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Perpetual

Focus: Eligibility, snapshot date, token reward analysis.

Overview

What is BULK?

BULK is a decentralized perpetuals exchange built on Solana, designed to deliver CEX-level trading speed in a fully on-chain environment. The platform runs an ultra-low latency orderbook and a custom execution layer integrated directly with Solana validators, targeting traders who want leveraged crypto derivatives without giving up self-custody or censorship resistance.

The project closed an $8 million seed round in September 2025, co-led by Robot Ventures and 6th Man Ventures. Backers include Wintermute Ventures, Mirana Ventures, and Chapter One, with Solana co-founder Anatoly Yakovenko participating as an angel investor. Wintermute’s involvement is particularly worth flagging given how much of a perp DEX’s success comes down to market-maker quality at launch.

BULK is currently live on testnet, with mainnet expected, though no date has been confirmed. Active development covers margin modes, the risk engine, and deeper validator integration.

Participation Guide

  1. 1

    Step 1: Visit the BULK testnet

  2. 2

    Step 2: Connect a Solana wallet

  3. 3

    Step 3: Link your X account

  4. 4

    Step 4: Claim testnet funds

  5. 5

    Step 5: Open perpetual positions

  6. 6

    Step 6: Stake SOL through BULK

  7. 7

    Step 7: Join the Discord

  8. 8

    Step 8: Test new features and submit feedback

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