Perpetual Futures Markets are still expanding on Solana, making the chain an important hub for such transactions. Although volumes are still far from hyperliquid, they reflect the general demand for eternal futures trade.
Solana organizes a lively market for perpetual futures trade, which recently break new records for daily volumes. Based on Glassnode -data, perpetual futures open interest on the network is now above $ 7 billion, which reflects the growing market participation.
Perpetual Futures Dex Trading has expanded on the basis of SOL -Waps, because it is active above $ 200. The recent Marktrally was driven by the growing open interest and established new records.
Solana continues to perform better, with Perp Open interest rates climbs above $ 7 billion as the price goes beyond $ 200. Market participation is clearly growing.
Chartlink: https://t.co/y22U0vakmf pic.twitter.com/sv7pbryf8o
– Glassnode (@glassnode) September 9, 2025
The growing volumes coincide with an accelerated settlement on the chain for SOL. The active recovered more than $ 218, which caused a bullish prospect and stimulated possibly extensive trade volumes. SOL now enjoys a mix of centralized eternal futures activities and on Dex-based swaps.
The growth in Futures activities is done at a time when Sol -Soleniment refers to greed, based on the Solana Fear and Greed index.
SOL acts on Peak Open Interest
SOL Open Interest At all stock markets is also a peak of three years of $ 7.48 billion, with more than 61% in long positions and the rise of risky short positions. Increased lifting tree positions can also cause SOL -Volatility by attempts to liquidate traders.
From 9 September, short positions contain more than $ 25 million in liquidate shorts, because Sol -trade in riskier movements. The shift in short positions followed the outbreak above $ 200, because the market anticipates a drawing. On Hyperliquid, the biggest valvis position is briefly on Sol, with over $ 83 million In fictional value and a significant non -realized loss during the recent rally.
The other potential path to Sol is another Solana season, powered by a mix of memes, loans and other Defi activities. Closed value is now upstairs $ 12.24bAlso reaching new peaks of all time in recent weeks. Perpetual Futures Trading also received extra liquidity of $ 12.32 billion stablecoins on the Solana network.
Jupiter, Drift Drive Solana On-Chain Perpetual Dex
Solana On-Chain Futures are usually active on Jupiter and Drift protocol. From 25 August, Jupiter reached more than $ 25 billion in eternal futures -waps after months of growth. As a cryptopolitan earlier reportedAugustus was a record month for perpetual futures activity on Solana.
Jupiter Eternal Futures expanded in the past month and still shows a strong interest in derivative positions. | Source: Defi Lama
In general, Solana wears $ 1.10 billion in eternal futures transactions spread over several Defi protocols. Some protocols are still relatively small and compete for growth. Drift attempts to attract more traders and users with passive income stimuli.
In recent months, Solana Perpetual Futures volumes have been more than $ 41 billion, making it the third largest network that this type of decentralized activity has. On Hyperliquid, the volumes are more than $ 385 billion, although other chains make their movements.
For now, Solana has succeeded in surpassing Ethereum and BSC about the monthly futures volumes, in addition to established L2 chains such as Arbitrum and Basis. The perpetual futures DEX-Trend can continue in the coming months, because chains offer no-kyc access and growing liquidity without permission.
