What is Ethereal?

Ethereal is a decentralized exchange offering institutional-grade performance (sub-20 ms latency, ~1M orders per second) with DeFi-enabled self-custody and security guarantees. Ethereal’s vision is to become the ultimate all-in-one DeFi money app offering perpetuals, spot, borrow/lend, and RWA products alongside yield strategies and other DeFi primitives within a single vertically integrated platform.

Product Overview

• Perpetual futures – the beta release for Ethereal offers perpetuals trading with institutional grade performane, deep liquidity, and reward-bearing margin powered by USDe

• High-throughput, low latency – order matching is handled inside Ethereal's application-specific sequencer for CEX-like speed with onchain security guarantees

• DeFi everything app - spot, borrow, lend, RWA, and other USDe-based products roll out in subsequent product releases

Ethereal Chain

Ethereal is deployed as an EVM appchain with the following configuration:

• Settlement via Converge

• Arbitrum execution environment

• Celestia data availability

This configuration enables the level of configurability and customizability necessary for Ethereal's full product vision while ensuring scalable, high-performance trading with security inherited from Ethereum.