Pacifica adds JUP perpetual contracts, can 10x leverage combined with point bonuses shake up the Perp DEX market?

Solana on-chain perpetual contract platform Pacifica is making frequent moves. On January 5th, the platform launched Jupiter (JUP) U-margined contracts, supporting up to 10x leverage trading. Additionally, last week Pacifica added perpetual contracts for tokens such as WLD, LIT, and XAG. Along with product expansion, the platform also introduced a points bonus mechanism and the Coinbob copy trading tool, aiming to find breakthroughs in the highly competitive Perp DEX market.

Rapid Product Iteration, JUP Becomes a New Highlight

New Contract Types and Leverage Multipliers

Pacifica’s recent contract expansion covers several popular tokens. According to official announcements, the new contracts are as follows:

As the newest contract token, JUP supports the highest leverage. This choice is not arbitrary. According to related information, JUP currently ranks 78th in market cap among cryptocurrencies, with a 24-hour increase of 2.16% and a 7-day increase of 8.01%, indicating relatively high market interest. The platform offers higher leverage on more active tokens, which can attract traders and help balance risk to some extent.

Attempt at Differentiated Competition

In the Perp DEX market, Pacifica faces many competitors. According to the latest data, Hyperliquid leads with approximately $3.09 billion in 24-hour trading volume and about $7.77 billion in open interest. Platforms like Lighter and Aster also have substantial trading volumes. In this competitive landscape, Pacifica chooses to rapidly expand its contract offerings, attempting to attract users through richer trading options.

Points Bonus Mechanism: Incentivizing Continuous Trading

Design Logic of Incremental Bonuses

Pacifica’s points bonus mechanism is linked to consecutive trading days, which is an interesting incentive design. According to official information:

• 2% daily incremental points bonus
• Every week, with a 5-day cycle, a total increase of 10%
• Users trading more than 5 consecutive days can receive over 23% points bonus at most

This design encourages users to participate in trading continuously rather than making a one-time trade and leaving. From the platform’s perspective, this can increase user stickiness and trading frequency; from the user’s perspective, it offers more opportunities to accumulate points.

Airdrop Expectations and Cost Calculation

Based on trader analysis, during the fee waiver period of 50%, with the maximum 23% points bonus stacked, the cost per point can be reduced to about $0.15. Assuming the points program lasts 22 weeks and the airdrop ratio is 25%, each point could be worth approximately 1.136 tokens. This expected return is attractive to participants and explains why Pacifica emphasizes the points mechanism in its promotion.

Improving the Tool Ecosystem

Pacifica has also partnered with Coinbob, an on-chain data analysis and copy trading tool. Users can follow and replicate high-frequency trading strategies via the Coinbob Pacifica bot to earn more points. This ecosystem enhancement lowers the participation barrier for new users and provides data support for experienced traders.

Summary

Pacifica’s series of actions reflect the current competitive landscape of the Solana ecosystem’s Perp DEX market. By rapidly expanding contract types, launching incentive mechanisms, and developing supporting tools, the platform is trying to establish its own competitive advantage. The launch of JUP and support for 10x leverage demonstrate the platform’s agile response to market hotspots. However, whether Pacifica can capture more market share through these innovations in the face of strong competitors like Hyperliquid remains to be seen. For traders, the richer contract options and incentives undoubtedly increase participation appeal, but the risks of high-leverage trading should always be approached with caution.