Solana overtakes Ethereum in perps trading

Description

Solana moved ahead of Ethereum for carrying perpetual futures trading. The network has been settling more SOL trades compared to centralized futures markets, showing increased demand for permissionless trading. Solana carried a higher volume of perpetual futures for the past 24 hours, moving ahead of Ethereum. Decentralized perpetual futures trading reached record levels, boosted by Hyperliquid. Solana’s share of perpetual futures trading grew since June, when the Phantom wallet allowed direct a...