Solana’s perpetual futures trading has rebounded sharply, with daily volume reaching a 31-week high of $3.45 billion. The move follows a prior report that Solana reclaimed the No. 2 spot in daily perps volume for the first time in 48 weeks just 39 days after falling to No. 13, as volume rose from April lows of $189 million to more than $2.5 billion on May 11. The newer figure also shows Solana’s daily volume at 56% of Hyperliquid’s $6.1 billion, underscoring renewed activity in Solana-linked derivatives markets. Perpetual futures are commonly used for leveraged speculation and hedging.