Raydium, the third-largest DeFi protocol on Solana, has launched a public beta for perpetual futures trading through Orderly Network. The platform offers gas-free trading and access to over 70 trading pairs with up to 40x leverage, featuring maker fees of 0% and taker fees of 0.025% during the beta period. With $2.2 billion in total value locked, Raydium ranks behind Jito and Jupiter among Solana’s DeFi protocols, according to DeFiLlama data.
The expansion into perpetual futures comes as DEX-based perpetual products have generated over $650 billion in trading volumes and more than $490 million in fees, based on a Dune dashboard by Shogun. Hyperliquid currently dominates the perpetual trading market with a 46.3% market share, according to a Dune dashboard by uwusanauwu.
The move places Raydium in competition with other platforms like Arkham, which introduced both perpetual and spot products last November. The new offering leverages Solana’s high-speed, low-cost infrastructure to provide users with omni-chain liquidity and derivatives trading capabilities.
Nasdaq is deepening its push into tokenized markets with a $100 million investment in Payward,…
MoneyGram is pushing stablecoins beyond crypto trading and remittances with a new payment card designed…
Hunter Biden’s newly launched LAPTOP memecoin delivered exactly the kind of chaos critics warned about…
Jack Dorsey's Block is making another major move into regulated finance, applying to create a…
Some of the world's biggest AI platforms experienced overlapping service disruptions on Thursday, September 3,…
Official U.S. economic data is moving directly onto public blockchains. The U.S. Department of Commerce…