Ekiden Launches Testnet with Decentralized Hybrid Exchange for Institutional DeFi Trading

Ekiden has launched on the Canton Testnet, introducing a decentralized hybrid exchange for institutional DeFi trading. This platform combines an off-chain Central Limit Orderbook with deferred on-chain settlement to provide professional-level speed, transparency, and capital efficiency in spot and perpetual markets.

Ekiden's features include fast order matching, Merkle-based proofs, vault-based fund management, API access, and self-custody. The platform also offers volume-based fee tiers, maker rebates, market-share incentives, and a VIP program for active traders and liquidity providers.

The testnet is live with full functionality, allowing early users to claim free USDCx test funds and start trading perpetual futures. Ekiden's trading activity is already being tracked, including volume, PnL, ROI, trading XP, referral XP, total XP, and leaderboard rankings.