what's Onyx?
Onyx is a decentralized trading project developed under the Sentiment protocol, designed to promote transparent and resilient onchain transactions. It addresses vulnerabilities in centralized exchanges by leveraging blockchain technology to facilitate global trading and transacting in a more secure, decentralized manner. Built on Sentiment's DeFi infrastructure, which enables lending and borrowing of assets, Onyx aims to accelerate the adoption of robust onchain systems. It supports community-driven initiatives, such as rewarding traders who contribute to the crypto ecosystem, fostering greater capital efficiency and participation in decentralized finance.
Onyx won Zypherpunk Hackathon; featured in Privacy Rabbit Hole discussion Feb 5, 4pm CET.
Links
x.com/tradewithonyxWon the Zypherpunk Hackathon and will be featured in a Privacy Rabbit Hole discussion on 2026-02-05 at 4pm CET.
A team member from Sentiment is transitioning to work on Onyx, indicating development activity on the project.
The platform introduces boosted pairs with up to 100x leverage on BTC and select pairs, and 50x leverage on Nas100 trading, utilizing Hyperliquid execution environments through its enshrined Margin layer.
Onyx partners with OctavFi to help managers consolidate positions and streamline valuation across tokenized products.
Onyx prepares to launch from private beta very soon as a unified pro trading terminal for any asset, with the team having previously amassed over 100M TVL and serviced nearly 250M in loans across two lending products in two ecosystems.
$FAIR token launches on the platform with $500k raise and $10M valuation, trading begins in 6 months.
Enzyme integrates Chainlink Runtime Environment (CRE) to streamline NAV and reporting processes for Onyx users across networks and data sources.