Percolator | Crypto

Solana co-founder Anatoly Yakovenko has unveiled Percolator on Solana, presenting an implementation-ready DEX design for native Perp markets. The release has arrived as Solana’s perp volumes have softened while Hyperliquid and Aster have expanded their share. The post Solana Founder Unveils ‘Percolator’ Perp DEX – A Direct Shot at Aster and Hyperliquid appeared first on Cryptonews.

The plans for the new perpetual DEX come two months after a VanEck report highlighted Hyperliquid’s growth on the expense of Solana and other large chains. Solana Labs co-founder and CEO Anatoly Yakovenko is the latest crypto founder to announce plans for a decentralized exchange (DEX), following the success of Hyperliquid and Astar. On Monday, Yakovenko uploaded plans outlining a new sharded perpetual exchange protocol on the Solana blockchain, dubbed Percolator. A perpetual exchange is a decentralized trading protocol for perpetual futures contracts, which allows traders to speculate on cryptocurrency prices without an expiration date. Read more