On September 13, blockchain-native market maker CKS Systems launched Manifest, a Solana-based on-chain order book. Manifest allows liquidity providers to place unlimited orders in the market by deploying Global Orders, which enables the use of the same funds for multiple bids and offers simultaneously. The platform also eliminates transaction fees and allows for order surges by enabling users to easily list new token markets.

Manifest also introduces a data structure called HyperTree, which, according to its white paper, allows for “more efficient key-value data storage on the Solana Virtual Machine (SVM). The hierarchical structure enables formal verification of the core matching engine without compromising functionality.”

The main contributors to Manifest are Maximilian Schneider, Britt Cyr, and John Kramer. They are the founder of DEX Mango Markets, the CTO of Web3 options platform Dual Finance, and the Head of Trading at CKS Systems respectively. Kramer stated that the collaboration will improve liquidity for Solana and related platforms like Manifest.