Flash Trade
Summary
Flash Trade (flash.trade) is a non-custodial, asset-backed perpetuals and spot exchange built on Solana, founded in early 2023 by Anas Khader and Zoheb Shahzan (previously of the Investin project). The protocol is bootstrapped, has undergone multiple third-party security audits, publishes an open-source reference implementation, and has processed over $20 billion in cumulative trading volume. No exploits, regulatory actions, or fraud allegations have been identified; primary risk factors are a modest TVL (~$10.7M), a low-cap governance token (FAF, ~$3.7M market cap), oracle dependency on Pyth Network, and limited public background on the founding team.
Connected Entities
2 entities · 10 linked investigations- FAFxVxnkzZHMCodkWyoccgUNgVScqMw2mhhQBYDFjFAF→mentioned with→Flash Trade(50%)
- + 1 more
Timeline(10 events)
2022-11-01
FTX collapses. Flash Trade founders continued building on Solana while most projects halted operations.
The Flash Trade Origin Story — Flash Trade Docs2023-01-01
Flash Trade protocol founded on Solana by Anas Khader and Zoheb Shahzan.
Flash Trade — Tracxn2023-04-03
First Halborn security audit completed (seven-week engagement covering Solana smart contracts).
Flash Trade Audits — GitHub2023-10-01
Flash Trade presents at Solana Breakpoint 2023 on asset-backed perpetuals and composability.
Reviving DeFi on Solana — Solana Compass / Breakpoint 20232023-12-01
Flash Beast NFT launch: 5,555 NFTs sold raising approximately $1.27 million for protocol development.
The Flash Trade Origin Story — Flash Trade Docs2024-03-20
Second Halborn security audit completed covering updated flash contracts.
Flash Trade Audits — GitHub2024-09-01
Anas Khader presents at Breakpoint 2024. Protocol reports $11 billion in cumulative trading volume and $10M+ in fees, fully bootstrapped.
Breakpoint 2024: Product Keynote — Flash Trade — Solana Compass2025-04-22
Offside Labs security audit completed (engagement March–April 2025).
Flash Trade Audits — GitHub2025-09-01
Anas Khader presents at Breakpoint 2025. Roadmap includes ephemeral rollup integration with MagicBlock, permissionless order books, and real-world asset trading.
Flash Trade Breakpoint 2025 — Solana Compass2025-12-25
Co-Founder Anas Khader appears on Solana Foundation's Sol Brothers podcast discussing Flash Trade's growth to become Solana's fastest and cheapest DEX.
Sol Brothers Podcast — Solana FoundationDecision Log
- hash: F1c2f4RGVqaHPrbeu3F49SsRicLpDJP4rB5zV7eWTdqR
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 3:22:27 AM
last updated: 6/1/2026, 3:22:30 AM
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