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수익 및 소각
프로토콜 수익
$18.4K바이백 자금
--소각 자금
--바이백 비율
--프로토콜 자금 추이
월별 금액 및 비율
| 기간 | 프로토콜 수익 | 바이백 자금 | 소각 자금 | 바이백 비율 |
|---|---|---|---|---|
| Nov 2026 | $18.4K | -- | -- | -- |
| Oct 2026 | $2.41K | -- | -- | -- |
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Manifest 소개
Manifest is a spot central limit order book (CLOB) exchange on Solana, described as the third-generation on-chain order book after Serum and Openbook. Order entry, matching, clearing and custody all happen on-chain, and users hold their own keys. A minimal core program handles order entry, matching and settlement, while optional features sit in composable wrapper programs, which keeps the core small enough for formal verification. The book uses a custom HyperTree storage layout that lowers the compute cost of placing and cancelling orders and searching price levels; listing a market needs only the two token mints, with no tick size or minimum order size.
The protocol charges 0 maker and taker fees and earns through wrappers and third-party services. Global orders let a single balance back resting quotes across many markets, with settlement deferred until a fill, improving capital efficiency for market makers; reverse orders flip a filled order to the opposite side at a preset spread, so limit orders can replicate an AMM curve. In August 2026 the program completed the Solana Foundation STRIDE security review, with 18 formally verified safety rules published. Cumulative volume is about USD 41.1 billion, TVL about USD 18.3 million.
Manifest is a fully on-chain spot central limit order book on Solana, built by Bonasa Technologies and founded in 2024, with core contributors Maximilian Schneider, Britt Cyr and John Kramer coming out of Mango Markets and Dual Finance; it positions itself as the third-generation successor to Openbook and Serum. Order placement, matching and settlement all happen on-chain without an off-chain matching engine.
TVL bottomed near USD 240,000 in March 2025 before aggregator distribution changed the picture: after integrating Titan in September, weekly volume grew more than twentyfold and average daily volume passed USD 40 million for the first time. In January 2026 it launched Destiny Vaults, tokenising order-book liquidity positions themselves, with the first vault upCASH offering 6.34% in trading rewards plus 35.66% in liquidity rewards. On 4 June single-day volume hit a record USD 493 million, weekly share reached 10% of Solana spot DEX volume behind only BisonFi, and TVL set a high of USD 21.37 million on 28 September.
Strategy and roadmap: Manifest is buying share with zero fees, charging neither maker nor taker and asking only about 0.004 SOL rent to create a market, competing for aggregator routing weight through permissionless market creation and products like Vaults. The cost is that the protocol has no clear revenue source yet; TVL fell back to USD 17.5 million by 22 October, down about 16% over thirty days, volume concentrates in stablecoin pairs, Destiny Vaults launched without an external audit, and the durability of 35%-level liquidity incentives is unproven.
Maximilian Schneider — Core contributor; co-founder of Mango Markets; contributed to Manifest's orderbook design.
Britt Cyr — Core contributor; CTO of Dual Finance; worked on the matching engine and formal verification.
John Kramer — Core contributor; Head of Trading at CKS Systems; led liquidity and market-making design.
Manifest charges 0.00% maker and taker fees on its spot order book, with traders paying only Solana network gas.
Manifest market creation is open to all token pairs, and listing costs only about 0.004 SOL in account rent.