Solana co-founder Anatoly Yakovenko has endorsed the creation of a native perpetuals decentralized exchange (DEX) on the Solana Virtual Machine (SVM), aiming to challenge Hyperliquid's dominance in on-chain derivatives trading. Yakovenko emphasizes the importance of developing Solana's own perpetuals infrastructure with atomic composability to maintain user engagement and trading volume on the platform. While specific details and a launch timeline for the project remain undisclosed, the move comes as Hyperliquid continues to capture a significant share of perpetuals trading volume. Hyperliquid co-founder Jeffrey Yan is actively engaging with U.S. policymakers on regulatory issues, potentially gaining an edge if the CLARITY Act, which addresses crypto derivatives regulation, is enacted. Solana's initiative seeks to leverage its speed and cost benefits to compete, despite Hyperliquid's established network effects and liquidity.