BlueFin:- According to the most recent data, decentralized exchanges (DEXs) now account for approximately 25% of global spot crypto trading volume.
However, most DEXs still suffer from higher blockchain latency and have yet to match centralized exchanges (CEXs) in terms of speed and execution quality.
To address this, the Sui-based DEX Bluefin has introduced high-frequency trading (HFT) capabilities through its upgraded Bluefin v2 platform, also referred to as Bluefin Pro.
Its new model is specifically tailored for institutional traders and aims “to offer an environment where institutional-grade traders can perform high-frequency trading (HFT) — all within a decentralized infrastructure.”
Developed by the Jawaid brothers in 2020, Bluefin started on Arbitrum as a derivative-focused exchange. In September 2023, it shifted to Sui for the chain’s high throughput, fast finality, and wallet‑less experience.
1/ The Great Migration is here. Bluefin pioneered perps trading on @SuiNetwork, and over the past 648 days, Bluefin Perps Beta has processed over $55 billion in trading volume.
With Bluefin Pro, we introduce a completely rebuilt perps exchange and are excited to take perps… pic.twitter.com/wCQg3TZSYs
— Bluefin (@bluefinapp) July 3, 2025
How is BlueFin Ensuring High-frequency trading on its Perps DEX
High-frequency trading requires millisecond-level execution and finality, making it difficult for DEXs. Despite this, Bluefin’s pro model aims to offer it by providing sub-30ms confirmations, zkLogin, and on-chain order book.
The BlueFin’s Pro model is aiming to deliver high-frequency trading to its investors by two major architectural additions. First is Nautilus. Nautilus allows developers to build trusted execution environments that are both confidential and verifiable.
According to the X post, Bluefin uses this to ensure that critical trade logic like price-time priority and order matching executes in a secure environment immune to external manipulation. Further, it is also using Sui’s parallel execution and Mysticeti consensus to offer sub-30 ms trade acknowledgments and ~550 ms settlement.
HFT bots are vulnerable to being “sandwiched” or exploited – making strategies unstable or unviable. To counter this, Bluefin is featuring Cross-margining and isolated sub-accounts, critical for institutional risk management.
With this, its perpetual-trading platform aims to rival the centralized exchanges. The Sui-based DEX believes that “Perpetual futures are the future of crypto markets.”
Also Read: CoinGape Q2 2025 report
Can DEXs ever beat CEXs?
DEX Share in spot trading volume is increasing – currently standing at 25%. Specifically, Perps trading on DEXs has surged but still trails behind CEXs.
Hyperliquid has been the standout performer, capturing 80% of decentralized perpetual volume in Q1. Its trading volume has been roughly $158 million traded during the quarter. Other top Decentralized perps platforms include Jupiter, dYdX, GMX among others.
This is particularly being driven by increasing Memecoin & DeFi activity especially on Solana and Base. Further, as DEXs like BlueFin are raising their bars to compete with CEXs, the percentage share is expected to increase further.
Also Read: Growing Mascot Trend in Blockchains
Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.