Anatoly Yakovenko, co-founder CEO of Solana Labs, has unveiled plans for a new decentralized exchange (DEX) named Percolator, designed as a sharded perpetuals protocol built directly on the Solana blockchain. The platform aims to provide a self-custodial and high-speed solution for perpetual futures trading, allowing crypto traders to speculate on price movements without the limitation of expiry dates. Solana’s Percolator Documentation Released The documentation for Percolator was released on GitHub, where it is described as “implementation-ready.” It introduces two primary components: a Router and a Slab program. The Router manages collateral, portfolio margins, and cross-slab routing, while the Slab program functions as a matching engine overseen by liquidity providers (LPs). Each slab operates independently, enabling what Yakovenko refers to as “fully self-contained matching and settlement.” Related Reading: Analyst Uses AI To Show How The XRP Price Could Rally To $1,700 This design ensures that any issues arising from a particular slab do not affect users who have not interacted with it. Yakovenko emphasized the advantages of this architecture, stating: This design keeps each LP’s slab fully self-contained and innovable, while the Router guarantees atomic routing, portfolio netting, and capability-scoped safety. The project’s GitHub repository already shows completed data structures for order books and memory pools, although the development of liquidation systems is still in progress. However, no official launch date has been announced. Competition In Derivatives Market Intensifies Currently, the Solana Foundation has not disclosed whether Percolator will receive formal ecosystem support or if it will emerge as a community-driven protocol. Should it succeed, Percolator would add to the expanding repertoire of native financial primitives being developed on the Solana blockchain, which already includes decentralized options, lending protocols, and tokenized asset platforms. At present, the code for Percolator remains under review on GitHub, and developers engaged with the repository indicate that the project is “deep in testing.” This suggests that a launch could be imminent, provided that the liquidation and governance components are finalized. The introduction of Percolator comes at a critical time, as competitors like Hyperliquid (HYPE) are expanding their presence in the derivatives-focused DEX space. Related Reading: ‘Buy Of The Century’: Cardano Could Be The 2026 Game-Changer Under $0.20 — Analyst Hyperliquid recently implemented permissionless, builder-deployed perpetual contracts through its HIP-3 upgrade, allowing users to stake a minimum of 500,000 HYPE tokens—approximately $18 million—to launch their own perpetual markets with independent margin rules. Hyperliquid accounted for 35% of all blockchain revenue in July, attracting users away from platforms like Solana, Ethereum (ETH), and BNB Chain. Asset manager VanEck recently noted that Hyperliquid has successfully retained high-value users, thanks in part to its “simple, highly functional product.” As of press time, SOL is trading at $187.70, marking a 20% loss over the past fourteen and thirty days. This puts SOL 35% below its all-time high of $293, which was reached earlier this year. Featured image from DALL-E, chart from TradingView.com
Solana’s DEX ecosystem has had a very active month, fueled by a spike in new token listings, surging volume, and PumpSwap’s growing grip over trading flows. While SOL retreated to just below $180 after peaking above $205, the spike in activity across DEXs suggests that the retail-driven memecoin wave primarily powered the turnover. However, the […]
The post PumpSwap captures 74% of Solana DEX volume as memecoins surge appeared first on CryptoSlate.
Solana has faced increasing selling pressure and negative sentiment as the broader meme coin market continues to decline, impacting overall market performance. Analysts suggest that excessive speculation on meme coins is a key reason why altcoins, including Solana, are underperforming compared to Bitcoin. The hype-driven nature of these tokens has led to extreme volatility, making investors more cautious about altcoin exposure. Related Reading: Ethereum Historical Indicator Flashes Long-Term Buy Signal – Is History Repeating? Meme coins are now seen as a risk factor for Solana’s ecosystem. A recent rug pull involving LIBRA, a meme coin endorsed by Argentina’s President Javier Milei, has intensified concerns among investors. This incident has shaken confidence in the network, as it highlights the dangers of speculative trading and potential scams within the Solana ecosystem. As a result, SOL has dropped 10% over the past week and remains down 40% from its January peak, signaling a clear trend of declining momentum. Additionally, trading volumes on decentralized exchanges (DEXs) have decreased significantly, reflecting growing investor hesitancy. Solana and the market face a critical moment, with analysts closely watching whether the network can recover from the damage caused by meme coin speculation or if further downside is expected. Solana Enters A CRucial Phase The meme coin euphoria that fueled Solana’s price surge for months is now unraveling, exposing the network to increased volatility and uncertainty. While Solana benefited from the speculative boom of meme coins, it was only a matter of time before the highly speculative market faced reality and started creating problems. Crypto analyst Axel Adler shared an analysis on X, warning that meme coins are actively hurting Solana’s long-term sustainability. The most recent example is the LIBRA rug pull, a meme coin that gained traction due to its association with Argentina’s President Javier Milei, only to collapse, leaving investors in losses. This event has heightened investor concerns and accelerated selling pressure on Solana, which has dropped 10% over the past week and 40% from its January peak. Beyond price action, Solana’s decentralized exchange (DEX) trading volumes have also taken a hit, dropping 25% in the last week, while the Raydium DEX alone saw a 47% decrease. This decline signals weakening investor confidence in Solana’s DeFi and trading ecosystem. Adding to the concerns, on March 1, 11.2 million SOL will be unlocked—these tokens, initially sold off during FTX’s bankruptcy, were later acquired by major firms like Galaxy, Pantera, and Figure. This large token unlock could further pressure the price if these firms decide to offload their holdings. Related Reading: Dogecoin Pulls Back To ‘The Golden Ratio’ – Analyst Expects A Bullish Reversal With meme coin speculation cooling off, Solana now faces a crucial test: can it regain investor trust and stabilize, or will further downside follow as selling pressure intensifies? The coming weeks will be critical in determining the network’s ability to recover from this downturn. SOL Holding Crucial Demand Solana (SOL) is trading at $184 after losing the 200-day exponential moving average (EMA) around $190, signaling increased selling pressure. The price is now testing the 200-day simple moving average (SMA), a crucial long-term support level that bulls must defend to prevent further downside. If bulls fail to hold the 200-day SMA, a massive correction could follow, potentially pushing SOL into lower demand zones around $175 or even $160. The sentiment around SOL remains fragile as meme coin speculation continues to fade, dragging Solana’s ecosystem with it. For bullish momentum to return, SOL must reclaim the $190 level and push above the psychological $200 mark as soon as possible. A break and hold above $200 would confirm a short-term reversal, helping SOL regain strength and potentially target higher supply levels around $220–$230. Related Reading: Bitcoin Forms Rounding Bottom – Expert Sees Push To $100K Next Week However, failure to bounce from current levels would indicate further downside risks, with more liquidations and selling pressure likely to follow. Given the negative sentiment surrounding meme coins and upcoming token unlocks, SOL is at a critical inflection point, where its next move will determine short-term market direction. Featured image from Dall-E, chart from TradingView
Suspicious trading activity emerge around Trump’s memecoin as its market cap soars to $42 billion.