Longs hold 85.1% of open bets on Jupiter Perps, the Solana based perps venue. That's $80.4M betting on a rise against $14.1M betting on a fall across $SOL , $ETH and $BTC, on a day when Solana lost 3.49% to $83.29 and Bitcoin slipped 1.54% to $73.8K.
The tight spot is on the short side. Short utilisation, the share of pool liquidity already lent out to those positions, reads 70.02% in all three markets. Solana longs use just 12.15%.
The JLP pool, which takes the other side of every trade, holds $751.8M and pays 10.78% a year.
The tight spot is on the short side. Short utilisation, the share of pool liquidity already lent out to those positions, reads 70.02% in all three markets. Solana longs use just 12.15%.
The JLP pool, which takes the other side of every trade, holds $751.8M and pays 10.78% a year.
