Solana Founder Unveils New Perpetual DEX ‘Percolator’ Amidst Growing Competition

Anatoly Yakovenko, co-founder and CEO of Solana Labs, has introduced a new decentralized exchange (DEX) protocol called ‘Percolator’. This follows the success of Hyperliquid and Astar in attracting users seeking decentralized trading solutions. Percolator is built on the Solana blockchain and promises to offer perpetual futures contract trading, allowing traders to speculate on cryptocurrency prices without expiration dates. The platform’s two core components are the Router program, responsible for managing collateral, portfolio margins, and cross-slab routing, and the Slab program, which provides a fully self-contained matching and settlement engine.