According to Foresight News, Zeta Markets, a derivatives protocol on Solana, has announced its plans to launch a decentralized derivatives trading Layer2, Zeta X, built for Solana on the mainnet by the first quarter of 2025. The company has also released a white paper detailing the project. Zeta X will utilize Solana's L1 for data availability and settlement, while execution will be handled by an off-chain zkVM-compatible matching engine. In addition, Zeta Markets' newly launched token, ZEX, will serve as the native token for Zeta X. This development is part of Zeta Markets' ongoing efforts to expand its offerings and enhance its platform.