As a financial analyst, I’m excited to announce that I am working with Raydium to bring futures trading opportunities to Solana users. Currently, we are in the beta phase of this groundbreaking feature, which allows users to explore and trade futures contracts on the Solana blockchain. Stay tuned for more updates as we continue to refine and expand this service!
Raydium’s decentralized exchange, Solana, has launched its long-awaited perpetual futures trading feature as a public beta in collaboration with Orderly Network, a leading crypto liquidity service operating on the cloud.
As a crypto investor, I recently discovered that Raydium offers an impressive platform where traders can leverage up to 40 times their initial investment for trades, all without any gas fees. Moreover, this platform boasts of extensive liquidity across various blockchains, ensuring smooth and efficient trading experiences.
Excitingly, during the beta phase, users like myself have an opportunity to contribute by reporting user interface (UI) or user experience (UX) issues. In return, we can earn Raydium’s native token, RAY, as a reward for our valuable feedback.
GM from GM Radiators! Exciting update here!
The public beta for perpetual futures trading has officially gone live on Raydium, supported by Orderly Network. Buckle up and prepare for takeoff 🚀
Raydium Perps provides Solana users with a gas-free trading experience and the most affordable fees across more than 70 pairs. Sounds amazing, right? 😎
Don’t miss out:
More details are available below 👇
1/4— Raydium (@RaydiumProtocol) January 9, 2025
As per DefiLlama’s findings, Raydium stands out as the most significant Decentralized Exchange (DEX) on the Solana network, with more than $3 billion in assets deposited by users. In terms of total value locked, it ranks as the third-largest DeFi exchange, following Uniswap and Curve.
Raydium launched its continuous trading mechanism after Hyperliquid made a significant breakthrough towards the end of last year. It’s plausible that Raydium’s team had been developing this particular feature for several months, as they were focused on creating next-generation trading systems for future deployment.
The news is significant because for the first time, the trading volume between decentralized exchanges (DEX) and centralized exchanges for spot trading has risen to 20%. This increase might suggest a rising interest in on-chain leverage trading as more people adopt these platforms and engage in user activity. Moreover, an increasing number of DEXs offering perpetual contracts could be indicative of this growing demand.
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2025-01-09 23:08