Solana-Based Perpetual Trading Platforms See $127 Million in Liquidations
In a period of high market volatility, liquidations on Solana-native platforms surpass those on centralized and other decentralized exchanges, totaling $127 million.
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Summary
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Terms & Concepts
Liquidations: The process of closing out a trader's position due to insufficient margin to maintain the trade.
Perpetual Trading: A type of derivative trading that allows positions to be held indefinitely without expiration.
Centralized Exchanges (CEXs): Trading platforms that facilitate transactions through a central authority, as opposed to decentralized exchanges.