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.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
Copyright Altcoin Buzz Pte Ltd.
U.S. spot Bitcoin ETFs attracted $986.9 million last week, extending their positive streak to three weeks as institutional demand recovered and BTC held near $80,000.
BTC
Bitcoin ETFs attracted $986.9 million in the week ending September 4, while Ethereum, Solana, XRP and Hyperliquid ETF inflows plunged after a strong late August run.
BTC
ETH+2 more
Liquid Network halted transactions after roughly 4,000 BTC worth $320 million was withdrawn from its federation wallet by purported white-hat hackers.
BTC🚨 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
Trending Gaming on Solana in the Last 7 Days 🎮 Which Solana game got you hooked lately?👇 @BR1INFINITE @MixMobOrigin @staratlas @photofinishgame @blockstranding @addicteddotfun @pikamoongame @OthersideMeta @DeFi_Land @decimated_game
💥BREAKING ASTER LEADS THE PERPETUAL DEX VOLUME RANKINGS WITH $10.6B IN THE PAST 24H, FOLLOWED BY LIGHTER AT $10.1B AND HYPERLIQUID WITH $8B.
