According to TechFlow, according to Foresight News, at the Solana Breakpoint Conference, Zeta Markets co-founder Tristan Frizza said that Zeta Markets is incubating and developing the Solana L2 project Bullet, and will release a testnet in the fourth quarter of 2024, when ZEX stakers will have early access opportunities. The Bullet mainnet will be released in the first quarter of 2025.

It is reported that Bullet is a Rollup that uses Solana L1 as the settlement layer and data availability layer, and uses ZK fraud proof for verifiable on-chain settlement. The first DApp in the Bullet ecosystem is the perpetual CLOB platform Zeta X.