Since PoseiSwap was launched on Nautilus Chain, the overall market of this DEX has been progressing very smoothly. We have seen that it not only received the first round of financing of $1.5 million from Zebec Labs at a valuation of $10 million in April. And this month, with the help of the Zebec ecosystem, it has received another round of financing of an undisclosed amount from Gate Labs, Emurgo Ventures, Republic and Cipholio Ventures at a valuation of $25 million.
As the first DEX on Nautilus Chain, PoseiSwap has received resource support and inclination from Nautilus Chain and Zebec ecosystem because of its grand narrative direction.
PoseiSwap's Worldview
In fact, PoseiSwap has taken the future-oriented and industry trend-oriented development as its main narrative direction since the early days of the protocol launch. It is undeniable that Web3 and Web2 will eventually be integrated and mutually beneficial, rather than a substitute relationship. Therefore, how to further promote the integration of the Web3 world and the Web2 world, and how to make Web3 facilities serve Web2 users without barriers, must be one of the main trends in the future development of the industry.
PoseiSwap itself is positioned in the DEX sector. From the perspective of the development of the DEX field, a single service for crypto natives with homogeneous functions is just reinventing the wheel, which is definitely meaningless for the development of the industry. Therefore, in order to serve a wider range of users, PoseiSwap hopes to support transactions for a wider range of assets through compliance and privacy. At present, there are not many industry facilities in the industry that have both compliance and privacy features. Occupying the early market during the window period is also expected to help PoseiSwap take a leading position in the early development of the industry.
Therefore, PoseiSwap itself has distinct narrative characteristics and is trend-setting, which is why PoseiSwap was regarded as a highly valued project by well-known capital in the industry during the financing period.
Nautilus Chain, a modular chain of Layer3 architecture, is the first choice
PoseiSwap hopes to break the bottleneck of crypto-native and give its own ecosystem greater freedom and scalability. Obviously, both the existing Layer1 and the Layer2 built around it are difficult to meet the requirements. The Nautilus Chain, which is characterized by Layer3 architecture and has customizability and modularity, is providing PoseiSwap with the possibility to realize its vision.
Nautilus Chain is the first Layer3 chain in the current crypto industry, which was launched and incubated by the Zebec ecological community. Zebec Protocol, which is positioned as a streaming payment and aims to reduce the global gap between the rich and the poor, has conducted in-depth exploration on Solana in the early days and achieved quite dazzling results. In order to better serve the Web3 world and accelerate the integration of the Web2 and Web3 worlds, Zebec Protocol is also gradually planning to develop from a protocol to a public chain. In addition to expanding and migrating to public chains such as BNB Chian and Near, the launch of Nautilus Chain is an important step towards this goal.
From the perspective of features, Nautilus Chain is the first parallelized and fastest running EVM Rollup L3 expansion solution. As the first modular chain, storage, computing, consensus, etc. are all in different modules, which means that it can obtain higher scalability and expansion capabilities, and further improve network throughput, security, and privacy on the basis of Layer2. According to the "Triton" test network data, during the test period, the Nautilus Chain TPS data was above 2000. Nautilus not only uses Celestia modular bottom layer, but also uses ZK Rollup technology to increase privacy. Therefore, when applications in the ecosystem want to achieve more functions, reduce operating costs or enhance security, and obtain more sovereignty, developers can more widely choose the right solution from a package of modules, so as to choose to develop DAPP-Chain or DAPP-Rollup or DAPP-Subnet.
Nautilus Chain is bringing more customized features to PoseiSwap based on Layer3. Through the package of modules provided by Nautilus Chain, PoseiSwap can achieve highly customized features. For example, it can no longer be bound by the limitations of the underlying layer during development, and can create a DAPP-Chain that independently serves PoseiSwap's own DEX business, and build a more decentralized order book to expand trading functions. Compared with the modular underlying layer built on StarkEX, Nautilus Chain's solution is more interoperable and has better performance (compatible with EVM), and can achieve more complex functions and logic.
Zk-Rollup is one of the technical features of Nautilus Chain. Based on the Zk-rollup solution, PoseiSwap uses zero-knowledge proof technology to compress on-chain data and package multiple transactions into one proof, thereby greatly improving the throughput of the on-chain order book. This is particularly important for the high-frequency trading market, which can effectively alleviate network congestion, increase transaction speed, reduce transaction costs, and ensure transaction verifiability and privacy.
In addition, ZK-rollup technology itself does not rely on specific nodes or entities to maintain the order book, so it has certain advantages in terms of decentralization. In addition to decentralization and efficiency, Zk-rollup also further gives PoseiSwap advantages such as security, high interoperability, and privacy.
On the other hand, PoseiSwap uses Nautilus Chain as the underlying layer, which is more advantageous than other DEXs based on ZK. Nautilus Chain itself can provide more secure and efficient computing power, and the modular design further gives PoseiSwap customized features, which is unmatched by other DEXs.
Based on ZK, PoseiSwap currently integrates the OFAC compliance module and is expected to allow more real-world assets to be traded in RWA in a compliant manner.
Therefore, the Layer3 and modular Nautilus Chain is providing impetus for PoseiSwap to develop in a longer-term direction.
Celestia is the main technical partner
Celestia is the first modular blockchain network. Based on Layer2, Celestia builds a pluggable consensus and data availability layer, which is only responsible for verifying data availability and transaction ordering, providing flexibility for the modular architecture of the entire blockchain network. In the Celestia framework, a blockchain system will be decomposed into the execution layer, settlement layer, consensus layer, and data availability (DA) layer.
Nautilus Chain is the first ecosystem built on the modular blockchain Celestia. Celestia's architecture is advanced. It separates the data availability layer and uses an off-chain approach to achieve data availability, that is, through Reed-Solomon erasure codes and a specialized Namespaced Merkle Trees structure to ensure data availability, making data availability cheaper and more efficient.
Therefore, PoseiSwap is modularized, from the development stage to the operation stage, and it is inseparable from the technical support provided by Celestia to help PoseiSwap solve expansion and deployment problems. Nautilus Chain is helping Celestia realize its vision at the Layer3 level, and PoseiSwap is expected to become the first on-chain application based on Celestia support, which provides an early reference for Celestia to further serve other developers as Layer0 infrastructure in the future.
Therefore, whether it is Celestia, PoseiSwap or Nautilus Chain, they are very important ecological partners and technical partnerships with each other.
Currently, PoseiSwap is about to launch the IEO event for the $POSE token, which will also be a landmark event for the official launch of the PoseiSwap ecosystem. The industry also has high expectations for the value performance of POSE.