[DISCUSSION] Solana Perp DEX Guide 2025 — Drift vs Zeta vs Jupiter vs Aster 🚀

Perps trading on Solana have gone from side-show to serious. Fees are ridiculously low, the fills are fast, and now traders have actual choices.

The big question: which venue matches your style? 👇

⚡ Drift • Hybrid model: orderbook + AMM + JIT liquidity auctions • Cross-margining + Pyth oracles = CEX-like fills • Best for: size takers / scalpers

Plus, you can trade right from telegram on any device if you use the SolCypher bot.

📉 Zeta Markets • Pure on-chain orderbook • Lower fees + straightforward perp flow • Best for: fee-sensitive, no-nonsense traders

📲 Jupiter Perps • Part of the Jupiter super app (swaps, perps, lending) • Chainlink Data Streams + JLP for LP exposure • Best for: retail/casual traders who already live in Jup

🚀 Aster (the new challenger) • Rising hype, smaller liquidity today • Airdrop coming for active traders • Best for: degens + early farmers

⚠️ Risks

• Liquidation engines differ — know the insurance fund rules. • Oracles matter: Pyth vs Chainlink feeds can diverge in volatility. • Aster = opportunity, but thin books until volume grows. 

👉 Question for the floor: Where are you trading perps on Solana right now, and will you farm Aster’s airdrop?