Built on top of Phoenix CLOB instead of hyperliquid so the solana founder/ecosystem is supporting as well as meteora team
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- Posted
- 2026-09-12 02:18 UTC
- First seen
- 2d ago via trade comments
- Chain
- Solana
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- 3
Other theses on this trade
Beautiful thesis by Bonkguy who is now the top holder of $perpspad on fomo. So much higher 🚀
Feels like a giant pump loading. SOL long on $perpspad is highest PnL since inception - flywheel about to get spicy.
SEC also just greenlit tokenized stock venues, part of what this is built around
Over a quarter of the supply burnt from perp flywheel Founder of Solana supporting + other giant names from Solana ecosystem Tons of big names starting to catch on slowly
Still very early. Platform is starting to show solid revenue stats & put itself on the map. Buybacks & liquidity adds can be seen every few minutes as well. Flywheel is cooking.
Another unique feature that should bring a lot of users to Perpspad is the ability for existing projects to route their fees directly into the platform. So whether you’re an established memecoin or utility project, you can plug your existing revenue into the Perpspad flywheel and take advantage of the same system without needing to launch through the platform.
PERPSPAD has already pushed over $20M in reported volume across 100+ launches, with more than a quarter of the supply burned and $54k+ already used for buybacks. What makes it interesting is how launches can feed revenue back through Phoenix into perp treasuries, LP, buybacks, burns and creator rewards. There’s an actual flywheel here instead of just another launchpad token. Still feels extremely early given the size of the project. If even one launch really breaks out, the current valuation could start looking very cheap.
Entire solana ecosystem including the co-founder interacting with this post. Next $100m+ runner?
Just getting started. You have meteora team supporting, founder of Solana supporting (imagine if vitalik publicly supported something like this), launchpads are hot - no reason this doesn’t see $10m+
Founder of solana pretty vocal about supporting, same with other big solana ecosystem people/employees