According to @rovercrc, the founder of Solana has begun building a perpetual futures DEX on Solana named Percolator, positioning it as a native on-chain derivatives venue for the SOL ecosystem, source: Crypto Rover on X (Oct 20, 2025). The post did not provide a whitepaper, code repository, team details, or a launch timeline, limiting immediate verifiability and leaving rollout specifics unclear, source: Crypto Rover on X (Oct 20, 2025). For trading, monitor SOL spot and perp volumes, funding rates, and open interest for positioning shifts around this headline, as funding and OI are leading indicators of leveraged sentiment, source: Binance Academy (Funding Rate and Perpetual Futures explainer). If confirmed, native perps can materially lift on-chain activity and fees, as seen with GMX on Arbitrum and dYdX where derivatives protocols have ranked among top fee generators, source: Token Terminal historical fee dashboards; dYdX Foundation ecosystem statistics. Higher on-chain activity can increase Solana transaction counts and fee burn, which may be constructive for SOL if sustained by real usage rather than short-term speculation, source: Solana Docs (Transaction Fees and Burning; Fee Markets).