Solana DEX Raydium Launches Perpetual Futures Trading with Orderly Network

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Raydium, the primary decentralized exchange (DEX) on the Solana network, has initiated perpetual futures trading through collaboration with Orderly Network. This marks Solana’s inaugural entry into perpetual futures trading, leveraging Orderly’s advanced cross-chain liquidity system for support. This significant step signifies a pivotal move in the realm of decentralized finance on Solana, broadening trading possibilities.

GM! Exciting news from GM Radiators: The public beta for continuous futures trading on Raydium, backed by Orderly Network, is now active! 🚀

Raydium Perps provides gas-free trading and the lowest fees for more than 70 pairs to Solana users, offering an enjoyable trading experience. 😎

Want to learn more? Find the details below 👇1/4

— Raydium (@RaydiumProtocol) January 9, 2025

In a leading position boasting over 8.4 million users and 600,000 active traders daily, Raydium stands as a pivotal figure in the decentralized finance (DeFi) ecosystem of Solana. Initially concentrating on spot trading, Raydium has now integrated Orderly’s cross-chain orderbook, unifying liquidity from 30 exchanges and 73 perpetual contracts. This transformation enables more efficient leveraged futures trading with improved liquidity.

Yi, a Co-Founder at Orderly Network, highlighted the significance of the integration, likening it to a significant leap forward for Solana’s decentralized finance (DeFi) landscape. Furthermore, he stated:

Integrating Raydium with Orderly Network is a significant advancement for the DeFi environment of Solana. By merging Raydium’s top-tier user interface and proven protocol with Orderly’s cross-chain liquidity framework, we can expect to see increased liquidity levels and a wider array of trading possibilities.

Perpetual Futures Bridge the Gap in Solana’s Market

As an analyst, I can say that Raydium is a dominant force in spot trading. However, Solana-based platforms have historically lagged behind Ethereum-powered ones when it comes to offering perpetual futures, primarily due to challenges with liquidity and infrastructure. That said, the integration of Orderly into the mix addresses these problems by merging orders into a single, unified order book that spans across multiple blockchains. This leads to tighter spreads and improved trading precision.

As a researcher delving into the realm of decentralized finance, I can’t help but notice the significant impact of perpetual futures. These innovative financial instruments have been instrumental in driving an astounding $650 billion in trading volume across the market. Moreover, they’ve managed to rake in a staggering $490 million in fees, according to Shogun’s analytics.

It’s fascinating to observe how Hyperliquid has seized a commanding 46.3% share of this sector, indicating a growing appetite for these products. Now, the stage is set for a newcomer – Raydium – entering this competitive landscape. Their focus is squarely on traders who are drawn to the intriguing concept of on-chain leveraged trading.

In the beta stage, Raydium offers more than 70 different trading options, each with a potential leverage of up to 40 times. Furthermore, it presents the advantage of having zero maker fees and taker fees set at a competitive 0.025%. This makes it an attractive choice for market participants.

Solana’s DEX Growth Reflects DeFi’s Expanding Horizon

The advancements in Raydium’s perpetual trading align with broader tendencies within the Decentralized Finance (DeFi) sector. It’s notable that trading volumes between decentralized-to-centralized exchanges now account for approximately 20%, demonstrating a significant inclination towards decentralized platforms. Raydium, ranking third among Solana’s DeFi protocols, holds a total value of $2.13 billion (TVL), trailing behind Jito and Jupiter, as reported by DefiLlama.

Moving past just figures, this integration underscores the growing sophistication of the Decentralized Finance (DeFi) ecosystem on Solana. Orderly’s infrastructure, built to provide ample liquidity across various blockchains without the risks associated with cross-chain bridging, is establishing a secure and scalable foundation for seamless trading experiences.

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2025-01-10 03:30