BlockBeats news, June 2: Solana officially published an article titled "Building Fully On-Chain Perpetual Contracts on Solana," committing to aggressively advance the ecosystem of fully on-chain perpetual contracts (Perps) with the goal of making Solana the world’s leading infrastructure for on-chain financial derivatives. Currently, the majority of crypto derivatives trading volume is concentrated on centralized exchanges or hybrid models relying on off-chain matching engines, which Solana views as a transitional phase. Solana aims to leverage its high-performance blockchain capabilities to realize a truly fully on-chain derivatives market—where all processes, including order submission, price updates, matching, and liquidation, occur on-chain while maintaining institutional-grade speed and low costs.
The Solana Foundation will provide funding, technical support, and resource prioritization to projects that meet the following criteria: fully on-chain execution, price discovery based on genuine two-sided liquidity (not merely pool-based pricing), Solana-first architecture with revenue flowing back on-chain, teams with derivatives experience, and core code being open source. Contributions to surrounding infrastructure—such as frontends, aggregators, vaults, and market-making tools—are also welcome.