Solana (layer-1 blockchain) Short Liquidations Near $60M as SOL Tops $140—Onchain (settled on blockchain) perps (perpetual futures) Outpace CEXs (centralized exchanges)

In the past 24 hours, $39M onchain (settled on blockchain) Solana-based perps (perpetual futures) were liquidated versus $19M on CEXs (centralized exchanges), while total SOL (Solana’s native token) short liquidations neared $60M.

SOL

97d ago

Summary

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Terms & Concepts

Perpetual futures: Crypto derivatives with no expiry, often used for leveraged trading.
Onchain liquidation: Forced position closure executed directly on a blockchain when collateral falls below margin requirements.
Centralized exchange (CEX): A custodied crypto trading platform run by a company, matching buyers and sellers off-chain.