The Solana Foundation said it is supporting teams building fully onchain perpetuals, derivatives and trading applications on Solana. According to the foundation, priority goes to Solana-first, open-source teams whose designs keep order submission, oracle updates, matching, cancellation and settlement onchain. In a June 2 post on X, the foundation said perpetual futures are one of crypto’s most important financial primitives and specified that order placement, matching and settlement must be completed entirely onchain.