Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Solana Co-Founder Is Launching a New Perp DEX To Rival Aster and Hyperliquid

Solana Co-Founder Is Launching a New Perp DEX To Rival Aster and Hyperliquid

BeInCrypto2025/10/20 07:55
By: Landon Manning
SOL+0.33%HYPE+1.24%ASTER-0.42%
Anatoly Yakovenko’s new project, Percolator, signals Solana’s entry into the growing perpetuals DEX market. With core systems already built, this L1-native platform could become a major disruptor once it goes live.

Anatoly Yakovenko, a co-founder of Solana, quietly announced that he’s working on a new perp DEX. The project, called “Percolator,” will be L1 native to the SOL blockchain.

While the perp DEX market keeps growing, platforms like Aster and Hyperliquid are competing fiercely for dominance. A new wild card like Percolator could seriously disrupt the equation.

Solana’s New Perp DEX

Solana has recently been losing a little ground in the meme coin sector, but its recent successes in infrastructure investment show that it’s prepared to expand to new markets.

This morning, one Solana co-founder quietly announced that he was working on Percolator, a new perpetuals DEX native to the SOL blockchain.

Anatoly Yakovenko, the co-founder in question, doesn’t have a huge social media presence, so he only publicized this via GitHub.

However, the corresponding page reveals a lot of information about this Solana DEX. It’s a little hard to parse all the raw code, but he also shared a text file summing up Percolator’s development.

Although a few key steps like account validation, position closure, funding rate updates, and more remain uncompleted, Yakovenko has already finished many core data structures and capabilities. Percolator may begin serious stress-testing soon, depending on future progress.

Disrupting the Market

So, how could a Solana perp DEX impact the crypto market? Perp DEXs are a rapidly growing market, and that’s bringing new competition.

Aster, a CZ-backed project, recently displaced Hyperliquid’s market share, but then suffered several major setbacks. Hyperliquid, for its part, is determined to regain its upper hand.

A new contestant, however, could become a total wild card:

new perp dex on solana incoming.let's get this straight* there’s hyperliquid.* then there's next hyperliquid i.e lighter.* then there's hyperliquid’s competitor on bnb chain is aster.* and now, hyperliquid and aster’s competitor on solana is percolator.Interesting times

— Arunima Ganguly (✧ᴗ✧)

In other words, there might be a major disruption in the future. If the perp DEX market keeps growing without a clear leader, a new L1 from Solana could make a big splash.

That all depends on Percolator’s technical features and the timing of its launch, but the project is worth keeping an eye on.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

XRP News Today: XRP Whales Sell 70M, Retail Investors Drive Price Up by Absorbing Supply

- XRP whales sold 70M tokens in two weeks, yet price rose to $2.55 amid retail/institutional buying. - Whale holdings increased (12.65% at 1M-10M range) while futures funding rates turned positive, signaling bullish sentiment. - Technical indicators show bullish reversal patterns, but price remains below 50-day SMA and faces $2.60 resistance. - Regulatory delays (SEC ETF decisions) and macro risks persist, though institutional demand stabilizes via Evernorth's $1B Nasdaq listing plan.

Bitget-RWA2025/10/25 06:50
Solana Latest Updates: Optimism for Solana ETF Faces Challenges Amid Waning Momentum as $200 Approaches

- Solana's price hovers near $183 amid speculation about potential U.S. spot-SOL ETF approval following Hong Kong's regulatory green light. - Technical analysis shows mixed signals: a $200 breakout could drive momentum toward $230–$300, while support below $175 risks a pullback to $160–$165. - Despite 85% bullish community sentiment and institutional adoption potential, declining on-chain activity and regulatory uncertainties cloud near-term outlook. - Upcoming Solana Breakpoint conference in December will

Bitget-RWA2025/10/25 06:50
XRP News Today: SEC Closure Delays Crypto ETFs Amid Rising Institutional Interest

- SEC's prolonged silence on crypto ETFs, including XRP and ADA, delays approvals amid government shutdown. - ProShares files diversified crypto ETF using swaps, reflecting growing institutional demand for regulated products. - Shutdown freezes critical reviews, leaving over 20 ETP filings in regulatory limbo despite market demand. - Analysts predict post-shutdown ETF surge but warn SEC's tokenization delays and governance risks persist.

Bitget-RWA2025/10/25 06:34

Trending news

More
1
XRP News Today: XRP Whales Sell 70M, Retail Investors Drive Price Up by Absorbing Supply
2
Solana Latest Updates: Optimism for Solana ETF Faces Challenges Amid Waning Momentum as $200 Approaches

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,435.1
+0.01%
Ethereum
Ethereum
ETH
$3,934.61
-1.12%
Tether USDt
Tether USDt
USDT
$1
+0.01%
BNB
BNB
BNB
$1,116.69
-1.88%
XRP
XRP
XRP
$2.54
+4.17%
Solana
Solana
SOL
$194.28
+0.57%
USDC
USDC
USDC
$1.0000
+0.01%
Dogecoin
Dogecoin
DOGE
$0.1987
+0.26%
TRON
TRON
TRX
$0.2952
-5.85%
Cardano
Cardano
ADA
$0.6521
-0.07%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter