Solana co-founder reportedly developing perpetual DEX on Solana: GitHub
Key Takeaways
- Solana co-founder Anatoly Yakovenko appears to be behind a new DeFi project called Percolator.
- The project was revealed through Yakovenko's activity and published on GitHub.
Share this article
Anatoly “Toly” Yakovenko, co-founder of Solana, appears to be building a new perpetual decentralized exchange (DEX) on the Solana blockchain, according to recent GitHub activity. A repository titled Percolator details a protocol framework for on-chain perpetual futures trading, suggesting active development led by Yakovenko.
The development highlights Toly’s hands-on involvement in advancing Solana’s DeFi capabilities. Solana’s community has shown enthusiasm for the co-founder’s direct participation in development discussions and code suggestions.
The move comes as the perpetual-DEX segment has exhibited explosive growth in trading volume, with platforms such as Hyperliquid posting monthly volumes in the hundreds of billions of dollars, and Aster and Lighter rapidly gaining ground.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ALGO Gains 0.3% After Upbit Restarts Deposit Services for 33 Digital Assets
- ALGO rose 0.3% in 24 hours, with a 2.07% weekly gain despite a 60.21% annual decline. - Upbit resumed ALGO deposits/withdrawals on Dec 5, requiring users to generate new addresses for 33 cryptocurrencies. - The phased service restoration aims to enhance ALGO liquidity and usability, though price impacts remain uncertain. - Analysts highlight exchange accessibility as critical for ALGO's short-term performance amid ongoing infrastructure upgrades.
TWT's Updated Tokenomics Structure and What It Means for Cryptocurrency Investors
Market Reversal Confirmed? Total Cap Breaks Above EMA-200 — 4 Altcoins Worth Holding Now
Market Bounce Incoming? ETF Flows Stabilize as These 5 Altcoins Show Exceptional 50%+ Recovery Signals
Trending news
MoreCrypto prices
More
