Raydium, a leading DEX on Solana, has announced the public beta launch of its Perpetual Futures (Perps) trading feature. Powered by Orderly Network, this feature aims to deliver a gasless, CLOB (Central Limit Order Book) Perps with leverage of up to 40x.
The launch of Raydium Perps offers Solana users CEX-like interface while ensuring self-custody of their funds. According to the announcement, the DEX will offer competitive fees with zero maker fees and a 2.5 basis point taker fee (lowest on Solana) during the public beta phase of Raydium Perps.Â
Perpetual futures are a type of derivative contract that enables traders to speculate on an asset’s potential price movement. Unlike traditional futures which have an expiry date, Perps have no expiry date which helps traders to hold positions for as long as they want. This feature is particularly useful for long-term speculative strategies, providing flexibility and enhanced trading opportunities.
Traders can also access over 70 asset pairs which makes it an attractive platform for traders. Additionally, users can submit UI/UX bugs during the beta phase for a chance to earn $RAY tokens as reward.
One of the important features of Raydium Perps is its gas-free trading ecosystem which addresses a significant problem for users on other blockchains.
This launch highlights Raydium’s adherence to innovation and user-focused approach, which positions itself as a major player in the Solana ecosystem. As perpetual futures gain popularity, Raydium Perps could attract users who are looking for cost-effective and efficient trading options.
Read: User Paid $208k fee for a Single Transaction on Solana
