The 2026 Solana perps landscape is post-Drift — the former category leader lost $285M in an April 2026 hack and is rebuilding. The active competition is BULK Exchange, Hyperliquid, and Jupiter Perps. This comparison covers execution speed, margin efficiency, fee structure, fair ordering, and community allocation.
BULK Exchange targets 5–20ms matching latency via leaderless BFT consensus with no structural front-running risk. Hyperliquid runs ~200ms on a single-leader chain with deep existing liquidity. Architecture, margin efficiency, community allocation, and where each exchange actually leads.
BulkSOL and JitoSOL both earn base Solana staking yield and MEV tips. Only BulkSOL earns a third stream: 12.5% of all BULK Exchange trading fees. This comparison covers yield analysis, risk profile, DeFi integrations, and who should hold each.
1M AURA distributes every week. Formula: USDC deposited × time held. Every Saturday you're not in is AURA you can't recover.
Minimum $10 · Withdrawable anytime · Converts to trading margin at mainnet