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Morning Edition · Wednesday, November 11, 2026Published at 12:35 AM EST · New York
Solana Perpetual Futures Volume Jumps 65% as Spot Trading Shrinks and South Korean Exchanges List HYPE
One venue handles about 77% of weekly Solana perpetual turnover, Binance adds HYPE and TRX contracts settled in USDC, and the Lighter perpetuals exchange is among the few layer-2 networks gaining value.
Perpetual futures volume on Solana rose 65% while spot trading on the network declined, CryptoSlate reported. A single venue accounts for about 77% of weekly turnover in DeFiLlama's Solana table. The increase came as the market value of sta…
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Derivatives Set Crypto Price Discovery
Leveraged perpetual futures keep displacing spot trading as the place where crypto prices form, which raises liquidation-driven volatility and pushes on-chain venues to compete on ordering rules that protect market makers.
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