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Solana Foundation Seeks Teams to Build Onchain Perpetuals and Derivatives Apps

Solana Foundation Seeks Teams to Build Onchain Perpetuals and Derivatives Apps

According to the Solana Foundation, it supports teams building fully onchain perpetual futures on Solana, with order placement, matching and settlement required to occur entirely onchain.

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Fact Check
The official Solana page 'Build Fully Onchain Perps on Solana' (solana.com/news/build-onchain-perps, June 1, 2026) directly confirms the claim, stating support is available for teams building fully onchain perpetuals where execution (orders, oracles, matches, cancellations, settlement) must occur entirely onchain. PANews and SolanaFloor's X post independently corroborate.
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Summary

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.

Terms & Concepts
  • Onchain: Activities or applications that run directly on a blockchain, with transactions and logic recorded on the network.
  • Perpetuals: A type of derivatives contract that has no expiration date and is commonly used in crypto trading.
  • Derivatives: Financial contracts whose value is linked to an underlying asset, such as cryptocurrencies, and are used for trading or hedging.