Key Takeaways
- Raydium launches perpetual futures beta, offering 70+ pairs, up to 40x leverage, and low fees powered by Orderly Network.
- Eternity on DEXs has exceeded $650 billion in volume, with Raydium joining the lucrative market of on-chain products.
Share this article
Raydium, the third largest DeFi protocol on Solana, has launched public beta for perpetual futures trading through Order Network.
The platform offers gas-free trading and access to more than 70 trading pairs with up to 40x leverage, featuring maker fees of 0% and taker fees of 0.025% during the beta period.
With $2.2 billion in total locked-in value, Raydium ranks behind Jito and Jupiter among Solana's DeFi protocols, according to Data DeFiLlama.
The expansion into perpetual futures comes as DEX-based perpetual products have generated more than $650 billion in trading volumes and more than $490 million in fees, based on its Dune dashboard by Shogun.
Hyperliquid currently dominates the perpetual trading market with a market share of 46.3%, according to its Dune dashboard about a fifth.
The move puts Raydium in competition with other platforms such as Arkham, which introduced both permanent and spot products last November.
The new offering leverages Solana's high-speed, low-cost infrastructure to provide users with omni-chain liquidity and derivatives trading capabilities.
Share this article
