Anatoly Yakovenko, a co-founder of Solana, quietly introduced that he’s engaged on a brand new perp DEX. The challenge, known as “Percolator,” might be L1 native to the SOL blockchain.
Whereas the perp DEX market retains rising, platforms like Aster and Hyperliquid are competing fiercely for dominance. A brand new wild card like Percolator may severely disrupt the equation.
Solana’s New Perp DEX
Solana has not too long ago been shedding somewhat floor within the meme coin sector, however its latest successes in infrastructure funding present that it’s ready to increase to new markets.
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This morning, one Solana co-founder quietly introduced that he was engaged on Percolator, a brand new perpetuals DEX native to the SOL blockchain.
Anatoly Yakovenko, the co-founder in query, doesn’t have an enormous social media presence, so he solely publicized this through GitHub.
Nonetheless, the corresponding web page reveals loads of details about this Solana DEX. It’s somewhat laborious to parse all of the uncooked code, however he additionally shared a textual content file summing up Percolator’s improvement.
Though a couple of key steps like account validation, place closure, funding price updates, and extra stay uncompleted, Yakovenko has already completed many core knowledge constructions and capabilities. Percolator could start critical stress-testing quickly, relying on future progress.
Disrupting the Market
So, how may a Solana perp DEX influence the crypto market? Perp DEXs are a quickly rising market, and that’s bringing new competitors.
Aster, a CZ-backed challenge, not too long ago displaced Hyperliquid’s market share, however then suffered a number of main setbacks. Hyperliquid, for its half, is set to regain its higher hand.
A brand new contestant, nonetheless, may change into a complete wild card:
new perp dex on solana incoming.
let’s get this straight
* there’s hyperliquid.
* then there’s subsequent 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.
Attention-grabbing occasions https://t.co/DLXjAu7GWt pic.twitter.com/wt2xVrv9x1
— Arunima Ganguly (✧ᴗ✧) (@ArunimaGanguly2) October 20, 2025
In different phrases, there could be a serious disruption sooner or later. If the perp DEX market retains rising and not using a clear chief, a brand new L1 from Solana may make an enormous splash.
That each one depends upon Percolator’s technical options and the timing of its launch, however the challenge is value keeping track of.
