Perpetual futures DEXs gain traction as Solana meme volumes fade

Activity on the major chains is shifting, and Solana meme trenches are cooling down ￰0￱ volumes and speculation are now targeting all available perpetual futures ￰1￱ activity is shifting, as meme trenches are cooling ￰2￱ the Solana summer with peak ￰3￱ activity and renewed content, the next hottest venue are perpetual futures ￰4￱ newly emerged competitors to Hyperliquid can be found on all networks, inviting even smaller traders for high-risk ￰5￱ is still the main venue for tokens and new launches, though the interest is now in trading, rather than discovering new hot ￰6￱ Cryptopolitan reported earlier, interest in new perpetual DEX launches picked up following Aster’s launch with the help of Yzi ￰7￱ data shows active wallets on launchpads are under 100K, with fewer than 10K creator ￰8￱ platforms have also produced fewer than 100 graduated ￰9￱ meme graduations slow down On Pump.

swap, most of the graduated tokens are also launching with a low market cap of under $10M, while previously a $100M valuation was easy for new meme ￰10￱ observers on social media noted last Monday was the worst day for meme launchpads for the past six months, surpassing even the slowdown in June and ￰11￱ activity slowed down, as fewer meme tokens graduated, and most only achieved relatively low valuations. |) benefitted from the shift to perpetual DEX ￰12￱ chain produced $1.15M in daily fees, the highest level since ￰13￱ produced $1.05M in daily fees, down by around 30% in the past week. Currently, BSC has a stronger upward trend for fee production, based on growing engagement with PancakeSwap.

A return to DEX trading, DeFi and perpetual futures may cost Solana its leading spot. Currently, Jupiter and Drift Protocol aim to replace the meme ￰14￱ is well-supplied with USDC liquidity, but the success of perpetual futures DEX may depend on the behavior of whales, who are yet to pick the best platforms. Additionally, Hyperliquid still has the first-mover advantage, despite the short-term rush to ￰15￱ $50 free to trade crypto when you sign up to Bybit now