💥💥The increase to over $20 billion in weekly trading volumes on Solana-based perpetual futures.
🔥 DEXs represent an important event within the larger Solana DeFi ecosystem.
Platforms like GMTrade assist in driving this activity by providing faster execution speeds, lower fees and more on-chain liquidity.
🔥There are a number of contributors to this increase in volume:
The high throughput and low transaction costs of Solana make perpetual trading more efficient than other competing blockchains for this activity.
The rise in on-chain derivatives is driving traders away from centralized exchanges.
The improvement of the liquidity infrastructure and market-making tools has decreased slippage and allowed for better trading conditions.
🔥Institutional and professional traders are beginning to experience both decentralized perpetual markets.
🔥This milestone is also noteworthy as perpetual futures have now become one of the highest volume segments across the entire crypto marketplace.
🔥The growth of Solana-native DEXs for perpetual futures indicates that Solana is emerging as a stronger competitor to traditional derivatives trading ecosystems,
🔥If this level of continued activity remains stable, it could:
🔥Result in more fees being generated for Solana DeFi protocols.
🔥Draw in more liquidity providers and developers to the protocol.
🔥Build further strength for Solana as a top venue for decentralized trading .
