2025-11-24 06:27:19

Yakovenko is quietly developing a new futures DEX on Solana 🧠

The co-founder of Solana uploads the code for the Percolator project to GitHub – a decentralized exchange for perpetual futures. The repo appeared on October 19, and already 8 developers have started copying the code for testing.

What's inside:
- Price-time priority matching of orders
- JIT penalty system against manipulation
- Auto-liquidation based on margin
- Kill band price jump protection

The community immediately linked this to the closure of the old Serum ( compromised during the FTX hack ). It seems that Yakovenko is preparing a replacement for the derivatives infrastructure on Solana.

Plus there is also Pacifica — another DEX derivative platform, already in closed beta. The argument there is simple: your money is in your wallet, not on the exchange. This means no one can freeze or block it.

Data: TVL Solana DEX increased by 2.59% in the last 24 hours, trading volume $3.686B. SOL +1.6%.

Diagnosis: decentralized exchanges are slowly but surely putting pressure on centralized ones.

SOL1,9%

SRM-6,47%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.