Raydium launches perpetual futures trading on Solana
Key Takeaways
- Raydium launches perpetual futures beta, offering 70+ pairs, up to 40x leverage, and low fees powered by Orderly Network.
- Perpetuals on DEXs have exceeded $650 billion in volume, with Raydium joining the profitable on-chain derivatives market.
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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.
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