---
title: "Solana Co-Founder Advocates for Native Perpetual Contract DEX Development"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286992989.md"
description: "Solana co-founder Anatoly Yakovenko supports the creation of a native perpetual contract DEX on the Solana Virtual Machine to compete with Hyperliquid in on-chain derivatives trading. He stresses the importance of building this infrastructure for user engagement and transaction volume. While project details are pending, Hyperliquid's dominance and regulatory discussions around the CLARITY Act could impact competition. Solana aims to utilize its speed and cost benefits to enter the market despite existing challenges."
datetime: "2026-05-20T02:24:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286992989.md)
  - [en](https://longbridge.com/en/news/286992989.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286992989.md)
---

# Solana Co-Founder Advocates for Native Perpetual Contract DEX Development

Solana co-founder Anatoly Yakovenko has publicly endorsed the development of a native perpetual contract decentralized exchange (DEX) on the Solana Virtual Machine (SVM), aiming to challenge Hyperliquid's dominance in on-chain derivatives trading. According to ChainCatcher, Yakovenko emphasized the need for Solana to build its own perpetual contract infrastructure with atomic composability, viewing it as crucial for maintaining user engagement and on-chain transaction volume. Specific project details and launch timelines have not been disclosed yet. Recently, a significant portion of perpetual contract trading volume has shifted to Hyperliquid, which has emerged as the leading protocol in the on-chain perpetual contract sector. Meanwhile, Hyperliquid co-founder Jeffrey Yan is engaging with policymakers in Washington to discuss regulatory pathways, including the CLARITY Act legislation concerning crypto derivatives regulation. If passed, the act could provide Hyperliquid with a competitive edge. Solana's native alternative aims to leverage its speed and cost advantages to compete directly, although Hyperliquid's existing network effects and liquidity present substantial entry barriers.

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