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.
Stablecoin giant Tether has dramatically escalated its enforcement activity after blacklisting 370 blockchain addresses and freezing approximately $514.64 million worth…
Crypto exchange giant Coinbase experienced a major service outage that disrupted trading, transfers, and exchange operations after…
Cross-chain messaging protocol LayerZero has publicly apologized for its handling of the massive Kelp DAO exploitthat drained approximately $292…
Executives from PayPal and Google Cloud said the future of “agentic commerce” — where AI agents autonomously buy goods,…
Crypto exchange giant Kraken is making a major move deeper into the U.S. financial system after its…
A major national security scandal has erupted in Taiwan after prosecutors indicted a Taiwanese news…