Ekiden
TestnetUnauditedEkiden is an orderbook-based hybrid perpetual-futures DEX on the Canton Network, pairing an off-chain CLOB matching engine with deferred on-chain settlement. Currently in beta on testnet with simulated funds.
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The Problem
On-chain derivatives venues struggle to match the execution quality (latency, throughput, orderbook depth) that professional desks and market makers expect from centralized exchanges, forcing a trade-off between performance and self-custody/transparency.
The Solution
A hybrid design: an off-chain CLOB matching engine delivers low-latency, high-throughput execution, while deferred on-chain settlement on Canton anchors an Orderbook Root Hash and verifies each trade with Merkle proofs for auditability.
Why it Matters
First institutional-grade perpetuals CLOB on the Canton Network, with a novel off-chain-matching + on-chain-Merkle-settlement architecture aimed squarely at algorithmic and market-maker flow. Still pre-mainnet (testnet beta) and unaudited.
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View allFrequently asked questions about Ekiden
What is Ekiden?+
Ekiden is a DEX protocol operating on Canton Network. Ekiden is an orderbook-based hybrid perpetual-futures DEX on the Canton Network, pairing an off-chain CLOB matching engine with deferred on-chain settlement. Currently in beta on testnet with simulated funds.
How does Ekiden work?+
A hybrid design: an off-chain CLOB matching engine delivers low-latency, high-throughput execution, while deferred on-chain settlement on Canton anchors an Orderbook Root Hash and verifies each trade with Merkle proofs for auditability.
Is Ekiden safe?+
DeFi Sentinel rates Ekiden C with a safety score of 28/100, indicating rated risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. DeFi Sentinel's analysis flagged 9 high, 4 medium, 3 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Ekiden?+
Ekiden has a DeFi Sentinel safety score of 28/100 (rating C), last updated July 14, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Ekiden support?+
Ekiden is deployed on Canton Network.