The daily trading volume of Raydium derivative contracts has reached 100 million US dollars

The decentralized crypto trading engine in the Solana ecosystem, Raydium, launched derivative contract trading a few weeks ago and has already broken through $100 million in daily trading volume. These contracts allow cryptocurrency traders to speculate on price fluctuations without holding actual tokens.

Currently, it is the third most popular perpetual contract trading platform on Solana, only behind the ecosystem's trade giants Jupiter and Drift. It is reported that Raydium's perpetual contract trades are supported by Orderly Network, a project outside of the Solana ecosystem. Orderly allows perpetual contract traders from multiple blockchains to trade assets on a unified order book.