Yeliz Akmaca 
Anatoly Yakovenko (Toly), co-founder of Solana, has reportedly been developing a new perpetual DEX on the Solana (SOL) blockchain. Recent code updates on GitHub indicate a notable innovation in the Solana ecosystem’s decentralized exchange (DEX) space. This development has sparked considerable interest among investors and the broader DeFi community.
Toly’s New Perpetual DEX Initiative
According to shared information, Yakovenko’s personal GitHub account hosts a newly discovered repository called “Percolator.” The repository description states, “A sharded perpetual exchange protocol for Solana,” suggesting the development of a continuous contract-based decentralized exchange protocol on Solana.
The project includes modules like Router Program and Slab Program, indicating a scalable DEX architecture designed for low-latency execution. While there is no official confirmation whether Yakovenko is directly a co-founder or lead developer of this DEX, developers and analysts in the SOL community interpret his active GitHub contributions as a strategic step for the Solana DeFi ecosystem.
GitHub Code Updates Draw Attention
Yakovenko’s commits under the username “aeyakovenko” include code related to perpetual trading mechanisms, liquidity pools, and match engine modules.
Contributors to the GitHub repository include aeyakovenko (Anatoly Yakovenko) and claude (Claude). This highlights Yakovenko’s active role in the development process and suggests the project may still be in a test phase.
Meanwhile, the BULK team recently raised $8 million in seed funding for another Solana-based perpetual DEX, with Yakovenko listed among the investors.
Many users and developers also view Toly’s initiative as the start of a new era of decentralized perpetual exchanges on Solana. However, until official announcements are made, the project should still be considered an early-stage initiative.
Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.