Pacifica Perps

Our assessment

Pacifica runs perpetuals on Solana with $26m locked, two recorded audits and reports linked. Among the Solana protocols in this comparison, published audit evidence is rare enough to be the main thing worth saying.

Solana suits perpetual trading

Fast finality and negligible fees make frequent order updates and prompt liquidations economically viable — the same properties that let order books work on purpose-built chains, available here on a general-purpose one. That is why several perp venues have chosen it, and why the competition on this chain is intensifying.

Audits published, in a category that usually does not

Eight of the fifteen perp venues here have no linked audit report. Having two, with reports a reader can open, is the strongest contract-risk evidence available before deployment. It does not prevent an exploit — audits routinely miss things — and it is the difference between a claim and a document.

Depth is the constraint

At $26m, large positions face slippage and exits during volatility are harder than entries. Market quality is 25% of the score in this category and records this directly. For modest position sizes it is workable; for size it is not.

Who it suits

Pacifica fits Solana traders who want audited contracts and are trading in modest size. Traders needing depth on Solana should compare Jupiter's perpetual exchange, which holds far more liquidity but publishes less.