Solana DEX Raydium launches beta perp trading

Daniel

Decentralized exchange Raydium will offer futures trading to Solana users with the feature currently in beta.

Solana DEX Raydium announced that its perpetual futures trading option is now live in public beta in partnership with Orderly Network, a cloud-based crypto liquidity provider.

Raydium stated in a post on Investors can also earn Raydium’s native token (RAY) by reporting UI/UX bugs during the beta phase. .

According to DefiLlama, Raydium is the largest Solana DEX and has over $3 billion in user deposits. The project ranks as DeFi’s third-largest exchange in terms of total locked value, behind Uniswap and Curve.

Raydium began trading continuously after Hyperliquid imploded late last year. But RAY’s team has likely been developing this feature for months, given its mission to deliver future trading systems.

The news also comes as DEX’s central exchange spot trading volume rose to 20% for the first time. While futures trading is different from spot trading, more DEXs embarking on perpetual offerings could signal increased demand for on-chain leveraged trading as adoption increases and user activity increases.

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