Solana Perpetual Futures Volume Reaches $2.13 Billion in 24 Hours
The post says Solana perpetual futures (crypto derivatives without expiry) recorded their highest daily trading volume in seven weeks, led by GM Trade at $1.31 billion.
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Terms & Concepts
Perpetual futures: Crypto derivatives contracts without an expiration date, typically anchored to spot prices through a funding mechanism.
Trading volume: The total value of assets traded over a set period, often used to measure market activity and liquidity.
Solana: A blockchain network designed for high-speed transactions and decentralized applications.