Solana 的 Perp DEX 革命：揭開 Percolator 和分片引擎的面紗

Solana 聯合創始人 Anatoly Yakovenko 正在構建 Percolator，這是一個具有分片引擎的永久性 DEX，以在蓬勃發展的 DeFi 市場中挑戰 Hyperliquid 和 Aster。

Solana's Perp DEX Revolution: Unveiling Percolator and Sharded Engines

Solana 的 Perp DEX 革命：揭開 Percolator 和分片引擎的面紗

The Solana ecosystem is buzzing with activity as Anatoly Yakovenko, co-founder of Solana, is developing Percolator, a new perpetual DEX. This bold move aims to recapture Solana's position in the rapidly expanding world of decentralized finance (DeFi). Let's dive into what Percolator is, how its sharded engine architecture works, and what it means for the future of perp DEXs.

隨著 Solana 聯合創始人 Anatoly Yakovenko 正在開發 Percolator（一種新的永久性 DEX），Solana 生態系統正變得活躍起來。這一大膽舉措旨在重新奪回 Solana 在快速擴張的去中心化金融 (DeFi) 領域的地位。讓我們深入了解 Percolator 是什麼，它的分片引擎架構如何工作，以及它對 perp DEX 的未來意味著什麼。

The Rise of Perp DEXs and Solana's Response

Perp DEX 的興起和 Solana 的回應

Perpetual futures DEXs have exploded in popularity, reaching trillions in trading volume. Platforms like Hyperliquid have seen massive growth, even attracting users away from Solana. Percolator represents Yakovenko's strategic response to this shift, leveraging Solana's unique capabilities to create a high-performance, on-chain trading experience.

永續期貨去中心化交易所（DEX）人氣激增，交易量達到數万億美元。像 Hyperliquid 這樣的平台已經出現了巨大的增長，甚至吸引了用戶遠離 Solana。 Percolator 代表了 Yakovenko 對這一轉變的戰略響應，利用 Solana 的獨特功能來創建高性能的鏈上交易體驗。

Percolator: A Deep Dive into Sharded Matching Engines

Percolator：深入探討分片匹配引擎

Percolator distinguishes itself with its innovative architecture based on "sharded matching engines." Instead of a single, monolithic order book, Percolator distributes order-matching across multiple independent engines called "slabs." This design offers several key advantages:

Percolator 以其基於“分片匹配引擎”的創新架構而脫穎而出。 Percolator 不是單一的、整體的訂單簿，而是在多個稱為“板”的獨立引擎之間分配訂單匹配。這種設計具有幾個關鍵優勢：

• Parallelism: Slabs operate simultaneously, maximizing Solana's parallel execution model for high throughput.
• Fault Isolation: Issues in one slab won't impact other parts of the exchange, enhancing security and stability.
• Liquidity Provider Competition: Different liquidity providers can operate their own slabs, fostering innovation and competition.

Two core components drive Percolator:

驅動 Percolator 的兩個核心組件：

• The Router: Manages user collateral, portfolio margins, and coordinates trading across slabs, ensuring atomic settlement.
• The Slab Program: Houses the self-contained perpetual engines operated by liquidity providers.

The Competitive Landscape and Solana's Edge

競爭格局和 Solana 的優勢

Percolator enters a market dominated by Hyperliquid, but also seeing challenges from Aster and other emerging platforms. Solana's potential advantage lies in its raw throughput. Being native to Solana, Percolator can leverage the blockchain's ability to process thousands of transactions per second. This may translate to faster execution and lower fees compared to competitors.

Percolator 進入了由 Hyperliquid 主導的市場，但也看到了來自 Aster 和其他新興平台的挑戰。 Solana 的潛在優勢在於其原始吞吐量。 Percolator 是 Solana 原生的，可以利用區塊鏈每秒處理數千筆交易的能力。與競爭對手相比，這可能意味著更快的執行速度和更低的費用。

Development Status and the Road Ahead

發展現狀及未來之路

While core infrastructure is complete, key components like liquidation mechanisms are still under development. Yakovenko's open-source approach, even encouraging others to “steal the idea,” fosters community contribution and rapid iteration. While no official launch date exists, a testnet launch could be on the horizon.

雖然核心基礎設施已經完成，但清算機制等關鍵組件仍在開發中。 Yakovenko 的開源方法，甚至鼓勵其他人“竊取想法”，促進了社區貢獻和快速迭代。雖然沒有正式的發布日期，但測試網的發布可能即將到來。

The Stakes for Solana

Solana 的賭注

If successful, Percolator could become a flagship DeFi project for Solana, demonstrating the blockchain's ability to handle complex exchange-grade workloads on-chain. It could also help Solana reclaim lost trading volume and users, solidifying its position as a leading blockchain for DeFi innovation.

如果成功，Percolator 可能成為 Solana 的旗艦 DeFi 項目，展示區塊鏈處理鏈上複雜的交易所級工作負載的能力。它還可以幫助 Solana 奪回失去的交易量和用戶，鞏固其作為 DeFi 創新領先區塊鏈的地位。

Final Thoughts

最後的想法

Percolator is a bold attempt to shake up the perp DEX landscape. Will it dethrone Hyperliquid or become the next big thing on Solana? Only time will tell. But one thing is for sure: the race for perp DEX dominance is heating up, and Solana is ready to rumble!

Percolator 是一次顛覆 DEX 格局的大膽嘗試。它會取代 Hyperliquid 還是成為 Solana 上的下一個重大事件？只有時間才能證明一切。但有一件事是肯定的：爭奪 DEX 主導地位的競爭正在升溫，Solana 已準備好出擊！