SAN FRANCISCO / LONDON (IT BOLTWISE) – Solana Labs plans to launch a new decentralized trading platform called ‘Percolator’. This platform aims to enable trading of perpetual futures contracts on the Solana blockchain. The announcement follows the success of Hyperliquid and Astar, which already operate similar platforms.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
Solana Labs, known for its innovative blockchain technology, plans to launch a new decentralized trading platform called ‘Percolator’. This platform aims to enable trading of perpetual futures contracts on the Solana blockchain. Anatoly Yakovenko, co-founder and CEO of Solana Labs, recently unveiled the plans for this new protocol. The platform will consist of two main programs: the Router program, which is responsible for managing collateral and portfolio margins, and the Slab program, which acts as a perpetuals engine.
The market for decentralized trading platforms is growing rapidly, and Solana Labs aims to play a significant role in this space with ‘Percolator’. The platform aims to allow traders to speculate on cryptocurrency prices without an expiration date, providing a flexible and continuous trading opportunity. This development comes at a time when other platforms such as Hyperliquid and Astar are already enjoying success.
Hyperliquid recently launched an upgrade that allows third parties to launch their own perpetual swap contracts on the platform. This innovation has resulted in Hyperliquid gaining significant market share, particularly at the expense of Solana and other blockchains such as Ethereum and BNB Chain. According to a report by VanEck, Hyperliquid captured 35% of total blockchain sales in July.
The competition in the area of decentralized trading platforms is intense. Aster, a platform launched on BNB Chain, has surpassed Hyperliquid in terms of daily trading volume. Despite this competition, Hyperliquid remains the leader with a 30-day trading volume of $309 billion. Solana Labs hopes to set a new standard with ‘Percolator’ and increase the attractiveness of the Solana blockchain for traders.
*Order an Amazon credit card with no annual fee with a credit limit of 2,000 euros! a‿z
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Solana plans new decentralized trading platform ‘Percolator’”.
The post Solana plans new decentralized trading platform ‘Percolator’ appeared first on Veritas News.
