Solana has officially announced a major push to develop a fully on-chain perpetual contracts (Perps) ecosystem, as outlined in a newly released article titled “Building Fully On-Chain Perpetual Contracts on Solana.” The goal is to position Solana as the world's most robust on-chain financial derivatives infrastructure. The post highlights that most crypto derivatives trading volume still occurs on centralized exchanges or hybrid models that rely on off-chain matching engines, a situation Solana sees as merely transitional.
Full On-Chain Execution and Performance Edge
Solana aims to leverage its high-performance blockchain to bring every critical step of perp trading—order submission, price updates, matching, and settlement—fully on-chain while maintaining institutional-grade speed and low costs. With a capacity for thousands of transactions per second and negligible fees, Solana can deliver an on-chain derivatives experience that rivals centralized platforms. This fully on-chain approach removes reliance on centralized intermediaries, mitigates counterparty risk, and ensures transparent, verifiable trading processes.
Foundation Resources and Project Eligibility
To bring this vision to life, the Solana Foundation will provide funding, technical support, and prioritized resources. Projects seeking support must meet a clear set of criteria: completely on-chain execution with no off-chain components; price discovery based on genuine bilateral liquidity, such as through order books matching buyers and sellers rather than relying solely on automated market maker (AMM) pool pricing; prioritizing deployment on Solana with revenue flowing back on-chain; a team with proven derivatives experience; and open-source core code for security and transparency. These standards are designed to ensure reliability, decentralization, and strong alignment with the Solana ecosystem. In addition, the Foundation welcomes builders of front-end interfaces, aggregators, vaults, market-making tools, and other supporting infrastructure to participate in building a comprehensive ecosystem.
Through this coordinated effort, Solana aims to attract top-tier developer teams and establish a decentralized, efficient, and institution-ready on-chain perpetuals market, reinforcing its position at the forefront of on-chain financial derivatives.