Solana DEX Raydium launches beta perp trading

Decentralized exchange Raydium will offer futures trading to Solana users, with the feature currently available in beta.

Solana DEX Raydium announced that its perpetual futures trading option has gone live in public beta in partnership with Orderly Network, a cloud-based crypto liquidity provider. 

Users can trade with up to 40x leverage and execute gas-free trades backed by deep omni-chain liquidity, Raydium shared in a post on X. Traders can also earn Raydium’s native token (RAY) by reporting UI/UX bugs during the beta phase.

According to DefiLlama, Raydium is the largest Solana DEX and boasts over $3 billion in user deposits. The project ranks as DeFi’s third-largest exchange by total value locked, behind Uniswap and Curve.

Raydium’s perpetual trading launch following Hyperliquid’s break out late last year. Although, RAY’s team had likely been building the feature for months, given the task of shipping future trading systems.

The news also comes as DEX to centralized exchange spot trading volume increased to 20% for the first time. While futures trading differs from spot trading, more DEXs venturing into perpetual offerings could signal growing demand for on-chain leverage trading as adoption increases and user activity grows.