Market Wedge

Multi-venue Perps Need Reliability

Central to Price Discovery

Perpetuals dominate crypto trading activity. They are the primary venue for BTC price discovery, not spot markets.

DEX Scaling Velocity

Top-10 Perp DEX volume exploded from ~$1.5T to $6.7T in 2025. Institutional capital is moving on-chain.

The Neleus Target

Building for teams that demand determinism, audit logs, and portability. Starting with Hyperliquid & Lighter.

*Source: CoinGecko 2025 Annual Report.

Top-10 Perp DEX Volume Growth

2023 - 2025 (Annualized)

7.8%

DEX/CEX Ratio & Rising

$7T $6T $5T $4T $3T $2T 2023 2024 2025 $0.8T $1.5T $6.7T

Explosive Growth

4.5x

Volume Increase

09

top: '10%', left: '5%', right: '5%', bottom: '10%', containLabel: true }, tooltip: { trigger: 'axis', formatter: '{b}: ${c}T', backgroundColor: 'rgba(255, 255, 255, 0.95)', borderColor: '#e2e8f0', textStyle: { color: '#1e293b', fontFamily: 'Inter' } }, xAxis: { type: 'category', data: ['2023', '2024', '2025'], axisLine: { show: false }, axisTick: { show: false }, axisLabel: { fontFamily: 'Space Grotesk', fontSize: 14, color: '#64748b', margin: 20 } }, yAxis: { type: 'value', axisLabel: { formatter: '${value}T', fontFamily: 'Space Grotesk', color: '#94a3b8' }, splitLine: { lineStyle: { type: 'dashed', color: '#e2e8f0' } } }, series: [ { data: [0.8, 1.5, 6.7], type: 'line', smooth: true, symbol: 'circle', symbolSize: 12, itemStyle: { color: '#4f46e5', borderWidth: 3, borderColor: '#fff', shadowColor: 'rgba(79, 70, 229, 0.3)', shadowBlur: 10 }, lineStyle: { width: 5, color: new echarts.graphic.LinearGradient(0, 0, 1, 0, [ { offset: 0, color: '#818cf8' }, { offset: 1, color: '#4f46e5' } ]), shadowColor: 'rgba(79, 70, 229, 0.2)', shadowBlur: 20, shadowOffsetY: 10 }, areaStyle: { color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [ { offset: 0, color: 'rgba(79, 70, 229, 0.2)' }, { offset: 1, color: 'rgba(79, 70, 229, 0.0)' } ]) }, label: { show: true, position: 'top', formatter: '${c}T', fontFamily: 'Space Grotesk', fontWeight: 'bold', fontSize: 16, color: '#4f46e5', offset: [0, -10] }, animationDuration: 2000, animationEasing: 'cubicOut' } ] }; myChart.setOption(option); });