Solana Perp Trading Volume Surges 65% Amid Declining Spot Market Activity
Key Highlights GMTrade dominated decentralized perpetual trading activity, generating roughly 77% of the tracking table’s weekly turnover despite broader downturns in spot DEX volume and stablecoin capitalization. Trading incentives, referral structures, and conditional treasury buybacks via GT points helped fuel user engagement, though the protocol’s tokens remain distinct from native GMX assets. As of November ...