Solana Co-Founder Reportedly Working on Perpetual DEX Project

Yakovenko’s development effort could strengthen Solana’s position in the rapidly expanding perpetual decentralized exchange sector.

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Terms & Concepts
  • Perpetual DEX: A decentralized exchange facilitating perpetual contracts—derivatives without expiry dates—that track the value of underlying assets.
  • DeFi: Short for Decentralized Finance, it refers to blockchain-based financial services without intermediaries like banks.
  • Solana: A high-performance blockchain platform known for low latency and high throughput, aiming to support scalable decentralized applications.