TechFlow news: It is reported that the number of testnet trading users on derivative DEX SubstanceX has exceeded 36,000, accounting for over 30% of Arbitrum Goerli's total interactions during the same period. The team announced plans to deploy on the Arbitrum mainnet in the near future, accompanied by mainnet launch activities such as discounted fees and trading airdrops.
SubstanceX is a decentralized derivatives trading platform focused on low entry barriers, superior user experience, and product simplification, delivering a centralized-exchange-like experience through a fully decentralized infrastructure. Its contract products offer up to 100x leverage, and its innovatively designed simplified options products make it easy for beginners to get started. Unlike traditional DEXs, SubstanceX supports multiple Web2 login methods including phone numbers and email addresses, and enables one-click trading via its "1 Click" feature, eliminating repeated wallet pop-up confirmations during trades. This achieves a user experience comparable to centralized platforms while maintaining full on-chain interaction, thereby avoiding the opaque asset custody risks commonly criticized in traditional CeFi platforms.
The core team of SubstanceX comes from established centralized exchanges such as OKX, Bybit, and Bitget, bringing extensive experience in trading product design and operations.
