GMTrade Becomes Solana’s Top Perpetual Futures DEX by 24-Hour Volume
The post says GMTrade, a Solana-based decentralized exchange for real-world asset trading, has led the network in 24-hour perpetual futures volume while open interest increased.
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Terms & Concepts
Perpetual futures: A crypto derivatives product with no expiry date, allowing traders to speculate on price movements using leveraged positions.
DEX: A decentralized exchange that lets users trade directly on blockchain networks without a traditional intermediary.
Open interest: The total number of outstanding derivatives contracts that remain active and have not been closed or settled.