Executive Summary

A fundamental shift is coming to crypto trading. Today, 90% of trading volume happens on centralized exchanges, despite over $24 billion lost to hacks and failures since 2012. The industry demands change, but refuses to compromise on performance. Novice users want more security, but are overwhelmed by the current onchain user experience. Yamata ushers in the Volume Flippening: the inevitable shift of trading volume from centralized to on-chain venues.

Our core innovation, the Optimistic Hybrid Exchange Mechanism, represents a breakthrough in cryptocurrency trading. By combining a high-performance matching engine with a decentralized Guardian Node Network, we've created a system where centralized components are "unable to be evil." This network continuously validates operations, ensuring transparency and security through economic incentives, while maintaining the performance traders demand.

For traders, Yamata delivers true self-custody without sacrificing the advanced features they expect from leading exchanges. Our complete order book suite and professional-grade execution enable sophisticated trading strategies, while our progressive abstraction journey makes the experience as simple as using traditional platforms. Through account abstraction, users can sign up and trade with just an email or passkey to login, while gas abstraction eliminates the complexity of blockchain transactions—no ETH needed for gas, no confusing fee calculations. Our journey toward complete abstraction of blockchain complexity continues with chain abstraction, paving the way for an even more seamless trading experience in the future.

This approach creates a new paradigm where security and performance finally coexist. Every operation is verifiable and backed by decentralized guarantees, yet executed with the speed and reliability traders expect from traditional exchanges.

By solving these fundamental challenges while delivering a Web2-like experience, Yamata represents more than an incremental improvement—we believe it can pioneer the next dominant design in crypto trading, creating the foundation for a future where all crypto trading happens onchain. When that time comes, it will be glorious.