The foundation said VIP activity tracked across Jupiter, Raydium, Phoenix Trade and Pumpfun accounts for more than 90% of Solana spot and perpetuals volume.
Solana Foundation has published the founding venue list for its Frontier Traders program, naming Jupiter Exchange, Raydium, Phoenix Trade and Pumpfun. The foundation said VIP activity tracked across those platforms represents more than 90% of Solana spot and perpetuals (futures contracts without expiry) volume, underscoring the program’s focus on the venues where most trading activity is concentrated.