Need for Bulk Trade
DeFi has always been envisioned as the pinnacle use case of crypto—bringing finance fully on-chain to make it scalable, transparent, and verifiable. However, much of DeFi today has failed to deliver on this promise.
One of the biggest flaws in DeFi is the pseudo-centralization of liquidity. Consider what happens when liquidity provided by market makers disappears—DEXs struggle, slippage worsens, and markets become inefficient.
The Missing Piece in DeFi
We believe the core issues in DeFi today stem from a lack of:
Permissionless market access
Verifiability of liquidity sources
Institutional-grade liquidity, similar to what’s available on centralized exchanges (CEXs)
BULK provides the infrastructure and liquidity stack needed to power the next generation of financial applications—perpetual and spot exchanges—without relying on traditional liquidity commitments.
Why Bulk Trade?
At its core, a DEX is only as strong as its liquidity, execution speed, and price efficiency. Users will always choose a platform that provides:
Better pricing for trades
Lower slippage
Deep, available liquidity for any order size
To enable these, BULK introduces two key innovations:
BULK Liquidity Network – A decentralized liquidity layer optimizing capital efficiency.
BULK Book – A hyper-efficient order book that rivals CEX-level execution.
The Evolution of Market Making
Just as DeFi has shifted from CEXs to DEXs—with nearly 60% of Solana's volume now routed through on-chain order books—we are now witnessing the next evolution: a move towards decentralized, high-performance liquidity primitives.
WTF is Market Making?
CEXs operate on order book models but do not have built-in liquidity reserves like AMM-based DEXs. Instead, they rely on market participants (market makers) to provide liquidity by continuously placing buy and sell orders.
How do Market Makers profit?
They strategically place orders to earn the spread between bid and ask prices.
They actively manage liquidity, unlike AMMs that rely on fixed pricing formulas.
They ensure efficient pricing and deep liquidity to keep markets liquid.
Key Differences from AMMs:
✅ Actively managed liquidity (not passive like AMMs) ✅ No x*y=k pricing model (prices are spread-driven) ✅ Higher potential rewards for liquidity providers ✅ Millions of trades executed efficiently, maintaining deep liquidity
Why Solana Needs Market Makers
Solana is experiencing a surge in on-chain order books—from Drift to Phoenix—and BULK is betting on Solana’s continued rise as a high-performance blockchain with increased block size and lower latency.
As Solana grows, we expect more protocols powered by in-house order books, including:
Lending protocols
Spot exchanges
Real-world assets (RWAs)
This growth demands a robust liquidity layer, but the challenge is allowing everyday users to become market makers—a role traditionally reserved for sophisticated participants due to:
Complexity in liquidity management
Custody risks
High capital requirements
How BULK Solves This
BULK democratizes liquidity provision by:
Aggregating user liquidity in a non-custodial environment to execute market-making strategies.
Providing deep liquidity to protocols, ensuring smooth order execution for their users.
Generating revenue from spreads, rebates, and trading fees, benefiting both users and protocols.
BULK transforms user liquidity into high-definition, network-owned liquidity, making it a core pillar for DeFi’s next evolution.
Last updated