy deep liquidity to the stability pool via market-maker partnerships. This ensures that even during periods of high volatility, there is always sufficient liquidity in the pool to accommodate traders’ needs.

Moreover, the advanced risk management system ensures smooth and efficient operations, while the economic model is designed to provide a mutually beneficial outcome for both market makers and liquidity providers.

3. Breakthrough Order Book Functionality

In contrast to AMMs, which rely on automated pricing and liquidity provision, order books are used by CEXs to facilitate direct interactions between buyers and sellers. This allows for greater price precision and deeper liquidity, especially at times when there is high demand.

However, due to the technical difficulties involved in building an efficient order book on a decentralized chain, most DEXs have focused on AMM technology.

Despite the challenges, DipCoin has managed to integrate a professional-grade order book system into its DEX, combining the best aspects of AMM and order book models for optimal results.

This hybrid system, powered by advanced algorithms and a decentralized architecture, ensures efficient matching of buy and sell orders, even during periods of high market volatility.