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

Hyperliquid's various metrics have consistently outperformed centralized exchanges, with the token price repeatedly hitting new highs. Perp DEX has become one of the most profitable and fiercely competitive business sectors in the crypto industry.

It is in this background that Pacifica was born.

Pacifica Product Introduction

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

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

In terms of performance, Pacifica leverages Solana's high throughput capabilities and has a certain advantage in execution latency and order processing speed. Additionally, it integrates AI-assisted trading strategy generation and risk management to lower the barrier to strategy formulation.

Currently, as it is still 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 tier is 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, with the sub-account's trading volume included in the total used for the main account fee calculation.

As this is a Solana-based Perp dex, a Solana-compatible DeFi wallet (such as Phantom, Solflare, Backpack, Ledger, etc.) and USDC collateral are required before trading.

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

Team & Funding Background

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

Pacifica's founder, Constance Wang, previously served as FTX COO & FTX Digital Markets Co-CEO, and held roles such as Head of Business Development at Huobi, bringing experience in risk management from Credit Suisse Private Banking. She has rich experience in global exchange operations, risk control, and business development.

Another co-founder, Jose (@The0xJose), founded NFTperp and successfully raised a $3 million round with 1kx as the lead investor, familiar with the end-to-end 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 taking on the role of Pacifica's product narrative and user experience design.

There is another core team member, Tony (@AsyncBlock), with not much information available, speculated to be primarily responsible for Pacifica's technical development work.

On the funding front, Pacifica has maintained zero external funding, as explicitly stated on its website, "We haven't raised external capital," with funds entirely self-raised by the founding team for a more independent and controlled development pace.

Currently, Pacifica is seen engaging in gamified marketing activities, attempting to build community interaction highlights to increase trading volume. The FTX background of founder Constance Wang has also sparked many discussions. Within the overall Solana DEX community, there are also discussions on development hurdles and ease of building, implying increasing expectations for high-performance DEX—this is a favorable background for Pacifica.

Next, the competition in the Perp dex space will only intensify: Solana's ecosystem is amplifying its advantage in fundamental performance and liquidity, AI-driven trading tools will accelerate the lowering of the barrier to entry for retail users into complex strategies. For Pacifica, opportunities and challenges coexist.

In this race where both liquidity and speed are crucial, the market will ultimately reward those players who can both "run fast" and "tell a good story." Can Pacifica grow from a "promising stock" to a "top-tier player"? Let's take it step by step and see.

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