Solana Unveils Percolator: Sharded Perpetual Futures DEX
Anatoly Yakovenko has launched Percolator, a sharded perpetual futures DEX on Solana. Percolator features a Router module for collateral management, margining and cross-slab routing, and a Slab module as a standalone matching engine run by liquidity providers. GitHub hosts the complete documentation, including order book and memory pool structures. A testnet launch is expected soon as development of liquidation and governance modules nears completion. Percolator enters a competitive environment dominated by Hyperliquid, which currently captures 35% of on-chain revenue with its permissionless perpetual markets. By leveraging Solana’s parallel processing and high throughput, Percolator aims to boost capital efficiency, reduce latency, and expand Solana’s DeFi ecosystem into derivatives trading. Traders should watch Percolator’s testnet for opportunities in high-frequency futures strategies and monitor SOL’s performance ahead of launch.
Bullish
Percolator’s launch on Solana is a bullish catalyst for SOL. In the short term, traders will anticipate testnet activity and potential liquidity flows into perpetual futures markets, driving speculative interest. Long term, a successful sharded DEX can attract sustained derivatives volume, strengthen capital efficiency and network usage, and boost demand for SOL as collateral and gas. This innovation by Solana’s co-founder could cement Solana’s position in DeFi derivatives and support upward pressure on SOL.