In accordance with Bijié Wǎng, Solana’s perpetual futures trading volume reached a record $65 billion in October. Pacifica has become the leading perpetuals platform on Solana, capturing over 54% market share in November since entering the market in early September. Jupiter’s share dropped to 31%, while Drift’s fell below 14%. Despite leading in volume, Pacifica’s open interest ($50 million) remains significantly lower than Drift ($516 million) and Jupiter ($344 million), suggesting its growth is driven by incentive-based high-frequency trading. Meanwhile, total value locked in major protocols has declined, with Jupiter’s TVL falling 33.4% since mid-September to $892 million.
Solana Derivatives Market Volume Hits $65 Billion All-Time High in October
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