Solana Co-Founder Anatoly Yakovenko Unveils ‘Percolator’ Perp DEX To Take On Aster And Hyperliquid
Solana co-founder Anatoly Yakovenko has unveiled Percolator , a new “implementation-ready” decentralized perpetual exchange protocol built to take on Aster and Hyperliquid in the fast-growing perp DEX market. According to its GitHub repository, Percolator is a technical blueprint for a sharded perpetual futures DEX designed to boost trading speed and efficiency. The system is nearing stress testing, though some core processes, including account validation and funding rates, have not been finalized. The move comes as Solana’s perpetual DEX volumes have slumped more than 28% in the past week, trailing rivals that have captured most of the sector’s liquidity. Solana perp volume (Source: DefiLlama ) “Hyperliquid has poached high-value users from Solana and has retained them,” said Matthew Sigel, head of digital assets research at VanEck, referencing a report that found traders shifting toward the rival exchange. Some analysts say Yakovenko...