{"id":54667,"date":"2025-10-20T16:06:18","date_gmt":"2025-10-20T13:06:18","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=54667"},"modified":"2025-10-20T16:06:18","modified_gmt":"2025-10-20T13:06:18","slug":"breaking-new-project-emerges-solana","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/breaking-new-project-emerges-solana\/","title":{"rendered":"Toly Launches New Perpetual DEX on Solana!"},"content":{"rendered":"<p data-start=\"697\" data-end=\"1062\">Anatoly Yakovenko (Toly), co-founder of <strong>Solana<\/strong>, has reportedly been developing a new perpetual <strong>DEX<\/strong> on the Solana (<a href=\"https:\/\/coinengineer.net\/blog\/solana-excites-users-with-its-new-product\/\">SOL<\/a>) blockchain. Recent code updates on GitHub indicate a notable innovation in the Solana ecosystem\u2019s decentralized exchange (DEX) space. This development has sparked considerable interest among investors and the broader DeFi community.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/breaking-new-project-emerges-solana\/#Tolys_New_Perpetual_DEX_Initiative\" title=\"Toly\u2019s New Perpetual DEX Initiative\">Toly\u2019s New Perpetual DEX Initiative<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/breaking-new-project-emerges-solana\/#GitHub_Code_Updates_Draw_Attention\" title=\"GitHub Code Updates Draw Attention\">GitHub Code Updates Draw Attention<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"1069\" data-end=\"1118\"><span class=\"ez-toc-section\" id=\"Tolys_New_Perpetual_DEX_Initiative\"><\/span>Toly\u2019s New Perpetual DEX Initiative<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1120\" data-end=\"1597\">According to shared information, Yakovenko\u2019s personal GitHub account hosts a newly discovered repository called \u201cPercolator.\u201d The repository description states, \u201cA sharded perpetual exchange protocol for Solana,\u201d suggesting the development of a continuous contract-based decentralized exchange protocol on Solana.<\/p>\n<p data-start=\"1120\" data-end=\"1597\">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.<\/p>\n<p data-start=\"1120\" data-end=\"1597\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-54668 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/solana-github-1024x568.jpg\" alt=\"\" width=\"1020\" height=\"566\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/solana-github-1024x568.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/solana-github-300x167.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/solana-github-768x426.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/solana-github-1536x853.jpg 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/solana-github-2048x1137.jpg 2048w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<h3 data-start=\"1866\" data-end=\"1904\"><span class=\"ez-toc-section\" id=\"GitHub_Code_Updates_Draw_Attention\"><\/span>GitHub Code Updates Draw Attention<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1906\" data-end=\"2304\">Yakovenko\u2019s commits under the username \u201caeyakovenko\u201d include code related to perpetual trading mechanisms, liquidity pools, and match engine modules.<br data-start=\"2071\" data-end=\"2074\" \/>Contributors to the GitHub repository include aeyakovenko (Anatoly Yakovenko) and claude (Claude). This highlights Yakovenko\u2019s active role in the development process and suggests the project may still be in a test phase.<\/p>\n<p data-start=\"2306\" data-end=\"2466\">Meanwhile, the BULK team recently raised $8 million in seed funding for another Solana-based perpetual DEX, with Yakovenko listed among the investors.<\/p>\n<p data-start=\"2468\" data-end=\"2721\">Many users and developers also view Toly\u2019s 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.<\/p>\n<p><em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/a>and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s decentralized exchange (DEX) space. This development has sparked considerable interest among investors and the broader DeFi community. Toly\u2019s New Perpetual DEX Initiative According<\/p>\n","protected":false},"author":36,"featured_media":33767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[24035,192,24912,847,21262,20850,319,9211,4225,24911],"class_list":["post-54667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-anatoly-yakovenko","tag-blockchain","tag-bulk-dex","tag-crypto-news","tag-defi-projects","tag-perpetual-dex","tag-solana","tag-solana-dex","tag-solana-ecosystem","tag-toly-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Toly Launches New Perpetual DEX on Solana! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Anatoly Yakovenko reportedly develops a new perpetual DEX on Solana; GitHub updates signal a potential DeFi innovation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/breaking-new-project-emerges-solana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toly Launches New Perpetual DEX on Solana! 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