Molten Network is transitioning from its testnet to a production-ready mainnet! We are thrilled to welcome all traders and community members who have been patiently waiting to trade on the most efficient rollup for Perps. Our aim with Molten is to decentralize Perp DEXs while scaling them by 100x. Let's explore all the possibilities on Molten including how to connect, trade, and more!
RPC informationHTTPS RPC: https://molten.calderachain.xyz/http WS RPC: wss://molten.calderachain.xyz/wsChain ID: 360Bridge: https://molten.calderabridge.xyz Explorer: https://molten.calderaexplorer.xyz Status page: https://molten.betteruptime.com/
Available at launch
One of Molten's main features is the ability to circumvent the Oracle MEV, allowing for near-instant settlement for traders. At launch, users will be able to place orders that are completely MEV-protected, starting with our own Molten Perp protocol. Trades execute with next to no latency at roughly 0.3 seconds on average. This gives traders on Molten an edge for both speed & efficiency.
Rollup Stack OP Stack → Arbitrum Orbit?
During the testing leading up to the mainnet launch, we encountered some inefficiency problems that raised doubts about exactly how far we could push the network for traders. After consulting with Caldera and Arbitrum, we decided to fully migrate our rollup from an OP stack rollup to an Arbitrum Orbit powered rollup! Let's get into the details of what has changed because of this.
Firstly, our entire modifications to prevent oracle MEV carry over with no issues. Since the architecture at a sequencer level is fairly similar, this migration from our existing codebase to the new one didn't take long, but it provided some much-needed benefits!
Gas is now even cheaper when operating at full efficiency compared to the OP stack. This should translate to roughly a 3-4x savings compared to the previous testnet, allowing more trades and larger gas subsidies.
The minimum block time has been reduced from 2 seconds to 0.25 seconds, allowing a substantial improvement in oracle update frequency and transaction throughput. With the previous stack, it would have taken a whole 2 seconds to get a single confirmation, but now these trades can execute in rapid succession.
Arbitrum Stylus support allows protocols to deploy smart contracts written in Rust, C, or C++. Have a favorite dapp on Cosmos or Solana? They can now be ported over with efficient compute and memory optimization. This opens the door to a much larger developer scene possible on Molten that would previously be untapped.
Working fraud proofs from day one. Security and decentralization are what Molten is all about. Arbitrum's stack comes with completed fraud proofs for heightened decentralization and security that all rollups should provide.
Bridging Solutions
Initially, there will be a single bridge, known as the standard L2 bridge, often referred to as the optimistic slow bridge. Other solutions, known as "fast" bridges, will soon follow as they are deployed, but the main entry point will be the standard optimistic bridge. This provides the highest security and is identical to the bridge used by Arbitrum and other L2s. The only drawback is that deposits take a bit longer to finalize (around 15 minutes), and withdrawals will take 7 days to fully settle. Keep this in mind when depositing and withdrawing MOLTEN, USDC, and other assets into Molten while fast bridges are still deploying.
Gas Markets
Initially, transaction throughput will be throttled to collect some initial sequencer fees to post to Celestia. This means that gas will be artificially raised to around 200 GWEI on average and will gradually decrease over time to the nearly free cost that Molten promises. This is a similar practice to most L2's in their early stage deployment, but by utilizing a cheaper data availability solution, we can significantly shorten this period since we wouldn't need as much in reserve fees.
What’s next?
We'll be monitoring the on-chain oracle's performance and the desired block propagation performance this month in preparation for additional upgrades and partner optimizations. Molten is a chain for builders and we want to make sure it's functioning not just smoothly, but with maximum efficiency. For the initial Perp DEX deployed utilizing the UniDex stack, we’ll monitor performance with the new oracle solution and list additional pairs over time due to the decreased oracle risk the chain provides.
A week from now, the first monetary policy vote will conclude, determining how much incentive will be distributed to stimulate the chain and protocols deployed on Molten. Be on the lookout for that, as well as the incentives that will follow in the upcoming months. These should serve as an additional case study for Molten's performance.
Quick Links
Discord invite link — https://discord.gg/moltennetwork
Twitter — https://twitter.com/moltenl3
Website -https://www.unidex.exchange/
Leverage Terminal — https://leverage.unidex.exchange/
Business Inquiries — ecosystem@moltennetwork.com