{"id":106336,"date":"2025-10-21T07:00:53","date_gmt":"2025-10-21T07:00:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=106336"},"modified":"2025-10-21T07:00:53","modified_gmt":"2025-10-21T07:00:53","slug":"solana-co-founder-ventures-into-perpetual-dex-development-what-you-should-know","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=106336","title":{"rendered":"Solana Co-Founder Ventures Into Perpetual DEX Development: What You Should Know"},"content":{"rendered":"

Anatoly Yakovenko, co-founder CEO of Solana Labs, has unveiled plans for a new decentralized exchange<\/a> (DEX) named Percolator, designed as a sharded perpetuals protocol built directly on the Solana blockchain.\u00a0<\/p>\n

The platform aims to provide a self-custodial and high-speed solution for perpetual futures trading, allowing crypto traders to speculate on price movements without the limitation of expiry dates.<\/p>\n

Solana\u2019s Percolator Documentation Released<\/h2>\n

The documentation for Percolator was released <\/a>on GitHub, where it is described as \u201cimplementation-ready.\u201d It introduces two primary components: a Router and a Slab program.\u00a0<\/p>\n

The Router manages collateral, portfolio margins, and cross-slab routing, while the Slab program functions as a matching engine overseen by liquidity providers <\/a>(LPs). Each slab operates independently, enabling what Yakovenko refers to as \u201cfully self-contained matching and settlement.\u201d\u00a0<\/p>\n

This design ensures that any issues arising from a particular slab do not affect users who have not interacted with it. Yakovenko emphasized the advantages of this architecture, stating:<\/p>\n

This design keeps each LP\u2019s slab fully self-contained and innovable, while the Router guarantees atomic routing, portfolio netting, and capability-scoped safety.\u00a0<\/p>\n

The project\u2019s GitHub repository already shows completed data structures for order books and memory pools<\/a>, although the development of liquidation systems is still in progress. However, no official launch date has been announced.<\/p>\n

Competition In Derivatives Market Intensifies<\/h2>\n

Currently, the Solana Foundation has not disclosed whether Percolator will receive formal ecosystem support or if it will emerge as a community-driven protocol.\u00a0<\/p>\n

Should it succeed, Percolator would add to the expanding repertoire of native financial primitives being developed on the Solana blockchain<\/a>, which already includes decentralized options, lending protocols, and tokenized asset platforms.\u00a0<\/p>\n

At present, the code for Percolator remains under review on GitHub, and developers engaged with the repository indicate that the project is \u201cdeep in testing.\u201d This suggests that a launch could be imminent, provided that the liquidation and governance components are finalized.<\/p>\n

The introduction of Percolator comes at a critical time, as competitors like Hyperliquid (HYPE) are expanding their presence in the derivatives-focused DEX space.\u00a0<\/p>\n

Hyperliquid recently implemented permissionless, builder-deployed perpetual contracts through its HIP-3 upgrade<\/a>, allowing users to stake a minimum of 500,000 HYPE tokens\u2014approximately $18 million\u2014to launch their own perpetual markets with independent margin rules.<\/p>\n

Hyperliquid accounted for 35% of all blockchain revenue in July, attracting users away from platforms like Solana, Ethereum (ETH), and BNB Chain. Asset manager VanEck recently noted that Hyperliquid has successfully retained high-value users, thanks in part to its \u201csimple, highly functional product.\u201d<\/p>\n

As of press time, SOL is trading at $187.70, marking a 20% loss over the past fourteen and thirty days. This puts SOL 35% below its all-time high of $293, which was reached earlier this year.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Anatoly Yakovenko, co-founder CEO of Solana Labs, has unveiled plans for a new decentralized exchange (DEX) named Percolator, designed as a sharded perpetuals protocol built directly on the Solana blockchain.\u00a0 The platform aims to provide a self-custodial and high-speed solution for perpetual futures trading, allowing crypto traders to speculate on price movements without the limitation […]<\/p>\n","protected":false},"author":0,"featured_media":106337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-106336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/106336"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=106336"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/106336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/106337"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=106336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=106336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=106336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}