Xyra Labs

Xyra Labs is a multi-chain decentralized finance platform that provides cross-chain token swaps, an on-chain perpetual futures exchange, and developer APIs — all targeting institutional-grade performance while remaining non-custodial.

Background and Rebrand

Originally founded in 2021 as Kana Labs, the project built its initial reputation as a cross-chain liquidity aggregator with a particular focus on the Aptos ecosystem. In late 2024, Kana Labs rebranded to Xyra Labs to signal a broader product scope and company identity. The name draws on the Greek "Xyroz" (sharp, precise) as a nod to the platform's stated emphasis on execution speed and price accuracy.

The founding team brings backgrounds in traditional finance and blockchain development. Kana Labs secured a $2 million seed round in November 2023 from investors including MARBLEX Corp. (a subsidiary of NetMarble), Nexus One, Klaytn, and Gate Labs. The project has also been described as backed by Jump Crypto and received an ecosystem grant from the Aptos Foundation for its smart wallet and account abstraction work.

Core Products

Xyra Perps

The platform's flagship product is Xyra Perps, described as the first fully on-chain central limit order book (CLOB) perpetual futures exchange on the Aptos network. Unlike AMM-based perpetuals, Xyra Perps matches and settles every order directly through Aptos smart contracts with no off-chain components involved in order matching or price discovery.

Traders can place market and limit orders, and the platform supports hedge mode — allowing users to hold simultaneous long and short positions on the same asset. Trading fees are fixed at 0.05%. The exchange also offers keyless wallet connections (leveraging Aptos Keyless) and gas-sponsored transactions so users can trade without needing to hold APT for transaction fees.

The contracts for Xyra Perps have been audited by MoveBit, an Aptos-focused smart contract security firm. Within 100 days of launch, Xyra Perps reported cumulative trading volume exceeding $1 billion.

Cross-Chain Swap Aggregator

Xyra Labs operates an AMM DEX aggregator that routes token swaps across nine or more blockchains, spanning both EVM-compatible and non-EVM networks. Supported chains include Aptos, Solana, and Sui on the non-EVM side, and Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, zkSync, and Base on the EVM side. Liquidity is sourced through integrations with 1inch, OKX, and Jupiter (for Solana), as well as proprietary aggregators built specifically for the Aptos and Sui ecosystems.

The aggregator's algorithms automatically identify optimal routes, though users can also select routes manually. Cross-chain swaps typically settle within 5 to 15 minutes. On Aptos, the platform's Paymaster infrastructure enables zero-gas-fee swaps for users.

Gas Station (Xyra Paymaster)

Xyra Labs operates a gas sponsorship layer called Xyra Paymaster, currently targeting Aptos and Supra networks. The Paymaster lets dApp developers whitelist specific smart contract modules and functions; end users who interact with those functions have their transaction fees covered by the developer's deposit. This removes one of the most common friction points for onboarding non-crypto-native users.

Developer Tools

The platform provides a JavaScript and TypeScript SDK along with REST and WebSocket APIs covering both the perpetuals exchange and the swap aggregator. Additional developer-facing products include a Payment API, an embeddable Xyra Widget for cross-chain swap integration, and configuration tooling for Aptos Keyless wallets.

Platform Metrics

As reported on the Xyra Labs website, the platform has processed more than 2 million transactions, facilitated over $10 billion in total trading volume across all products, and served more than 1.1 million active wallets. The API infrastructure targets 99.9% uptime with sub-100-millisecond response times.

Solana Ecosystem Fit

Solana is one of Xyra Labs' supported non-EVM chains for cross-chain swaps. The platform routes Solana liquidity through Jupiter, Solana's dominant DEX aggregator, giving Xyra users access to on-chain Solana markets as a source or destination for cross-chain trades. Xyra Labs has published technical content on implementing gasless transactions on Solana, suggesting ongoing investment in the Solana integration beyond basic swap support.

While Xyra Perps operates on Aptos and the Paymaster currently focuses on Aptos and Supra, the multi-chain architecture positions Solana as a first-class liquidity source rather than a peripheral integration.

Security

Xyra Perps smart contracts have been audited by MoveBit. The project's documentation links to the audit report. No audit information is documented for the cross-chain swap aggregator contracts or the Paymaster system based on publicly available sources.