Odaily Planet Daily News Raydium began offering derivatives contracts a few weeks ago, and its daily trading volume has reached $100 million. These contracts allow cryptocurrency traders to speculate on price fluctuations without holding actual tokens.
Currently, Raydium is the third most popular perpetual contract trading platform in the Solana ecosystem, second only to Jupiter and Drift. Although Raydium perpetual contracts are still in their infancy, their growth is still strong; its creators have not invested marketing funds to promote trading tools that have not yet been officially launched. InfraRAY, a core contributor to the project, said: "The Raydium brand is still very influential."
It is worth mentioning that most traders who use the Raydium derivatives trading platform have never visited its website, but accessed its services through trading aggregators, which disperse orders to multiple venues. This means that Raydium's activities may decrease, and crucially, its relationship with direct users (traders) will also weaken. InfraRAY said: "Raydium does a good job as a market maker, but when you build relationships with takers, the network effect is even greater." In addition, Raydium perpetual contract trading is supported by the Orderly Network, which allows perpetual contract traders from multiple blockchains to trade assets on a unified order book. Perpetual contract traders on Solana now contribute 25% of Orderly's total trading volume. CEO Ran Yi said: "Among the dozens of projects that provide perpetual contract trading supported by Orderly, we have a daily trading volume of between $200 million and $400 million." (CoinDesk)