Raydium, a decentralized exchange (DEX) on Solana, has officially launched a beta version of its Perpetual Futures trading feature. This new feature is supported by a gasless Central Limit Order Book (CLOB) model that allows for up to 40x leverage. It offers traders a familiar Centralized Exchange (CEX)-like interface while maintaining the decentralized nature of the platform.

The public beta phase enables users to trade over 70 asset pairs at ZERO maker fees and low taker fees. Users are encouraged to test the platform and report UI/UX bugs for rewards in $RAY tokens. This initiative aims to offer a cost-effective and efficient trading experience, thus attracting more users to the platform.

Perpetual Futures stand out because they do not have any expiration dates, offering traders more flexibility in their strategies. This type of trading allows positions to be held for longer periods, catering to both short-term and long-term speculative strategies. The innovative approach of Raydium in launching this feature may establish it as a significant player in Solana’s ecosystem.