Solana Co-Founder Develops New Decentralized Perpetual Exchange
Anatoly “Toly” Yakovenko, co-founder of Solana, is quietly building a new decentralized perpetual exchange called Percolator. This is based on his public activity on GitHub. The repository shows a framework for on-chain perpetual futures trading. Yakovenko appears to be directly advancing Solana’s DeFi infrastructure.
The Solana community has shown strong interest. Developers note Yakovenko’s active role in technical discussions and code updates.
The project is still in early development. Its design suggests a high-performance, self-custodial exchange. It may compete with Hyperliquid, which leads the perpetuals market with billions in monthly volume.
This development aligns with Solana’s growing role in decentralized trading. The network’s speed and liquidity have made it popular for high-volume DeFi activity. Solana’s market cap recently reached $104 billion, according to CoinGecko.
Solana’s DEX Growth Supports New Projects
In July, Solana’s decentralized exchanges hit $6 billion in daily trading volume. This was their highest level in two months. Platforms like Raydium, Orca, SolFi, and Meteora drove the increase. Strong stablecoin liquidity and fast settlement speeds supported this growth.
Yakovenko’s Percolator project builds on this momentum. As Solana’s spot market grows, moving into perpetual futures is a natural step. This shift extends Solana’s advantages from trading speed to market structure.
Potential Impact of Percolator on Solana’s DeFi Ecosystem
If Percolator launches successfully, it could strengthen Solana’s position in decentralized exchanges. It may also become a foundation for new DeFi derivatives infrastructure. This would further establish Solana as a key player in the DeFi space.
