Solana-based perpetual futures platforms have surpassed $1.08 trillion in cumulative notional volume, reinforcing the network’s role as the second-largest perpetual trading ecosystem behind Hyperliquid. Jupiter Perps accounts for roughly 80% of Solana’s activity, while Drift Protocol offers hybrid order-book and AMM execution with leverage of up to 101x. The milestone follows rapid growth across onchain derivatives, including more than $20 billion in weekly Solana-based volume by May 2026 and average daily volumes of about $1.8 billion during peak periods in October 2025.