Key takeaways
- Raydium Launches Perpetual Futures Beta, Offering 70+ Pairs, Up to 40x Leverage, and Low Fees Powered by Orderly Network.
- Perpetuals on DEX have surpassed $650 billion in volume, with Raydium joining the profitable on-chain derivatives market.
Share this article
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, with 0% maker fees and 0.025% taker fees during the beta period.
With a total value locked of $2.2 billion, Raydium ranks behind Jito and Jupiter among Solana’s DeFi protocols, according to DeFiLlama data.
The expansion of perpetual futures comes as DEX-based perpetual products have generated more than $650 billion in trading volumes and more than $490 million in fees, based on a Dune dashboard from Shogun.
Hyperliquid currently dominates the perpetual swap market with a 46.3% market share, according to a Dune dashboard by uwusanauwu.
The move puts Raydium in competition with other platforms like Arkham, which launched perpetual and spot products last November.
The new offering leverages Solana’s high-throughput, low-cost infrastructure to provide users with omni-chain liquidity and derivatives trading capabilities.
Share this article
