FTX ties put spotlight on Solana’s Pacifica perpetual DEX

The perpetual DEXs trend is shifting to Solana, with Pacifica emerging as an up-and-coming ￰2￱ DEX, launched by former FTX executives, is now growing its trading ￰3￱ Solana, perpetual DEXs activity mostly relied on the Jupiter and Drift protocols. However, a new star is emerging, one that may be linked to the bankrupt FTX centralized ￰4￱ has been making the rounds on social media a few months after ￰5￱ perpetual futures DEX uses the Solana stack, and has been gaining on the general hype around Hyperliquid and ￰6￱ what pushed Pacifica to the forefront was a recent post from Sam Bankman-Fried’s X ￰7￱ Cryptopolitan reported earlier, the SBF account posted a short message, sending the FTT token on another ￰8￱ reawakened profile also pointed attention to former FTX and Alameda Research alumni, who walked free and are now at the helm of their own ￰9￱ DEX gain support from former FTX, Alameda hires Just days before Pacifica gained attention, Armani Ferrente, an early Alameda Research hire, defended on-chain perpetual DEXs for being safer than the FTX centralized ￰10￱ is already promoting his own Backpack exchange, achieving over $10B in weekly volumes.

On-chain and transparent trading is seen as a clear defense against the non-transparent asset movements between FTX and Alameda Research. However, there is still an ongoing discussion if a DEX can have some control of user funds for the sake of ￰11￱ this stage, Pacifica also emerged as a safer version, offering an advanced trading venue without the risk of ￰12￱ bankruptcy has not stopped influencers from taking up Pacifica and even promoting it for its connection to ￰13￱ boasts of connection to FTX The Pacifica perpetual futures DEX is still a relatively small newcomer to the recent perp DEX ￰14￱ exchange only accrued $16.6M in value locked in the first 10 days of ￰15￱ are already on the task, with some of them focusing on the link to ￰16￱ has been launched by Constance Wang , former COO at FTX until November ￰17￱ Pacifica perp DEX claims to have gathered 10K users, with another 6K flowing in for the past week. 1/ gm As of now, Pacifica has now reached: $8,000,000,000+ Total Volume 💹💹 (up 50% since last week) 10,000+ Active Users 🐳🐳🐳 (+6,000 since last week) 600m+ 24h volume 📈 ￰0￱ ￰1￱ We don’t stop. 💪 — Pacifica (@pacifica_fi) September 26, 2025 The DEX reports over $34M in open interest, and posts daily records in deposits and new ￰18￱ now, the market has around 4,120 daily active users, a far cry from the success of FTX or even smaller perpetual ￰19￱ reports record inflows of users and deposits, as it rides the general perp DEX hype. |