Solana co-founder Anatoly Yakovenko invites Hyperliquid to use Phoenix perpetual exchange on Solana

Anatoly Yakovenko said his "dream" is for Hyperliquid to run as a Solana smart contract (self-executing blockchain code), arguing Solana’s capacity and censorship resistance could expand Hyperliquid’s market and revenue.

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Summary

Solana co-founder Anatoly Yakovenko publicly invited Hyperliquid co-founder Jeff Yan to use Phoenix, a perpetual exchange on Solana, in a social media post. Yakovenko said he wants Solana to offer enough throughput and censorship resistance for Hyperliquid to operate as a Solana smart contract (self-executing blockchain code). He added that, in that scenario, Jeff Yan’s total addressable market and revenue could increase if Hyperliquid ran on Solana. The post highlights competition and possible collaboration between blockchain ecosystems seeking to host high-performance crypto trading infrastructure, especially perpetual futures (crypto derivatives without expiry) venues that require speed, liquidity, and reliability.

Terms & Concepts
  • smart contract: Self-executing blockchain code that runs automatically when preset conditions are met.
  • perpetual futures: Crypto derivatives without an expiration date, commonly used for leveraged trading.
  • censorship resistance: A blockchain network’s ability to keep transactions and applications running without centralized interference.