Pacifica Completes First Stage of Engine Sharding Upgrade on Solana

Pacifica, the Solana-based perpetuals platform, boosts weekly points rewards to 10 million, as active users hit 27,000 and weekly trading volume exceeds $5 billion.

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Summary

Pacifica, a perpetuals trading platform built on Solana, announced it has increased weekly points distribution to 10 million every Thursday. The platform also reported 27,000 active users and weekly trading volume surpassing $5 billion. Based on last week’s data, earning one point requires approximately $250 in trading volume. This update follows Pacifica’s earlier completion of the first stage of its engine sharding upgrade, aimed at enhancing trading performance and user engagement.

Terms & Concepts
  • Engine Sharding: A system design that partitions workload across multiple processing units to enhance speed, scalability, and efficiency in trading applications.
  • Perpetuals Platform: A trading venue offering perpetual futures contracts, which are derivatives that do not have an expiry date and track the price of an underlying asset.
  • Solana: A high-performance blockchain known for fast transaction speeds and low fees, often used for decentralized finance applications.