NAGA Founder Ben Bilski Launches Decentralized Exchange on Solana

NAGA Founder Ben Bilski Launches Decentralized Exchange on Solana

Ben Bilski, the founder and former CEO of NAGA Group, has introduced True Trading, a decentralized crypto trading platform currently in its pre-launch phase. Announced through LinkedIn, True Trading is built on a Layer 2 protocol utilizing the Solana blockchain. The platform distinguishes itself by incorporating a “trainable” artificial intelligence engine designed to enhance user experience and automate critical trading functions.

AI Integration and Platform Architecture

True Trading is positioned as an AI-native decentralized exchange (DEX), integrating a large language model that continuously learns from user interactions, market data, and trading activity. This AI-driven system automates essential processes such as risk management, know-your-customer (KYC) procedures, and payment flows, aiming to streamline operations and minimize the need for manual oversight.

All transactions on True Trading are executed through smart contracts, ensuring that users maintain control over their funds and eliminating custody risks commonly associated with centralized platforms. Liquidity is sourced from public vaults and tracked transparently on-chain, reinforcing security and accountability. The platform’s Layer 2 infrastructure, powered by Solana, facilitates high-speed transaction processing with significantly lower fees compared to traditional blockchain networks. According to company disclosures, True Trading Corp is incorporated in Panama.

Trading Capabilities and Market Positioning

True Trading offers a suite of decentralized finance (DeFi) trading features, including on-chain perpetual contracts, copy trading of successful strategies, and yield generation through smart contract-based investment mechanisms. The platform explicitly does not support trading of regulated securities and does not function as a broker, financial intermediary, or custodian.

Currently in its pre-launch stage, True Trading is accepting early users but has yet to announce a full launch date or provide detailed information regarding governance frameworks or tokenomics.

Competitive Environment and Market Outlook

Bilski’s launch of True Trading arrives amid intensifying competition among decentralized exchanges on the Solana blockchain. The sector is witnessing increased activity, with existing platforms expected to enhance their offerings in response to this new entrant. Market volatility and rapid technological innovation continue to pose challenges for emerging exchanges seeking to establish a foothold.

Market sentiment around Solana remains optimistic, with technical analysts forecasting a potential price breakout to $185 and beyond, supported by chart patterns such as the cup and handle formation. Some observers speculate that Solana could surpass Ethereum in market capitalization, a development that would further escalate competition among decentralized exchanges operating on the network.

Following his departure from NAGA after its acquisition, Bilski has expressed a commitment to addressing inefficiencies in the digital asset market. Through True Trading, he aims to leverage artificial intelligence alongside Solana’s high-performance infrastructure to carve out a distinctive position within the evolving DeFi landscape. The company continues to withhold further details on governance and tokenomics as it advances through its pre-launch phase.