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Substance Exchange (SubstanceX) is gearing up for the launch of its decentralized derivatives trading platform. With the aim of transitioning user trading behavior to a decentralized model, SubstanceX has integrated with Arbitrum and garnered significant participation during its testnet phase. The on-chain derivatives sector is expected to experience substantial growth, as indicated by the trading volume ratios on centralized and decentralized exchanges. SubstanceX has spent eight months developing its products and mechanisms, focusing on price acquisition, liquidation processes, fee and parameter designs, and product innovations such as Simple Options and the Strategy Market. Unlike other platforms that opt for a simple fork approach, SubstanceX has taken a long-term perspective, retaining mature components while enhancing user experience and adding features. With a team of experienced professionals and seed round funding secured, SubstanceX is poised to make a mark in the industry.