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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...

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One Solana (SOL)-based memecoin is rallying after receiving support from Coinbase, the top US-based crypto exchange platform. In a new thread on X, Coinbase says it is adding support for Useless Coin (USELESS), causing the cryptocurrency to post gains. Trading for Useless Coin on Coinbase began on Wednesday, a week after the platform announced the memecoin was added to the platform’s listing roadmap. Being added to Coinbase’s listing roadmap means that the top US crypto exchange is considering rolling out trading support for the asset in the near future. The roadmap was established in 2022 to increase transparency and reduce the possibility of investors frontrunning new trading support announcements. USELESS was trading for a low of $0.188 on the day Coinbase added the digital asset to its listing roadmap, and rallied over the next few days, reaching a local high Sunday of $0.369, a gain of more than 96%. USELESS was trading for a low of $0.246 on Tu...

The throughput for the Solana network briefly reached a theoretical TPS (transactions per second) rate of 100K over the weekend after a stress load hit the layer-1 blockchain. A block facilitated and written to the blockchain by a validator called “Cavey Cool” saw the network process 43,016 successful transactions and 50 failed ones. The peak TPS for this block reached 107,540 TPS. At 11:39:21 UTC today, the Cavey Cool validator produced several blocks on Solana Mainnet-Beta with a large number of transactions, resulting in a peak burst of 104,529 TPS. pic.twitter.com/CMjEFqt1qL — dr cavey phd ⏳ (@cavemanloverboy) August 17, 2025 Solana developer and Helius co-founder Mert Mumtaz commented on the milestone on X, and said that Solana has become the “first major blockchain with a recorded 100K TPS” on its mainnet.  However, critics have debated the validity of the reported TPS, especially since the transactions in question were mainly ones...

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