Solana Foundation Says Buying the @perps X Handle Boosted Perps Activity

Vibhu, chief product officer at Solana Foundation, said acquiring the @perps account on X launched a campaign that increased Solana perpetuals (futures without expiry) mindshare, volume, and open interest overnight versus Hyperliquid.

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Summary

Vibhu, chief product officer at the Solana Foundation, said buying the @perps handle on X helped launch a modern marketing campaign for Solana perpetual futures (crypto derivatives without an expiry date). According to his statement, the move increased Solana perps mindshare, trading volume, and open interest overnight compared with Hyperliquid. The remark highlights how branding and social media positioning can quickly affect attention and activity in crypto derivatives markets.

Terms & Concepts
  • Perpetual futures: Crypto derivatives contracts with no expiry date, commonly used for leveraged trading.
  • Open interest: The total value of active, unsettled derivatives contracts in a market.
  • Mindshare: The amount of attention or visibility a crypto asset or product has among traders and investors.