Permissionless III Agenda Just Dropped

Perp DEX design has been a sequence of compromises: AMM perps preserved Ethereum composability but concentrated LP risk, hybrids regained CEX-like latency with onchain settlement, and specialized chains delivered fully onchain CLOB performance while isolating liquidity away from Ethereum’s $122B DeFi collateral. ZKsync Atlas is the next step, enabling sub-second proof finality and cross-domain margin so venues like Grvt and Lighter can access L1-native collateral without bridging, shifting the competitive axis from pure speed to unified liquidity.