Raydium is recognized as the third-largest decentralized finance (DeFi) protocol on Solana. It has recently launched a public beta for perpetual futures trading through the Orderly Network, enhancing its offerings in the rapidly growing DeFi space.

This new platform features over 70 trading pairs and allows users to leverage up to 40x. During the beta phase, there are zero maker fees and a taker fee of only 0.025%. This initiative aligns with the significant growth of decentralized exchanges (DEXs), which have seen perpetual products generate more than $650 billion in trading volume.

With a total value locked of $2.2 billion, Raydium is positioned behind Jito and Jupiter among Solana’s DeFi protocols. The move into perpetual futures enables Raydium to compete with other platforms, such as Arkham, which has recently rolled out both perpetual and spot trading products. This offering takes advantage of Solana’s high-speed, low-cost infrastructure, improving users’ access to omni-chain liquidity and derivatives trading capabilities.

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