Raydium, Solana's decentralized crypto trading engine, launched derivatives contracts a few weeks ago, with daily trading volume exceeding $100 million. Such contracts allow cryptocurrency traders to speculate on price fluctuations without holding actual tokens. Currently, it is Solana's third most popular perpetual contract trading platform, behind the ecosystem's trading giants Jupiter and Drift. It is reported that Raydium's perpetual contract trading is supported by Orderly Network, a trading project outside the Solana ecosystem. Orderly allows traders of perpetual contracts from multiple blockchains to trade assets on a unified order book.