$PERPED is live
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Perped is a Solana-based perpetual trading platform built to bring leveraged markets to the next generation of meme coins.
Every newly paired meme coin with sufficient liquidity can become eligible for a perpetual market, allowing traders to take long or short positions with 2x to 10x leverage, with everything settled in USDC.
Instead of relying on traditional exchange listings, Perped uses the liquidity already available in the underlying token market to support perpetual trading. Traders can take positions against the available liquidity, with losing positions contributing to the liquidity pool while profitable positions are settled from it.
Updating how liquidity information is presented across different markets.
When users move from one meme coin to another, the layout should stay consistent enough that they know exactly where to look for the important details.
Less relearning the screen every time. More focus on the market itself.
One issue we’ve been thinking about is what happens when someone understands meme coins but has never used a liquidity-based perp platform before.
The concept makes sense once you understand it, but we don’t want people learning it by clicking around and guessing.
We’re improving the first-time flow so the relationship between the coin, its liquidity, and its perp market feels much clearer. That includes how market status is presented, where leverage choices appear, and how much information someone sees before preparing a position.
We don’t want to bury users under explanations either.
The balance we’re working toward is simple: show enough context for someone to understand what they’re doing, but keep the actual trading flow fast.
That’s been one of the bigger UI priorities lately.
The important part isn’t just showing more markets. It’s helping people understand which ones actually have enough liquidity behind them to support trading.
Another round of UI work today.
We’re reducing some of the visual noise around market information so liquidity, leverage, and the actual trading action are easier to separate at a glance.
There’s a lot happening inside a perp market. The interface doesn’t need to make it feel even more complicated.
We’re changing how we think about the bigger user flow.
The product is not just about offering leverage on meme coins. The real job is building a path where a coin can go from having sufficient liquidity to becoming a tradeable perpetual market in a way users can actually follow and trust.
That means every part of the product has to reinforce the same idea. Discovery should show which markets matter. Liquidity tracking should make support conditions clearer. The trading flow should make action feel direct without hiding the important context.
That’s the larger direction behind a lot of the updates we’ve been making lately.
Some of the work is visual. Some of it is structural. Some of it is just removing confusion wherever we find it.
But all of it leads back to the same goal: if a meme coin has the liquidity to support a market, the product should make that opportunity easier to understand and easier to act on.
A small thing we’ve been cleaning up is how different parts of the product connect together.
Right now, the bigger vision only works if discovery, liquidity visibility, and trading all feel like parts of one flow instead of separate screens stitched together. That’s been a major focus recently.
If someone finds a meme coin with enough liquidity, the next steps should feel obvious. They shouldn’t have to mentally translate what the product means by liquidity support, market availability, and leverage options every time they move forward.
We’re refining those transitions so the whole experience feels more connected. The main job of the interface is to reduce hesitation. If users understand what a market is, why it’s available, and what they can do with it, everything becomes much easier.
That’s the standard we’re working toward right now.
We’re adding more clarity around leverage selection.
For newer users, jumping from a meme coin market into 2x to 10x trading can feel like a big leap if the context isn’t shown properly. We’re working on making the choice feel more informed, not just more visible.
A lot of the work here is about better context before action, so users understand what they’re choosing instead of just clicking through it.
Updating the market discovery flow.
One thing we noticed early is that a liquidity-based listing model can be powerful, but it can also feel confusing if the interface doesn’t explain it well enough. People need to understand why a newly launched meme coin is available, what is supporting that market, and how that connects to the perp side.
So we’ve been simplifying the path from discovering a coin to understanding whether it can support leveraged trading. Less clutter, clearer signals, and fewer moments where the user has to stop and piece things together themselves.
The goal is to make the jump from “this coin has activity” to “this coin can support a perp market” feel a lot more natural.
Thousands of tokens launch on Solana every single day.
But there’s a problem: most of them never get a perpetual market.
That means traders can buy and sell the token, but they have no way to trade it with leverage, hedge positions, or take long and short positions through a perpetual market.
That’s exactly what Perpetual is built to change.
Perpetual brings perpetual markets to tokens that don’t already have one.
A newly launched token shouldn’t need to wait for a major exchange or a massive ecosystem to get a perpetual market. If there’s a token, there should be infrastructure that can bring its market on-chain.
With Perpetual, we’re building a place where the long tail of Solana tokens can have access to 2x–10x leveraged perpetual trading, with everything settled in USDC.
The goal is simple:
Bring perpetual markets to the thousands of tokens that currently have none.
This isn’t about creating another market for the same few assets.
We’ve been fixing one of the biggest friction points in this kind of product: helping people quickly understand which meme coins are actually close to becoming tradeable perp markets.
Since the whole model depends on available liquidity, we’ve been cleaning up how that information is surfaced so it feels less buried and more useful. If someone is scanning markets, they shouldn’t have to guess why one coin is available sooner than another.
A lot of the recent UI work has been around making liquidity easier to read at a glance, making market eligibility feel more obvious, and reducing the amount of hunting users have to do before they understand what’s going on.
Small changes, but important ones. If the product is built around liquidity deciding the market, that part needs to be very clear from the start.
A meme coin shouldn’t need to become a household name before traders can long or short it. If the liquidity is there, the perpetual market can be there too.
A meme coin shouldn’t need to become a household name before traders can long or short it. If the liquidity is there, the perpetual market can be there too.
Meme coins can go from unknown to heavily traded in a matter of hours. The idea here is to let the market move with them, turning sufficient on-chain liquidity into a perpetual market with 2x to 10x leverage.
Built for memes that move fast. If a newly launched coin already has enough liquidity behind it, there should be a way to trade that market with leverage instead of waiting for a traditional listing.