Solana co-founder reportedly developing perpetual DEX on Solana: GitHub

Key Takeaways

• Solana co-founder Anatoly Yakovenko appears to be behind a new DeFi project called Percolator.
• The project was revealed through Yakovenko's activity and published on GitHub.

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Anatoly “Toly” Yakovenko, co-founder of Solana, appears to be building a new perpetual decentralized exchange (DEX) on the Solana blockchain, according to recent GitHub activity. A repository titled Percolator details a protocol framework for on-chain perpetual futures trading, suggesting active development led by Yakovenko.

The development highlights Toly’s hands-on involvement in advancing Solana’s DeFi capabilities. Solana’s community has shown enthusiasm for the co-founder’s direct participation in development discussions and code suggestions.

The move comes as the perpetual-DEX segment has exhibited explosive growth in trading volume, with platforms such as Hyperliquid posting monthly volumes in the hundreds of billions of dollars, and Aster and Lighter rapidly gaining ground.