Solana-Based Oxygen Taps Jump Trading in Bid to Be DeFi’s Top ‘Prime Brokerage’

Oxygen, a kind of decentralized finance (DeFi) brokerage built on the high-throughput Solana blockchain, has added Chicago-based Jump Trading as a strategic partner.
Jump joins a group of existing supporters of the platform that includes Sam Bankman-Fried’s Alameda Research, Multicoin Capital and Genesis Trading (owned by CoinDesk’s parent company, Digital Currency Group). The firms backed Oxygen in a $40 million round of fundraising earlier this year.
Oxygen aims to make DeFi more accessible to retail investors, but with transactions handled and settled on the 50,000-transaction-per-second Solana blockchain and using the Serum decentralized exchange (DEX).
Carissa Felger, a representative for Jump Trading, said Jump’s role would be as a market maker on the Oxygen platform. “Jump is going to be a liquidity provider on Oxygen, collaborate on risk management and market data tools, and invest in the ecosystem,” Felger said via email.
Solana Labs itself just raised $314 million to build out the network’s DeFi capabilities.