Key Takeaways
- Raydium launches perpetual futures beta with 70+ trading pairs, up to 40x leverage, and low fees via Orderly Network.
- Perpetual asset trading volume on DEX exceeds $650 billion, and Raydium joins the lucrative on-chain derivatives market.
Share this article
Raydium, the third largest DeFi protocol on Solana, has launched a public beta for perpetual futures trading on the Orderly Network.
The platform offers gas-free trading and access to over 70 trading pairs with up to 40x leverage, with maker fees of 0% and taker fees of 0.025% during the beta period.
With a total value of $2.2 billion, Raydium lags behind only 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 more than $650 billion in trading volume and $490 million in fees, based on Shogun’s Dune dashboard.
Hyperliquid currently dominates the perpetual trading market with 46.3% market share, according to uwusanauwu’s Dune dashboard.
The move puts Raydium in competition with other platforms such as Arkham, which launched both perpetual and spot products last November.
The new service leverages Solana’s high-speed, low-cost infrastructure to provide users with omnichain liquidity and derivatives trading capabilities.
Share this article