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- Raydium launched a public beta for perpetual futures trading through Orderly Network, featuring gas-free trading.
- It offers over 70 pairs, up to 40x leverage, and minimal fees during the beta phase.
One of Solana’s biggest decentralised exchanges (DEX), Raydium, has introduced a public beta for perpetual futures trading through Orderly Network, offering gas-free trading, over 70 trading pairs, and leverage of up to 40x.
During the beta phase, maker fees are set at 0% and taker fees at 0.025%.
Related: XRP Shows Bullish Momentum as Ripple CEO Meets Donald Trump
Get ready for…
– Gas-free perp trading with deep omni-chain liquidity 
– Up to 40x leverage and CEX-like speed 
– 0 maker & 2.5bps taker fees during beta (the cheapest perp fees on Solana) 
Full details on getting started in the docs:https://t.co/sWONHANEea
2/4
— Raydium (@RaydiumProtocol) January 9, 2025
With US$2.2B (AU$3.5B) in total value locked (TVL), Raydium ranks behind Jito and Jupiter among Solana’s top DeFi protocols, according to data from DeFiLlama:
Raydium’s TVL. Source: DefiLlamaThe move into perpetual futures follows the success of DEX-based perpetual products, which have seen over US$650B (AU$1.04T) in trading volumes and generated more than US$490M (AU$790M) in fees, as per data from Dune.
Orderly Network Enhances Solana’s DeFi
The launch of perpetual futures addresses a notable gap in Solana’s DeFi offerings, as the network has trailed EVM-compatible blockchains in liquidity and infrastructure for such products.
However, Orderly Network’s shared omnichain order book could help solve these issues by consolidating liquidity across multiple blockchains to improve efficiency, reduce spreads, and ultimately provide deeper liquidity.
Orderly Network co-founder Ran Yi stated:
Raydium’s integration with Orderly Network is a game-changer for Solana’s DeFi ecosystem. Combining Raydium’s best-in-class UI and battle-tested protocol with Orderly’s omnichain liquidity infrastructure will enable deeper liquidity and more dynamic trading options. This collaboration is a significant step forward in bringing advanced perpetual trading solutions to the Solana blockchain and creating new markets for traders.
Orderly Network co-founder Ran Yi Related: Oklahoma Legislation Proposed to Enable Bitcoin Salaries and Vendor Payments
The perpetual futures market is currently led by Hyperliquid, holding a 46.3% market share based on data from Dune analytics. Raydium’s new offering positions it as a competitor to these and other platforms in the DEX sector.
The post Raydium Unveils Perpetual Futures Beta with 70+ Pairs and Low Fees on Orderly Network appeared first on Crypto News Australia.
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