Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
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

BeInCryptoBeInCrypto2025/10/20 07:55
By:Landon Manning

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.

0

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

Bitcoin Updates Today: Tether CEO: Bitcoin’s Strength Stems from Economic Independence

- Tether CEO Paolo Ardoino reaffirmed Bitcoin's value as a tool for financial freedom, emphasizing its role in enabling self-custody and autonomy from centralized institutions. - Tether's partnership with Ledn expands Bitcoin's utility by offering lending services without selling holdings, reinforcing its infrastructure-building strategy for digital assets. - Meanwhile, crypto firms like BitMine and Strategy face market volatility and regulatory risks, with BitMine reporting $328M income but declining stoc

Bitget-RWA2025/11/24 10:08
Bitcoin Updates Today: Tether CEO: Bitcoin’s Strength Stems from Economic Independence

Zcash (ZEC) Halving Scheduled for November 2025: Driving Market Outlook and Influencing Price Trends

- Zcash's 2025 halving cut block rewards by 50%, reducing daily supply to 1,800 ZEC and boosting institutional interest. - Arthur Hayes urged ZEC holders to shift funds to shielded pools, reducing liquidity amid EU AML pressures. - Cypherpunk and Grayscale's $137M investments, plus Zashi Wallet's launch, expanded Zcash's institutional and privacy-driven appeal. - ZEC surged to $750 post-halving, fueled by $108M in treasury investments and 104% growth in futures trading volume. - U.S. regulatory clarity and

Bitget-RWA2025/11/24 10:08
Zcash (ZEC) Halving Scheduled for November 2025: Driving Market Outlook and Influencing Price Trends

Privacy-focused cryptocurrency ZEC sees price jump amid regulatory changes and shifting market sentiment

- Zcash (ZEC) surged to $683 in 2025, driven by U.S. regulatory clarity via the Clarity and Genius Acts, which legitimized privacy-focused crypto. - Institutional adoption grew, with Grayscale, Cypherpunk, and Winklevoss investing $137M-$58.88M in ZEC, viewing privacy as a strategic asset. - Quantum-resistant upgrades and shielded pools boosted ZEC's utility, though risks like regulatory shifts and overbought conditions remain. - Analysts debate ZEC's long-term viability, balancing its privacy innovation a

Bitget-RWA2025/11/24 10:08
Privacy-focused cryptocurrency ZEC sees price jump amid regulatory changes and shifting market sentiment

Bitcoin Updates: As Investors Pull Out of Bitcoin ETFs, Altcoins See Increased Inflows During November Sell-Off

- U.S. bitcoin ETFs lost $1.22B in net outflows for the week ending Nov 21, extending a four-week negative streak with total November redemptions reaching $3.79B. - Bitcoin fell below $82,000 amid a 7-month low, triggering a $350B crypto market cap drop as Citi noted 3.4% price declines per $1B ETF outflow. - Solana and XRP ETFs bucked the trend with $300M and $410M inflows, attracting institutional interest despite broader market weakness. - Analysts warn of potential 50% further Bitcoin declines, while F

Bitget-RWA2025/11/24 09:54