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Solana Daily Perpetual Futures (crypto derivatives without expiry) Volume Hits Record $5.78 Billion

The source says Solana-linked perpetual futures (crypto derivatives without expiry) reached a new all-time high in daily trading volume on May 18.

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Summary

Solana-linked perpetual futures (crypto derivatives without expiry) recorded $5.78 billion in daily trading volume on May 18, according to the source. The reported figure marks a new all-time high for Solana daily perpetual futures activity. Perpetual futures are widely used in crypto markets for leveraged trading and short-term positioning, so rising volume can indicate stronger trader participation and liquidity, although volume alone does not show market direction.

Terms & Concepts
  • Perpetual futures: Crypto derivatives contracts with no expiration date, allowing traders to maintain positions continuously, often with leverage.
  • Trading volume: The total value of contracts traded over a set period; higher volume usually reflects heavier market activity and liquidity.
  • All-time high: The highest level ever recorded for a metric, such as price or derivatives volume.