Decentralized exchanges like Percolator and Hyperliquid show how crypto trading is shifting away from centralized platforms such as Binance or Coinbase.
Yakovenko shared the first details of Percolator on GitHub, describing it as a “sharded perpetual exchange protocol” built directly on the Solana blockchain.
Percolator will have two main parts:
This setup aims to make the exchange faster and fully on-chain. This means all trading happens transparently without middlemen.
Percolator’s launch comes at a time when decentralized trading is becoming more competitive. Platforms like Hyperliquid and Astar have been growing rapidly, offering better trading tools and smoother user experiences.
In July, investment firm VanEck reported that Hyperliquid captured 35% of total blockchain revenue, gaining users who previously traded on Solana, Ethereum, and BNB Chain.
That report suggested that traders moved to Hyperliquid because of its simple interface and high-speed trading. These are the same qualities Solana is known for. Yakovenko’s new DEX could be Solana’s way of winning those users back.
Decentralized exchanges like Percolator and Hyperliquid show how crypto trading is shifting away from centralized platforms such as Binance or Coinbase. Traders want more control, transparency, and speed, and that’s what on-chain perpetual DEXs promise.
If successful, Percolator could bring fresh momentum to Solana, positioning it as a leader again in the DeFi derivatives space.
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🚨 Solana founder Anatoly Yakovenko is building a new perp DEX called Percolator. He said it’s just an experiment using Claude AI to test ideas - exploring whether a prop AMM-style competition for perps could work through a DEX with a single memory slab for LP risk + matching and Show more
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