pacifica27

what's pacifica?

Pacifica is a decentralized perpetual futures exchange built on Solana, designed to provide a high-performance trading experience similar to centralized exchanges while maintaining the transparency and self-custody of DeFi. Founded by a former FTX COO, it supports leverage trading with advanced order types, APIs, and both cross-margin and isolated-margin systems. The platform currently offers trading for twenty perpetual assets in a closed alpha phase, with plans to expand based on community demand. It emphasizes low fees, fast execution, and community incentives like points systems for potential airdrops to bootstrap liquidity and user adoption.

Snapshot

Pacifica's team includes an ex-FTX COO.

9H ago
TEAM UPDATE

Team includes ex-FTX COO.

1M ago

Equity perps and scaling orders launch for user testing, available now for feedback.

Extended platform records 900k volume from market orders using new XVS feature during Extended x Pacifica competition offering bonus points to participants.

20% points boost available this month for enhanced points accumulation.

Cross-chain deposits go live, expanding deposit functionality across multiple blockchains.

TGE scheduled for second half of 2026, positioned alongside Variational as longer-term farming opportunities compared to near-term launches like Loghter and extended launches in coming months.

Spreads integrates Pacifica as an underlying perp market platform for their USDC vaults, enabling users to gain market-neutral exposure to non-token perpetual markets with options for leveraged points farming or yield generation.

Open Interest stands at $63M, trailing competitors Paradex ($387M) and Variational ($322M). Volume to OI ratio reaches 10.75, significantly higher than Paradex (2.27) and Variational (3.60).

Token launch is upcoming, listed among several DeFi projects with imminent token generation events.

Allegations surface that The Block crypto media outlet excluded Pacifica from coverage, with questions raised about potential paid bias against the platform.

Development roadmap reveals plans for a proprietary L1 blockchain with sub-second finality, Rust/WASM execution, and EVM/SVM compatibility. Mobile app for iOS/Android and unified margin across spot and perps currently in development as Phase 2 features.

Pacifica integration goes live on Binance Wallet as a newly added dApp.

Pacifica holds the largest weekly share of Solana's perpetual trading volume, with total weekly perp volume reaching $17.9B all-time high.

Third-party tier list places the project in B tier for perpetual DEXs, positioning it mid-tier among 11 competing platforms including below HyperliquidX (S tier) and dYdX (A tier), alongside Reya and GMX.

Pacifica runs an "InfoFi" campaign and approaches traders to participate in the program.

Third-party market analysis predicts $500M+ FDV tier for the project's anticipated token launch, positioning it mid-tier among current tokenless perpetual DEXs.

Tread.fi market maker bot generates $285k volume from $100 capital on the platform, showing specific performance metrics for the recently launched integration.

Trading terminal Tread_fi goes live with points season 1, integrating Pacifica alongside Trade and Paradex for multi-DEX strategies and market maker bot functionality.

Trading bot platform Origami plans to add support for advanced automated trading strategies and DEX volume farming in upcoming release. (Tweet ID: 1991174705877754325)

Branded Keystone 3 Pro hardware wallet becomes available for purchase through official store as part of collaboration with Keystone.

Captures 54% of weekly perpetual futures volume on Solana by mid-November, up from negligible share in August, while maintaining approximately $50M in open interest and TVL above $40M.

2M ago

Partnership with Panda Land farming group goes live, offering members 15% boost to points, the highest boost tier available on the platform.

Orderbook depth and liquidation heatmap go live as new product features.

Points page launches live, allowing users to view rankings and accumulated points for platform activity.

Now ranks #1 among all Solana perpetual DEXs in trading volume across 24-hour, 7-day, and 30-day periods, overtaking Jupiter Exchange.

Pacifica ranks as the 3rd largest perpetual DEX platform on Solana with $404M in average daily trading volume, behind Jupiter Exchange ($726M) and Drift Protocol ($465M).

New integration with Tread_fi perpetual DEX terminal goes live, allowing traders to access Pacifica through a unified platform with algorithmic trading tools.

Team implements a hot/cold hybrid security architecture with capped hot wallets for withdrawals and a cold vault secured by multi-sig governance through Squads Protocol integration.

EVFARM bot integration goes live with parallel bot functionality, and Paradex support is now available.

Pacifica records all-time high trading volumes in October, ranking among major gainers in the perpetual DEX market alongside Aster, EdgeX, and ApeX during a month when the sector reached $1.2T total volume.

Project roadmap includes building their own L1 blockchain for improved user experience.

Pre-points season users received 4x less weekly points compared to points program users, described as unfavorable dilution from the start. Trader rates the project as "C tier" and recommends avoiding farming until weekly volumes drop to around $2B (versus current ~$11B weekly based on $1.6B daily).

Integration with EVplusAI trading bot platform launches within 1-2 days, enabling automated farming alongside other major DEXes.

TGE pushed to 3Q2026 from previously indicated end of 2025 timeline. Project ranks among top 5 in TVL as self-funded DEX on Solana.

Listed among projects planning Token Generation Events between now and end of year in the Perp DEX category.

Existing point balances receive 20x multiplier and weekly point distribution changes to fixed 10,000,000 points starting Oct 30.

Current daily volume stands at $1.6B (down 40% from $2.8B ATH) while open interest hits ATH of $468.78M, showing 10:1 volume/OI ratio versus competitors Variational (4:1) and Extended (8:1).

TWAP orders launched on mainnet with additional features including TP/SL price toggle, orderbook refresh speed increased 5x to 100ms, and leaderboard refresh cut from 15 to 5 minutes.

Announces plans to release Subaccounts feature and an enhanced points page soon.

User reports losing $500 to earn 37 points on the platform, with points farming scheduled to continue for 10 more months.

Flipped Jupiter to rank as Solana's #1 perpetual DEX by weekly volume in late September 2025, despite October showing decreased new addresses.

EVFARM bot developer states Pacifica has insufficient liquidity causing spread problems, recommending Lighter and Hyperliquid as better exchange pairs instead.

Platform reports 20,000+ active traders and $35B total trading volume milestone, ships hotkey feature and deploys TWAP orders to testnet with Subaccounts backend complete and Vaults in development.

Our Network features the platform in latest perpetual DEX coverage alongside major platforms including HyperliquidX, GMX, Lighter, and Gains Network.

ROI competition launches with tens of thousands of points available and only 1,000 users participating so far.

Points program incentivizes Open Interest by rewarding open positions, with referral benefits including 10% point boost and 25% fee rebate.

Referral bootcamp program relaunches featuring daily badge competitions in four categories with winners announced at 2pm UTC.

Platform processes $1B+ in daily trading volume and operates with invite-only access.

Platform builds its own L1 infrastructure and operates with zero VC funding in a community-first model. Total volume reaches $22B+ with 22k+ active users, and points program enters its 5th week.

New referral fee rebate program launches with up to 15% rebate on trading fees while simultaneously enabling points farming for participants.

3M ago

Ranks 13th out of 18 platforms in updated unofficial perp DEX rankings, a one-position decline from previous 12th place.

Pacifica ranks 12th out of 17 platforms in an unofficial perpetual DEX ranking list, positioned behind established competitors like Hyperliquid, Jupiter, GMX, and dYdX.

TGE timeline updated to Q1 2026 with 20-25% token allocation for points holders, and partnership announced with cookiedotfun for social rewards. Platform reports $20B+ cumulative volume, $100M+ open interest, 20k+ active users, and $32M TVL with 100% month-over-month growth during closed beta, while points trade OTC at $0.8-$1 and LP points launch approaches.

During a significant market cascade event, the platform maintained zero downtime and zero lag with stable liquidity, only experiencing withdrawal delays caused by Solana network congestion, positioning it as a winner compared to competitors who faced outages.

A trader announces plans to move significant capital ("size") to the platform, citing its strong performance relative to competition.

The platform announces plans to build its own L1 infrastructure to improve trading speed, is currently profitable in week 3 of points distribution, and plans token buybacks similar to PUMP and HYPE. Founder is confirmed as Constance Wang, former FTX COO/co-CEO.

TGE is expected in approximately 10 months according to community promoter sharing referral codes for the points program.

The platform operates with invite-only access and is built by a team with backgrounds from Binance, FTX, Coinbase, and NFTperp.

The platform is completely bootstrapped with no VC funding, operating as a self-funded Solana perp market listed among 14 tokenless perpetuals platforms in what the analyst describes as an increasingly saturated market.

The founder previously built NFTPerp, whose team spawned the founders of PumpFun and Moonshot. $ZC token is involved in building out @attn_trade in connection with the platform.

According to a comprehensive perp DEX analysis, the platform has distributed 24M points and is described as early stage with high yield but low awareness compared to competitors like edgeX, Lighter, and Extended.

The platform has an active points farming program for traders, with current timing described as optimal for accumulating the largest amount of points with minimal volume/effort, potentially positioning for a future airdrop similar to Hyperliquid's approach.

A trader predicts the platform will flip Paradex within 24 hours, providing a specific timeframe compared to previous general predictions. The platform was valued at $400M as of 48 hours ago according to the same source.

The platform now leads Solana perpetuals trading, advancing from its previous second-place position behind other DEXs.

The platform has achieved $20m+ in TVL and $6.9Bn+ in perpetual trading volume in less than a month, demonstrating significant traction as a new perp DEX.

Pacifica is listed among projects planning to launch their Token Generation Event (TGE) in Q4 2024.

A points system is being discussed with a base case valuation of $10 per point.

The platform is positioned to potentially flip Paradex soon in competitive rankings, following its previous flip of Drift to become the second largest DEX on Solana.

The team includes a co-founder of FTX and key personnel from OpenAI, Jane Street, and Binance, expanding the previously known team background beyond just the NFTPerp founder connection.

The platform is currently profitable from trading fees with zero VC funding, has announced plans to build its own L1 infrastructure to maximize exchange speed, and intends to implement a token buyback strategy using profits similar to $PUMP and $HYPE models. The points distribution program is currently in its third week.

A Token Generation Event (TGE) is confirmed for points farmers, with the platform offering up to 50x leverage and recommended daily volume targets of $100k-$1M for optimal point accumulation over a suggested 2-4 month farming period.

The team includes members from OpenAI, Jane Street, and Binance, and the project is self-funded without VC backing.

The platform is currently in closed beta and has expanded its roadmap to include RWAs (Real World Assets) and vaults alongside the previously announced spot trading capabilities.

The team includes alumni from major crypto exchanges (Binance, FTX, Coinbase), top financial institutions (Jane Street, Fidelity), and AI companies (OpenAI, DeepMind, ByteDance), with no VC involvement as the team self-funds. The platform plans to expand beyond perpetuals to spot trading with direct Solana DeFi integration capabilities.

The DEX is built by the former COO of FTX according to recent disclosures.

The platform has launched a referral program providing 10% points boost and 25% fee rebates paid daily, accompanied by coordinated promotional activity across multiple accounts suggesting an affiliate campaign.

Rumors emerge of FTX COO involvement in building the platform, coinciding with SBF's recent tweet; platform remains in closed beta with boosted referral codes available for selected traders, with points program launching 2 weeks ago.

A crypto trader identifies the platform as a "mid option" tokenless perps platform with low current competition, where users can push $100k-200k notional volume and easily rank in the top 15%-5% of users as part of a broader farming strategy.

Flips Drift to become second largest DEX on Solana according to leading metrics analysis.

Partnership with Panda Land community launches offering 10% points boost on all trading activity and exclusive promotions including custom PnL cards, with potential for increased boost rates after the first month for early users.

4M ago

Deposit limit increased from $10k to $25k while points trade at $11-12 OTC ahead of first distribution.

Points distribution scheduled for the following day, positioning the project similarly to Hyperliquid with no VC funding and active revenue generation.

New copy trading feature launching soon while maintaining bootstrapped funding model.

Achieves $1B in trading volume on restricted mainnet, with new team competition "Conquest League" driving user engagement through prizes and side quests.

Former FTX COO and co-CEO Constance Waing revealed as co-founder, bringing extensive CEX experience from FTX and Huobi.

5M ago

New co-founder joins to lead distributed systems, risk framework, and product development.

6M ago

New partnership with AUSD announced to power exchange flows and collateral management on Solana, projecting $40M annual cashflow at $1B TVL.

7M ago

Closed beta launches with $6M total trading volume achieved.

8M ago

Alpha trading competition launches this week with rewards for qualified participants.