Raydium, the largest decentralized exchange (DEX) on Solana, has officially launched its perpetual futures trading feature in public beta, enabling users to trade with up to 40x leverage. This major development marks Raydium's entry into the growing sector of on-chain leverage trading.

Key Features of Raydium’s Perpetual Trading

Advanced trading tools for Solana users

Raydium’s beta perpetual futures trading offers a suite of innovative features aimed at enhancing user experience:

• Up to 40x Leverage: Traders can amplify their positions with significant leverage.
• Gas-Free Trades: No gas fees, providing cost-efficient trading.
• Omni-Chain Liquidity: Powered by Orderly Network, ensuring deep liquidity across multiple chains.
• Bug Bounty Rewards: Users can earn Raydium (RAY) tokens for reporting UI/UX bugs during the beta phase.

These features aim to deliver a seamless and scalable trading experience within the Solana ecosystem.

Raydium’s Market Position

Dominating Solana’s DeFi landscape

According to DeFiLlama, Raydium holds over $3 billion in total value locked (TVL), making it:

• Solana’s largest DEX.
• DeFi’s third-largest exchange, following Uniswap and Curve.

Raydium’s new futures product aligns with the growing market demand for on-chain derivative products, building on the momentum of competitors like Hyperliquid.

Industry Context: Rising Demand for Perpetual Trading

DEXs are catching up with centralized exchanges (CEXs)

Recent market trends show:

• DEX spot trading volumes have surged to 20% of centralized exchange volumes for the first time.
• Growing user demand for decentralized leverage trading as adoption rises.
• More DEXs exploring perpetual futures to expand their offerings.

Raydium’s move into perpetuals reflects the broader trend of DeFi platforms closing the gap with centralized exchanges in terms of product diversity.

Strategic Partnership with Orderly Network

Enhancing liquidity and trade execution

Raydium’s partnership with Orderly Network enhances its:

• Liquidity Depth: Seamless trade execution across chains.
• Scalability: Infrastructure designed to support high-leverage trading.
• User Experience: Instant, gas-free transactions on Solana.

This collaboration strengthens Raydium’s position as a leading DeFi platform on Solana.

Potential Market Impact of Raydium’s Perpetuals

Boosting DeFi growth on Solana

Raydium’s perpetual trading feature could:

• Attract more institutional and retail traders to Solana’s DeFi ecosystem.
• Increase RAY token demand as it integrates further into the platform’s incentive structure.
• Position Solana as a strong contender for on-chain derivatives trading.