The decentralized engine of Trading Crypto Raydium makes an offer for the perpetuating market of several billion dollars of Solana – and quickly gains ground.
The old raydium foray into the offer of these hyper -population derivative contracts – they allow crypto traders to speculate on price oscillations without holding the real token – already accumulates $ 100 million in daily negotiation volume.
It is now the third most popular place in Solana for trading Perps, behind Jupiter and Drift, the exchange of heavy goods vehicles in this ecosystem. Growth occurs despite the nascence of Raydium Perps; Its manufacturers have not paid marketing capital on the promotion of a trading tool that should not yet be launched.
“Raydium Brand still has a punch,” said Infraray, a main contributor to the project.
The push caps of the ascent of Raydium at the top of the landscape of decentralized cryptographic trading in Solana. Its configuration of automated market manufacturer (AMM), which allows anyone to run a commercial basin of any active, was a manufacturer of difference in the same era of Solana.
And yet, most traders who use Raydium exchange rails never visit its website. Instead, they access its services via trading aggregators who divide orders on several sites. This potentially means less activity for Raydium and, above all, a lower relationship with direct users, traders.
In the language of industry, these traders are “takers”, those who execute a profession. The manufacturers, on the other hand, are those which provide liquidity, perhaps by channeling the assets in the Raydium MA.
“Raydium has done well on the manufacturer’s side,” said Infraray, “but larger network effects exist when you have the relationship with the lessee.”
Behind the scenes, Raydium Perps trading is supported by Orderly Network, a commercial project with roots outside the Solana ecosystem. Orderly allows Perps traders working from several blockchains to exchange assets on a unified order book. This provides a more fluid sail for all orders.
Raydium, the deployment of Raydium, Orderly, turns out to be a major boon. Perps on Solana traders now lead 25% of the total volume of the prescription.
“We were negotiating $ 200 to $ 400 million per day of volumes” in the Dozens Project couple which offer Perps trading supported by orders, said CEO RAN YI.
Facilitate transactions via Orderly – instead of carrying out chain Perps transactions, as do many Raydium’s most rooted competitors – can save money in the protocol and better ensure the transaction process properly, said Infraray. But he also comes with his own transversal complexities which, according to him, are still under work.
Next stop: full launch. In a few weeks, the Perps de Raydium service will be ready for an appropriate start and will shake the “public beta” training wheels. Once this is the case, the teams behind it plan to grow marketing and awareness more strongly.
Even at 100 million dollars in daily volumes, Raydium Perps service is far from moving the best Perps service on the Solana Defi ecosystem chain, Jupiter. The exchange of derivatives of the most famous swaps aggregator sees nearly $ 2 billion in daily volume; The finalist, Drift, sees double the volume of Raydium.
But Infraray is convinced that Raydium can stroll on the largest respective protocol protocols. On the one hand, its Perps service offers trade with much more assets than one or the other competitor. Orderly allows rapid lists of new contracts, which means that Raydium can move quickly to capture and potentially new markets.
He thinks that the Total Addressable For Perps market in Solana should only increase to grow.
“I expect more competition and innovation. But currently Raydium has a seat at the table.”
