BulkTrade has launched its perpetual futures exchange (contracts allowing leveraged bets on asset prices without expiration) on Solana, with reported execution latency of 5 to 20 milliseconds and a target of sub-40 millisecond finality. Access is currently limited to users with referral codes or invitations. The platform’s pre-deposit campaign, which began on June 1, 2026, attracted more than $25.9 million in USDC total value locked (TVL, the value deposited in a protocol) within 10 days. BulkTrade also raised an $8 million seed round in September 2025 co-led by Robot Ventures and 6th Man Ventures, with participation from Wintermute Ventures. Its BULK token has not launched, but 30% of the total supply is designated for community airdrops tied to pre-deposit activity and trading behavior. BulkTrade introduced BIP-1 on July 28, enabling permissionless, deployer-owned perpetual markets. The exchange keeps assets in user self-custody, settles all perpetuals in USDC and offers dynamic margin requirements that adjust in real time. Zellic conducted a security audit. BulkTrade joins Solana’s existing on-chain derivatives market, including Jupiter’s perps product and other protocols.