Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$155.95KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Sep 2026 | $155.95K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About BULK
In September 2025, BULK completed an $8 million seed round led by 6th Man Ventures and Robot Ventures, with participation from Wintermute, Big Brain Holdings, and Solana co-founder Anatoly Yakovenko, laying the foundation for its high-performance order book DEX.
In October 2025, BULK was suspected to have launched a points program, allowing users to stake SOL via validator nodes to earn 7.5% APY and accumulate points. In June 2026, it officially launched Season 1 of the points program, opening pre-deposits and allocating 1 million AURA points weekly to incentivize early participation.
In June 2026, pre-deposit TVL surpassed $25.9 million ahead of mainnet launch, rapidly climbing Solana's DeFi TVL rankings and effectively addressing the cold-start problem faced by new perps DEXs.
Technically, BULK uses a proprietary bulk-agave client, running a BULK-tile in parallel within Solana's validator stack, achieving 20ms asynchronous matching and 40ms transaction finality while balancing performance and decentralization.
Over the past six months, BULK has advanced its mission of building a transparent, capital-efficient on-chain order book DEX. In March 2026, the team introduced BIP-1, a framework enabling anyone to deploy perpetual markets with near-zero upfront capital. Markets begin in an isolated-only phase, with deployers managing oracles and liquidity, and can graduate into BULK's shared portfolio margin system upon meeting thresholds, including a 2 million USDC bond. This unlocks up to 70% lower collateral requirements for complex positions. The mainnet launch followed, featuring a portfolio-wide risk engine, real-time mark-to-market, and a protective liquidation mechanism that only trims the minimum position needed to restore account health. Over 200,000 users are exploring the platform. Looking ahead, BULK's roadmap focuses on the full rollout of BIP-1, expanding the ecosystem of deployer-owned markets, and progressively transitioning mature markets into the cross-margined portfolio system. The team also plans to deepen risk modeling with regime-aware adjustments and continue decentralizing validator operations, reinforcing its code-enforced, non-custodial trading environment.
Jun (Twitter: @junbug_sol) and kdot (Twitter: @kdotcrypto) are the co-founders of BULK, a decentralized exchange focused on high-performance perpetual contracts on Solana. Jun serves as CEO, leading product strategy and business development. kdot serves as CTO, overseeing the technical architecture and engineering. Both have deep backgrounds in blockchain development and DeFi protocol design, previously contributing to open-source projects and Solana ecosystem initiatives. Under their leadership, BULK aims to bridge the gap between centralized and decentralized trading by leveraging Solana's low-latency infrastructure.