Over the past few years, perpetual futures (perps) have accelerated into a multi-trillion dollar market.
What started as a niche derivative is now a core financial primitive driving capital efficiency and activity across both CeFi and DeFi - concentrating liquidity, accelerating market participation, and enabling the pricing, funding, hedging, and delta-neutral strategies that power mature on-chain finance.
A thriving DeFi ecosystem needs high-performance perps.
With low latency, high throughput, parallel execution, and a unified global state, Solana is uniquely positioned to become the on-chain Nasdaq: a fast, cost-efficient environment capable of hosting the full spectrum of internet capital markets at scale.
But even with this foundation, trading use cases (like perpetuals) demand greater flexibility:
- Unpredictable transaction landing: inclusion timing is shaped by validator scheduling and overall network conditions. When markets move quickly, this makes it hard for latency-sensitive flows to rely on precise landing.
- Slower inclusion: trading venues share blockspace with every other on-chain workload. During peak activity, this competition can delay trades or require retries when consistent execution matters most.
- Non-deterministic ordering: transaction sequencing is defined by Solana’s global fee market and local fee market at Validator level. For example, perps cannot enforce maker-first, liquidation-first, or oracle-first logic within the base layer, they operate with ordering that can open room for MEV dynamics.
A high-performance environment built for general-purpose execution. Fast, transparent, and scalable, but not yet tuned for the precise, deterministic constraints that define top-tier perpetual markets.
This is the gap Parasol is designed to close.
A Solana-Native Engine for High-Performance Perps
Parasol introduces a dedicated execution environment specifically designed for perpetual trading: computation happens inside the engine, while settlement, liquidity, and state commitments stay on Solana.
It verifies all off-chain execution - from deposits and withdrawals to order matching and other operations - through ZK proofs that ensure every transition is correct and trustless.
This network extension architecture adds new capabilities to the base layer without isolating liquidity or breaking composability: assets remain on Solana, balances stay as standard SPL tokens, and applications continue to operate with the usual Solana experience. No wrapped assets, no network switching.
In practice, from a user perspective, Parasol behaves like any standard Solana protocol. What changes is that high-frequency markets get additional opportunities to they need to perform at their best.
Capabilities and Key Advantages
- App-specific dedicated blockspace: trading activity runs in its own isolated environment instead of sharing every slot with the rest of the network. This removes competition with other applications and helps maintain stable throughput even during peak network load.
- Predictable order execution: Once the engine confirms your order and issues a receipt, its execution is fully guaranteed and follows a deterministic path through the system. Traders gain confidence that their orders won’t be dropped, re-ordered, or delayed - enabling precise latency management and reliability for timing-sensitive strategies.
- 25 ms order execution time: the engine runs internal ticks at 25 ms, allowing traders to quickly confirm that their order has been included in that time.
- Fair deterministic transaction ordering: taking perps as an example, Parasol applies fairness rules inspired by Hyperliquid’s model. Makers receive priority over takers, while oracle updates and liquidations are placed in the correct sequence. This structure reduces MEV exposure and improves overall market quality.
Join Us in Perpifying Internet Capital Markets
When execution gets faster, pricing sharpens, liquidity deepens, and activity accelerates.
Parasol is the engine that sets that flywheel in motion, with a stronger Solana at the center.
If you're building perps or any trading-driven infrastructure on Solana, we’d love to talk.
Sign up at buildwithparasol.io to track our progress and follow us on X.
