Instant Finality.
Capital Efficient.

Fermi Trade is a capital efficient orderbook exchange built on Solana by Fermi Labs. It combines a full Decentralized Limit Order Book (DLOB) architecture with match-time liquidity provisioning, enabling sub-400ms trade execution, near-zero fees, and maximum capital efficiency. Available at fermi-trade.com.

Connect your wallet (Phantom, Solflare, Backpack, or Ledger), select a trading pair such as SOL/USDC, choose Limit or Market order type, enter your price and quantity, and execute. All orders are matched on the orderbook with instant finality — trades confirm in under 400 milliseconds.

Unlike AMM-based exchanges that use liquidity pools, Fermi Trade operates a full limit order book where buyers and sellers are matched directly. This means tighter spreads, precise price execution, no impermanent loss for liquidity providers, and the ability to place limit orders at exact prices — the same experience as traditional exchanges, with onchain security.

Fermi Trade offers extremely competitive fees — maker fees start at 0.02% and taker fees at 0.04%. Combined with Solana's near-zero network fees (approximately $0.00025 per transaction), the total cost of trading on Fermi Trade is a fraction of what you'd pay on other platforms.

Fermi Trade supports 200+ trading pairs including SOL/USDC, SOL/USDT, wBTC/USDC, wETH/USDC, JUP/USDC, BONK/USDC, RAY/USDC, PYTH/USDC, and many more. New markets can be created permissionlessly — any SPL-standard pair can be listed.

Fermi Trade supports all major Solana wallets: Phantom, Solflare, Backpack, Glow, Coin98, Trust Wallet, and Ledger hardware wallets. Mobile users can connect via WalletConnect or through their wallet's built-in browser on iOS and Android.

Fermi Trade's capital efficiency comes from its match-time liquidity model. Market makers can post orders without locking collateral upfront — capital is only required at the moment a trade is matched and settled. This means more liquidity with less capital deployed, resulting in tighter spreads and deeper order books for all traders.

Yes. Fermi Trade is fully non-custodial — your keys, your funds. All programs are open-source, audited by independent security firms, and formally verified. There are no admin upgrade keys and no backdoors. The protocol operates entirely onchain with an active bug bounty program for responsible disclosure.

Fermi Trade leverages Solana's 400ms block time to deliver instant finality on every trade. Orders are matched and settled in 1–3 blocks (0.4–1.2 seconds), comparable to NASDAQ execution speeds. This is up to 30x faster than Ethereum-based exchanges and eliminates mempool congestion entirely.

Yes. Fermi Trade is an orderbook-native exchange, which means limit orders are a first-class feature — not an afterthought. Place limit orders at any price, set post-only or fill-or-kill conditions, and manage open orders directly from the trading interface. Orders sit on the onchain order book until filled or cancelled.