🌎 Raydium Launches Perpetual Futures Trading for Solana

Raydium Launches Perpetual Futures Trading in Public Beta for Solana Users

Decentralized exchange Raydium has introduced perpetual futures trading for Solana users, with the feature currently available in public beta. The launch is a result of a partnership with Orderly Network, a cloud-based crypto liquidity provider. This new feature allows users to trade with up to 40x leverage and execute gas-free trades backed by deep omni-chain liquidity.

Key Features and Benefits

Some of the key features and benefits of Raydium’s perpetual futures trading include:

Up to 40x leverage for traders
Gas-free trades backed by deep omni-chain liquidity
Lowest fees on over 70 pairs
Earning opportunities for Raydium’s native token, RAY, by reporting UI/UX bugs during the beta phase

Raydium, the largest Solana DEX, boasts over $3 billion in user deposits, ranking as DeFi’s third-largest exchange by total value locked, behind Uniswap and Curve. The launch of perpetual trading follows Hyperliquid’s breakout late last year, indicating a growing trend in the adoption of on-chain leverage trading.

Market Impact and Trends

The news comes as DEX to centralized exchange spot trading volume increased to 20% for the first time. While futures trading differs from spot trading, more DEXs venturing into perpetual offerings could signal growing demand for on-chain leverage trading as adoption increases and user activity grows.