Solana co-founder Anatoly Yakovenko announced the development of the Percolator , a new perpetual DEX built directly on the Solana (SOL) blockchain. The proposal aims to create a native derivatives platform without reliance on layer 2 solutions, offering fast transactions and extremely low fees.
The launch represents a potential shift in the balance of power among the industry's leading DEXs, currently dominated by Aster and Hyperliquid, which are competing for control of the on-chain derivatives market. Aster, once a benchmark for liquidity and efficiency, is facing pressure from a decline in the number of active users and a sharp drop in the price of the ASTER token.
Still in its early stages, Percolator has already generated significant interest among developers and investors. Information is available on GitHub. show that essential modules, such as financing rate control, account verification, and position management, are already operational. Stress tests are scheduled to take place soon, which could validate the project's robustness.
Solana's ecosystem, known for its high throughput and low operating costs, provides Percolator with a competitive advantage. If it can deliver consistent performance and stability, the protocol could attract significant liquidity, diverting capital and trading volume from rival platforms like Aster and Hyperliquid.
Meanwhile, the market remains closely monitoring the ASTER token, which is attempting to sustain itself above the psychological support of $1 after days of sharp declines. Technical indicators show weakening momentum: the MACD has crossed below the signal line, suggesting a bearish trend, while the RSI is approaching 31, a typical oversold zone.
Analysts note that the competitive pressure imposed by Solana's entry into this segment could intensify Aster's challenge to maintain relevance. Percolator's performance in the coming months will be crucial in determining whether it establishes a new standard for perpetual trading within the cryptocurrency ecosystem.