- Raydium launches perpetual futures trading on Solana with up to 40x leverage and gas-free transactions.
- Users can trade over 70 pairs on Raydium with low fees and deep liquidity during the public beta phase.
- Raydium ranks as Solana’s top DEX with $3B in deposits and expands with perpetual trading to meet growing demand.
Raydium has launched the public beta of its perpetual futures trading feature. Raydium is a prominent decentralized exchange on Solana. This move introduces advanced trading options for users which include up to 40x leverage and gas-free transactions. The feature is built in collaboration with Orderly Network which is a cloud-based liquidity provider.
New Trading Opportunities on Solana
The new offering allows traders to access over 70 trading pairs with competitive fees. During the beta phase, maker fees are set at 0% while taker fees remain at 0.025%. The platform leverages Solana’s high-speed and low-cost infrastructure to ensure efficient and affordable trading.
Raydium’s latest feature comes as decentralized perpetual trading gains traction. According to Dune Analytics data, decentralized exchanges offering perpetual products have recorded over $650 billion in trading volumes and more than $490 million in fees.
Raydium’s Competitive Position in DeFi
Raydium is the third-largest decentralized finance (DeFi) protocol on Solana by total value locked (TVL), with $2.2 billion in assets, according to DeFiLlama. It follows Jito and Jupiter in TVL rankings. Despite this, Raydium remains the largest DEX on the Solana network by maintaining over $3 billion in user deposits.
The addition of perpetual futures trading places Raydium in competition with other platforms like Arkham, which launched similar products last November. Hyperliquid currently dominates the market. It holds a 46.3% market share in decentralized perpetual trading, according to Dune data.
Expanding On-Chain Derivatives Market
The introduction of perpetual futures trading on Raydium highlights the growing demand for decentralized leverage trading. This comes amid increasing activity in DEX-based derivatives markets. Recent data shows DEX-to-centralized exchange spot trading volume reaching 20% for the first time.
Raydium’s beta release also incentivizes user participation by offering rewards in its native token for reporting bugs. The move underscores Raydium’s commitment to enhancing user experience and expanding its product offerings.
This development signals continued growth in decentralized trading options, leveraging Solana’s capabilities for scalable and efficient transactions.
