Over the past two years, the landscape of the Perp DEX track has been rapidly evolving—from early emphasis on security and basic functionality to today's competition focusing on matching speed, liquidity depth, capital efficiency, and higher-level user experience and strategic tools. The competition in the track is increasingly resembling a "high-performance financial infrastructure" war, where the winner must not only lead in performance but also establish a position in product narrative and user mindset.

Hyperliquid's various data continually suppress centralized exchanges, and the token price has repeatedly hit new highs. Perp DEX has become one of the most profitable and fiercely competitive business sectors in the crypto industry.

Pacifica was born in such a context.

Pacifica Product Introduction

Pacifica is a Solana-based perpetual contract DEX founded by three founders, including former FTX COO Constance Wang, in January 2025. It went live on the testnet in just two months and completed its mainnet launch on June 10. Two months after the launch, the platform's trading activity quickly surged, and by August 13, the daily trading volume had exceeded $50 million, with over 1,000 active users, showing strong growth momentum.

Their goal is to build a platform that combines top-notch trading performance, user-centric product design, and AI-driven smart trading tools, allowing anyone to easily execute complex trading strategies.

In terms of performance, Pacifica leverages Solana's high throughput, giving it a certain edge in execution latency and order processing speed. Additionally, its integration of AI-assisted trade strategy generation and risk management helps lower the threshold for strategy formulation.

Currently, due to being in the early stages of the product, Pacifica's mainnet only supports trading of three perpetual assets (BTC, ETH, SOL), with more assets to be listed in the future.

Pacifica's fee tiers are entirely based on trading volume, updated daily based on the account's trading volume over the past 14 days. All sub-accounts share the same fee tier as the main account. The trading volume of sub-accounts is included in the total amount used to calculate the main account fees.

As this is a Perp dex built on the Solana chain, prior to trading, you will need a Solana-compatible DeFi wallet (such as Phantom, Solflare, Backpack, Ledger, etc.) and USDC collateral.

For security reasons, as the closed test scale expands, Pacifica currently limits the maximum deposit amount to $5000. Any deposits exceeding this amount will be restricted at the front end, and API deposits exceeding this amount will be held in a pending state.

Team & Funding Background

According to the official website, Pacifica's core team members come from top crypto exchanges Binance, FTX, Coinbase, NFTperp, top financial institutions Jane Street, Fidelity, and AI pioneers OpenAI, DeepMind, ByteDance, with academic backgrounds from MIT, Stanford University, National University of Singapore, and other leading institutions.

Pacifica's founder Constance Wang, formerly the FTX COO & FTX Digital Markets co-CEO, has also held roles as Head of Business Development at Huobi and has experience in risk control at Credit Suisse Private Bank. She brings extensive experience in global exchange operations, risk management, and business development.

Another co-founder, Jose (@The0xJose), previously founded NFTperp and successfully raised a $3 million round with 1kx as the lead investor, familiar with the full process of building a high-performance decentralized exchange from scratch. At Pacifica, she focuses on optimizing the stability, efficiency, and scalability of the trading system, as well as leading the Pacifica product narrative and user experience design.

There is another core team member, Tony (@AsyncBlock), for whom not much information is available, but it is speculated that he is primarily responsible for Pacifica's technical development work.

In terms of funding background, Pacifica has to date maintained zero external financing, as stated clearly on their website "We haven't raised external capital." The funds are entirely self-raised by the founding team, leading to a more independent and controllable development pace.

So far, Pacifica is attempting gamified marketing activities to create community interaction highlights and increase trading volume. The background of team founder Constance Wang, with her FTX background, has also sparked many discussions. Within the overall Solana DEX community, there are also users discussing the development threshold and building convenience, mentioning that the current development environment is becoming more mature, implying expectations for a high-performance DEX—this is a favorable background for Pacifica.

Next, the competition in the Perp DEX track will only intensify: Solana's ecosystem is amplifying its advantages in basic performance and liquidity, AI-driven trading tools will accelerate the lowering of the threshold for ordinary users to enter complex strategies. For Pacifica, opportunities and challenges coexist.

In this track where both liquidity and speed are crucial, the market will ultimately reward those players who can both "run fast" and "tell a good story." Whether Pacifica can grow from a "promising stock" to a "top player," we will have to wait and see together.

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