Thomas Daniels
The beta perpetual futures trading feature of Raydium, the biggest decentralized exchange (DEX) on the Solana blockchain, has been made public. Created in partnership with Orderly Network, a well-known cloud-based cryptocurrency liquidity provider, the new product allows customers to trade with up to 40x leverage and enjoy gas-free transactions. Solana’s DeFi ecosystem, which is renowned for its speed and inexpensive transaction costs, has seen a major improvement with this.
Raydium announced the news on X (previously Twitter), highlighting how deep omni-chain liquidity supports the trading experience. The platform is compensating beta program participants with Raydium (RAY), its native token, for seeing and reporting UI/UX problems in order to encourage user participation.
With more over $3 billion in total customer deposits, Raydium is Solana’s biggest DEX, according to DeFiLlama. It is also the third-largest decentralized exchange in the world by total value locked (TVL), behind only Uniswap and Curve Finance.
Raydium’s entry into perpetual futures trading is in line with rivals Hyperliquid’s strategy, which saw notable success in late 2024. Despite being a more recent addition to Raydium’s product line, the company’s team probably spent months building the reliable infrastructure needed for futures trading.
Additionally, this announcement is in line with more general industry trends. For the first time, data indicates that spot trading volumes on decentralized exchanges (DEX) now account for 20% of the overall market volume. Even though futures trading is not the same as spot trading, DEXs’ increased use of perpetual products indicates the rising demand for on-chain leveraged trading solutions.
Retail and institutional investors may be quite interested in Raydium’s beta launch as decentralized finance develops further. The platform demonstrates its intention to gain a greater portion of the DeFi derivatives market by combining user incentives with sophisticated trading capabilities.
