Mercados de futuros perpétuos esquentam na Solana enquanto atividade segue tendência Hyperliquid
SOLANA DISPARA COM NOVA CORRIDA DE FUTUROS
A rede enfrenta agora sua maior prova de estresse desde o pico de 2021—e os traders estão adorando cada segundo de volatilidade.
O QUE ESTÁ ACONTECENDO NOS DERIVATIVOS
Plataformas de trading seguem o fluxo da Hyperliquid, com volumes batendo recordes consecutivos enquanto alavancagens absurdas voltam à moda. A TVL da Solana subiu 40% em duas semanas—ninguém pergunta de onde vem a liquidez, contanto que os retornos continuem.
OS NÚMEROS QUE IMPORTAM
Volume aberto em contratos perpétuos atingiu novo ATH, superando marcas anteriores em 65%. Taxas de funding oscilam violentamente—sinal claro de que especuladores dominam o mercado mais uma vez.
O VERDADEiro TESTE DE INFRAESTRUTURA
Validadores operam no limite enquanto taxas de transação disparam. A rede segura—por enquanto—mas qualquer oscilação maior pode testar fundamentos que ainda carregam cicatrizes de 2022.
O que sobe rápido… conhece bem o caminho de volta. Traders de cripto parecem ter memória seletiva—especialmente quando há alavancagem de 100x disponível.
SOL trades on peak open interest
SOL open interest on all exchanges is also at a three-year peak of $7.48B, with over 61% in long positions and the emergence of riskier short positions. Increased leveraged positions can also cause SOL volatility, by attempts to liquidate traders.
As of September 9, short positions hold over $25M in liquidatable shorts, as SOL trading draws in riskier moves. The shift in short positions followed the breakout above $200, as the market anticipates a drawdown. On Hyperliquid, the biggest single whale position is short on SOL, with over $83M in notional value and a signifirant unrealized loss during the recent rally.
The other potential path to SOL is another Solana season, driven by a mix of memes, lending, and other DeFi activities. Value locked is now above $12.24B, also reaching new all-time peaks in the past few weeks. Perpetual futures trading also gained additional liquidity from $12.32B of stablecoins on the Solana network.
Jupiter, Drift drive Solana on-chain perpetual DEX
Solana on-chain futures are mostly active on Jupiter and Drift Protocol. As of August 25, Jupiter reached over $25B in perpetual futures swaps after months of growth. As Cryptopolitan previously reported, August was a record month for perpetual futures activity on Solana.
Jupiter perpetual futures expanded in the past month, still showing strong interest in derivative positions. | Source: DeFi Llama
Overall, Solana carries $1.10B in perpetual futures trades, spread across multiple DeFi protocols. Some of the protocols are still relatively small and are competing for growth. Drift attempts to draw in more traders and users with passive income incentives.
In the past months, Solana perpetual futures volumes are over $41B, making it the third-largest network carrying this type of decentralized activity. On Hyperliquid, the volumes are at over $385B, though other chains are making their moves.
For now, Solana has managed to surpass Ethereum and BSC on the monthly futures volumes, in addition to established L2 chains like Arbitrum and Base. The perpetual futures DEX trend may continue in the coming months, as permissionless chains offer no-KYC access and growing liquidity.
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