
24h Volume
$454M
-18.3% 24hOpen Interest
$88.5M
Fee
Mar 2026 — May 2026 · 81 days
Emerging perp DEX with focus on capital efficiency and a unique margin system. Backed by notable crypto VCs.
2026
Weekly airdrop program completed Feb 2026. Self-funded model. No confirmed native governance token yet. Pre-TGE.
10M points every Thursday
Cumulative volume $100B+. Self-funded (like Hyperliquid). 22-week airdrop program ended Feb 2026 (220M tokens). Co-founded by ex-FTX COO Constance Wang.
Pacifica is an emerging perpetual DEX on Solana with a focus on capital efficiency and an innovative margin system. Launched in June 2025, it was co-founded by Constance Wang, former COO of FTX, and follows a self-funded model similar to Hyperliquid — no venture capital backing.
The platform offers 15 markets with up to 25x leverage, charging 0.02% maker and 0.05% taker fees with USDC as collateral. While the market selection and leverage are conservative compared to larger competitors, Pacifica's capital-efficient margin system aims to let traders do more with less collateral.
Pacifica's self-funded approach and FTX leadership pedigree have generated significant interest, with cumulative volume exceeding $100 billion despite its recent launch. The team's experience building one of the largest centralized exchanges informs the platform's focus on performance and reliability.
A 22-week airdrop program distributed 220 million tokens and concluded in February 2026. Weekly distributions of 10 million points every Thursday and trading competitions (500,000 points for top 100 traders) drove early adoption. No confirmed native governance token has been announced yet, maintaining speculation about the final tokenomics.
Pacifica is best suited for Solana traders who value capital efficiency, want to support a self-funded protocol, and believe the team's centralized exchange experience translates into a superior decentralized product.