The Solana transaction-specific layer Bullet testnet is now live

ChainCatcher news, Solana's dedicated transaction layer Bullet announced on X that it has launched its testnet.

The official statement indicates that its native token will eventually be developed for Gas fees and node operations. After the mainnet launch, Zeta Markets tokens will be migrated to Bullet at a 1:1 ratio. Bullet's tokenomics show that 20% of the tokens will be used for ZEX token circulating supply conversion, 20% will be allocated for community rewards, 22.5% will be allocated to the treasury (future airdrops will come from here), 17.5% will be allocated to investors, and 20% will be allocated to the team.

Bullet is a real-time L2 based on Solana, utilizing Solana L1 as the settlement and data availability layer. It employs ZK fraud proofs for verifiable on-chain settlement and features a trust-minimized bridge from Solana, achieving ultra-scaling while retaining the transparency of DeFi.