Solana Founder Unveils ‘Percolator’ Perp DEX – A Direct Shot at Aster and Hyperliquid

Solana co-founder and CEO Anatoly Yakovenko has unveiled a new decentralized perpetual exchange protocol, “Percolator,” designed to run natively on the Solana ￰1￱ GitHub repository for the project was uploaded on October 19, outlining what Yakovenko described as an “implementation-ready” technical blueprint for a sharded perpetual futures decentralized exchange (DEX) that could challenge leading players like Aster and Hyperliquid.) October 20, 2025 “The design keeps each LP’s slab fully self-contained and innovable,” Yakovenko wrote in his technical summary. “Aggregate capital efficiency matches a monolithic DEX, often with better execution quality via selective routing.” Although the codebase is still in development, with several processes such as account validation and funding rate updates yet to be finalized, many of the core data structures are already ￰2￱ project’s GitHub files suggest that the system is close to stress-testing, marking a potentially important step for Solana’s DeFi ￰3￱ timing of the announcement is particularly ￰4￱ has recently lost ground in one of its strongest suits, the meme coin ￰5￱ Solana’s strongest area of user activity, retail interest has waned sharply from the broader meme coin sector following a major crypto sell-off during ￰6￱ $28 billion in meme token value was wiped out in mid-October, according to a Cryptonews ￰7￱ total market capitalization of meme tokens fell from $72 billion to $44 billion, erasing months of gains largely driven by Solana and BNB Chain trading ￰8￱ meme coin market crash erased $28 billion in value, dropping total capitalization to $44 billion as $DOGE , $SHIB , and $BONK shed double-digit percentages. #memecoin #dip #BONK ￰0￱ — ￰9￱ (@cryptonews) October 16, 2025 This downturn has left Solana in need of new growth ￰10￱ on Solana launchpads has also slowed, with weekly trading volumes declining from $1.5 billion in July to around $600 million by late ￰11￱ this backdrop, Percolator represents a potential shift, an effort to reassert Solana’s technological edge in decentralized finance by entering the competitive perpetual trading arena.

Additionally, Solana has been improving its new network ￰12￱ blockchain recently achieved 623 consecutive days without an outage, its longest operational streak since its launch in 2020, showing the network’s technical maturity. BREAKING: @Solana has reached 623 days without an outage, its longest streak since launch in ￰13￱ previous record was 347 days, and post-2024 upgrades have strengthened network stability, with Solana remaining fully operational during major market events like the Trump… ￰14￱ — SolanaFloor (@SolanaFloor) October 20, 2025 This enhanced stability could help restore developer and trader confidence as Solana attempts to reestablish its presence in the DeFi ecosystem, something that Percolator can ￰15￱ DEX Volume Tops $1.15 Trillion as Solana’s DEX Enters the Arena Perpetual futures exchanges have become one of the fastest-growing areas in decentralized ￰16￱ platforms allow users to speculate on crypto prices without expiration dates, with on-chain settlement and 24/7 market ￰17￱ sector’s combined 30-day trading volume recently topped $1.15 trillion, according to DeFiLlama , reflecting a rapid migration from centralized exchanges to decentralized derivatives platforms.