Founder Prepares Solana DEX Percolator: What Is It?

Bittime - Anatoly Yakovenko, founder of Solana (SOL), just introduced a development planSolana's DEX Percolator. This is a decentralized trading platform (DEX) that focuses on perpetual futures contracts.

This project has been in the spotlight because it is predicted to bring a breath of fresh air to the Solana ecosystem amid increasing competition among crypto trading platforms.

Yakovenko's move comes just two months after the VanEck report revealed that Hyperliquid, a major competitor in the perpetual DEX sector, has managed to attract many users from Solana and other major networks.

With the emergence ofPercolator Solana, the founder seems to want to show that this network still has great potential to compete in the decentralized trading space.

What Is Solana's Percolator DEX?

For those of you who don't knowWhat is a Percolator?, this project is a new initiative from the Solana team to bring perpetual decentralized exchange(solana perpetual DEX) which allows users to trade crypto assets without contract expiration time limits.

This means traders can speculate on the price of an asset at any time, without having to worry about the contract expiring as in traditional futures trading.

In the original plan, Percolator will consist of two main programs that operate directly on the Solana blockchain. First, Router program, which functions to regulate asset collateral, portfolio margins, and transaction routing systems.

Second, Slab program, which is the main engine for running perpetual trading with a fully automated and independent transaction matching and settlement system.

This concept is believed to increase transaction speeds and reduce costs, two things that have long been the main advantages of the Solana network compared to other blockchains such as Ethereum and BNB Chain.

Read also: Solana's PumpFun Narrative: Mechanisms, Flagship Token Listing, and Risks for Investors

Why is a Percolator Important for Solana?

BirthPercolator DEX SolanaThis is a strategic move amidst competition among decentralized trading platforms. According to data from VanEck, Hyperliquid generated 35% of global blockchain revenue last July.

Many users are moving away from Solana because they are looking for a platform with a simple interface and high performance.

With the presence of Percolator Solana is working to re-establish itself as an attractive ecosystem for traders and developers. Yakovenko aims to prove that decentralization isn't just an idea, but can be translated into a real, efficient, and user-friendly product.

Furthermore, this project also shows a new direction for the Solana network, which is now starting to focus on building more professional and sustainable trading solutions, rather than relying solely on short-term trends.

Read also: 6 Altcoins Worth a Look As Solana Price Nears ATH!

Competition with Hyperliquid and Aster

Percolator Solana cannot escape the shadow of two main competitors, namely Hyperliquid and Aster. Both platforms have grown rapidly in recent months.

Hyperliquid recorded a monthly trading volume of up to 319 billion US dollars, while Aster on the BNB Chain network even reached a daily volume of 14.5 billion US dollars.

Given these figures, it's clear that the perpetual DEX market is becoming increasingly competitive. However, Solana offers unique advantages: fast network efficiency and low transaction fees.

If Percolatorable to utilize these two things well, the opportunity to win back old users is wide open.

Read also: PayPal Adds Chainlink (LINK) and Solana (SOL)

Initial Steps and Community Hopes

Plan Percolator DEX SolanaIt's still in its early stages and being developed on GitHub by Yakovenko and his team. While there's no official launch date yet, the community's enthusiasm is already evident.

Many hope this project can be the answer to the need for a fast, transparent, and fully decentralized perpetual DEX platform.

For the Solana ecosystem, Percolator is not just a new project, but a symbol of revival after losing some market share to competitors in recent times.

If successful, Percolator could be a pioneer for new innovations in the world of public blockchain-based crypto trading.

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FAQ

What is a Percolator?

Percolator is a new project from Solana's founders that aims to build a perpetual DEX on the Solana network for trading contracts without expiration.

Who developed the Solana DEX Percolator?

Percolator was developed directly by Anatoly Yakovenko, founder of Solana Labs, along with his development team via a GitHub repository.

What are the advantages of Percolator over other DEXs?

Percolator leverages Solana's speed and efficiency with two main programs, Router and Slab, which make transactions faster and more transparent.

Is the Percolator ready to use?

Not yet. The project is still in its early development stages, but plans and technical specifications have been publicly released.

What impact will this have on the Solana ecosystem?

Percolator is expected to strengthen Solana's position in the DEX sector and attract back users who had previously switched to other platforms like Hyperliquid and Aster.