According to Foresight News, Zeta Markets, a derivatives protocol on Solana, plans to launch Zeta X, a decentralized derivatives trading layer 2 built for Solana, on the mainnet in the first quarter of 2025, and has released a white paper. Zeta X will use Solana's L1 for data availability and settlement, while processing execution through an off-chain zkVM-compatible matching engine. Zeta Markets' newly launched token ZEX will also serve as the native token of Zeta X.