Solana perpetual futures markets hit new record in August

Solana established its spot as a perpetual futures hub after volumes reached a new record in ￰0￱ itself has permanently shifted to on-chain settlement, surpassing perpetual futures on centralized ￰1￱ futures activity on Solana peaked in August, marking a new ￰2￱ rise was achieved by the activity of Drift Protocol, which is among the top 10 perpetual futures ￰3￱ trading volume on Solana-based perpetual futures DEX reached $43.88B in August, breaking the record from late 2024. Overall, perpetual futures DEX is one of the leading use cases for blockchains, with volumes reaching new records for all ￰4￱ sector is still led by Hyperliquid , but Solana is carving out a lively ￰5￱ a daily basis, Solana has also retained its leading position, getting ahead of Ethereum in terms of DEX ￰6￱ is currently leading with spot trading volumes for tokens, signaling another shift away from meme ￰7￱ now, spot DEX has reached over $113B in volumes, surpassing the perpetual futures ￰8￱ Solana perpetual DEX traders are active on one or two markets and have performed fewer than 10 ￰9￱ 22,000 traders have performed between 10 and 1,000 ￰10￱ current activity is organic, with a few special perks on perpetual futures ￰11￱ trading is also among the main ￰12￱ futures trading also gives liquidity to JLP and JUP, as well as other prominent Solana ecosystem ￰13￱ perpetual futures depend on Drift Protocol, Jupiter Solana overcame the April slump, which caused drawdowns in all types of trading ￰14￱ perpetual futures growth expanded alongside the SOL market price, which reached a peak not seen since ￰15￱ Protocol breaks new records in value locked, with over $1.3B in its trading ￰16￱ protocol achieved $16.02B in perpetual futures volumes, based on DeFiLlama ￰17￱ also relies on other DEXs, which launched perpetual ￰18￱ Drift Protocol, Jupiter and Raydium contribute to the perpetual futures volume on Solana. |