Tristan Frizza, Founder of Zeta Markets, on Solana’s DeFi Layer 2 Plans, Perpetual Trading, and 2024 DeFi Summer | Ep. 336
In an exclusive interview with Cryptonews, Tristan Frizza, the Founder of DeFi platform Zeta Markets, an on-chain options trading protocol on the Solana blockchain, discussed how he came to build on Solana, encouraged by a chat with the chain’s founder.
He talked about Solana’s congestion issues, building the first Solana L2, and how this will benefit Zeta and the wider community.
In early 2021, Frizza started building on Ethereum, wanting to create a derivatives exchange.
However, he soon realized that that product would not scale on the Ethereum mainnet. The team got in touch with various rollup providers, but these were years away from launching.
Frizza decided to look into different chains, finding Solana as “the real outlier.” As an engineer, he thought of Solana as a very interesting blockchain, even though much smaller at the time.
Day 43 of daily posting until @ZetaMarkets $Z TGE
Zeta Markets is almost the #1 perps dex on @solana in 24h volume. In fact in a sea of red for 7d and 1m change, Zeta is the green candle with 39% and 128% WoW & MoM growth.
We must give thanks to our users who continue to… https://t.co/8lQv2jsZZg pic.twitter.com/QnHtV3X535
— 0ximran (ζ, ζ) (@imranfaststart) May 13, 2024
Interestingly, Frizza reached out to people in the Solana team, hopping on a call with co-founder Anatoly Yakovenko himself.
Chatting with Yakovenko and learning more about his professional background further encouraged Frizza to build on Solana.
“I’m like, I definitely want to build where this guy is building,” he said. “It seems like he has a great team, and they’ve got a great vision.”
Solana enabled them to build a network that’s scalable, fast, well-performing, and has lower fees.
Also, Yakovenko eventually became Zeta’s angel
Read more on cryptonews.com
