Raydium, a decentralized exchange (DEX) on the Solana blockchain, has launched the public beta of its Perpetual Futures trading feature. This feature allows users to engage in perpetual futures with leverage options of up to 40x. Raydium Perps combines the advantages of centralized exchanges (CEX) with the self-custody benefits of decentralized platforms.
During the public beta phase, Raydium is offering a fee structure with zero maker fees and a minimal taker fee of just 2.5 basis points, which is the lowest on the Solana network. Perpetual futures are derivative contracts that allow traders to speculate on the price movements of assets without an expiration date. Raydium Perps offers a diverse trading environment with over 70 asset pairs. The platform eliminates gas fees, enhancing the trading experience.
Raydium is encouraging users to actively participate in the public beta by submitting any UI/UX bugs they encounter and offering $RAY tokens as a reward. The launch of Raydium Perps reflects the growing interest in decentralized trading solutions. The combination of competitive fees, a user-friendly interface, and a robust trading environment makes Raydium Perps attractive to both seasoned traders and newcomers.
Raydium's latest offering provides Solana users with a powerful tool for perpetual futures trading. The platform's focus on gas-free transactions and low fees aligns with the broader trends in the cryptocurrency market. As the DeFi space continues to mature, innovations like Raydium Perps will play a crucial role in shaping the future of trading on blockchain networks.