Solana Founder Shares Plans For New Perp DEX ‘Percolator’

Solana Labs co-founder and CEO Anatoly Yakovenko is the latest crypto founder to announce plans for a decentralized exchange (DEX), following the success of Hyperliquid and Astar.

On Monday, Yakovenko uploaded plans outlining a new sharded perpetual exchange protocol on the Solana blockchain, dubbed Percolator.

A perpetual exchange is a decentralized trading protocol for perpetual futures contracts, which allows traders to speculate on cryptocurrency prices without an expiration date.

Percolator will consist of two main onchain programs, including the…