GM Trade, the largest Solana perpetual venue we read, ended Oct 16 with its traders split almost down the middle. Across all its markets they held $96.3M of longs against $97.8M of shorts. The median hourly funding rate was -0.0002%, a tiny payment from shorts to longs.
Its book isn't only crypto. Two of the five largest single markets on the Solana board are currency pairs on GM Trade, AUD at $12.7M and USDCAD at $12.2M.
Jupiter Perps stands apart, with $70.6M of longs against $17.2M of shorts. Six venues carried $228.9M of open interest across 282 markets, with $1.60B traded over 24 hours. GM Trade held 42.4% of that open interest.
Its book isn't only crypto. Two of the five largest single markets on the Solana board are currency pairs on GM Trade, AUD at $12.7M and USDCAD at $12.2M.
Jupiter Perps stands apart, with $70.6M of longs against $17.2M of shorts. Six venues carried $228.9M of open interest across 282 markets, with $1.60B traded over 24 hours. GM Trade held 42.4% of that open interest.