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Solana Perpetual DEX Weekly Trading Volume Hits $20 Billion Record, GMTrade Leads with $4.9B in 24 Hours

GateNews

Derivatives Data On-Chain Data

2026-05-20 07:53:57

SOL-0.9%

According to on-chain tracking data, the Solana ecosystem's perpetual futures market achieved a historic milestone during the week of May 18, 2026, with weekly trading volume surpassing $20 billion for the first time.

GMTrade, a decentralized perpetual contract platform on Solana, recorded $4.9 billion in trading volume within a single 24-hour window, capturing a significant share of the network's derivatives activity. The platform utilizes an isolated multi-pool architecture known as the Trader-to-LP model to manage risk across independent asset vaults.

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