Last updated on March 6th, 2026 at 04:34 pm
Chake Protocol has launched a new Layer 1 blockchain built for crypto derivatives trading. The project aims to move prime brokerage services fully on-chain, combining trading, margin, and settlement directly at the base layer of the network.
The team says most crypto trading platforms were built on blockchains that were not designed for high-speed derivatives. Automated market makers made trading simple but often lacked accurate price discovery. Orderbooks improved pricing but struggled with speed and matching limits. Perpetual futures introduced leverage and funding rates, yet many systems still face congestion and slow execution during busy periods.
The architectural trajectory from automated market makers to orderbooks to perpetual derivatives and finally to fully onchain prime brokerage finds its logical culmination in Chake Protocol. Earlier automated market makers privileged deterministic liquidity curves over price… pic.twitter.com/lfRq4Ojncr
— Chake Protocol (@chakeprotocol) February 19, 2026
Built for high-speed derivatives trading
Chake Protocol says its network can process more than 2.5 million transactions per second. Instead of handling transactions one by one, the system runs many transactions at the same time when they do not overlap. This allows order placements, margin updates, and funding payments to happen in parallel.
The matching engine is built directly into the blockchain, not added as a separate app. This reduces delays and removes extra steps between smart contracts. The network also uses compressed state updates to lower data usage, helping it keep high throughput without weakening decentralization.
The protocol says this setup allows liquidations and funding changes to settle quickly and within clear time frames, which is important for large derivatives markets.
Unified cross-margin and capital efficiency
Chake Protocol offers unified cross-margin accounts that work like on-chain prime brokerage. Traders can manage multiple positions from one account. Risk is calculated across the whole portfolio, which may lower margin needs when positions offset each other.
Liquidity providers act more like risk managers than simple market makers. Funding rates are processed in batches across open positions to reduce system strain.
By combining speed, risk control, and capital efficiency at the base layer, Chake Protocol is aiming to reshape on-chain derivatives trading.
In another on-chain development, Lighter launched the world’s first perpetual futures contracts for South Korean blue-chip stocks, including Samsung Electronics, SK Hynix, and Hyundai Motor.
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