📊Solana Data Insights: @Solana Derivatives Market Hits a New All-Time High With $65B in Monthly Trading Volume Full breakdown by @ario_57_ 👇 • Solana perpetuals hit a record $65B in October trading volume, led by activity across Jupiter, Drift, and @pacifica_fi. The week of October 6 alone posted $17.9B, the highest ever recorded. • For most of the year, trading was dominated by Jupiter and Drift, but rising activity on Pacifica reshaped the competitive structure as volume accelerated across all platforms. • In early August, @JupiterExchange held 61% of weekly perp volume and Drift 36.6%, but both lost share by mid-November as market flow redistributed across protocols. • Within two months, weekly volume flipped sharply: Jupiter fell to 31%, @DriftProtocol dropped below 14%, while Pacifica grew past 54%, marking one of the fastest shifts seen in Solana’s derivatives sector. • Open interest showed a different profile. Drift leads with $516M OI, followed by Jupiter at $344M, while Pacifica sits around $50M, indicating short-term or incentive-driven trading on newer platforms. • The gap between Pacifica’s high volume and low open interest highlights frequent turnover, automated strategies, and airdrop-driven activity, unlike the deeper positioning seen on Jupiter and Drift. • TVL trends diverged from volume: Jupiter’s TVL fell from $1.34B to $892M, Pacifica stabilized above $40M, and Drift maintained deeper capital, suggesting collateral rotation rather than long-term deposits. • @AdrenaProtocol announced a shift to maintenance mode due to limited funding. Its TVL dropped from $12.1M to under $4.6M, with both liquidity and trader activity continuing to fall across the platform. Subscribe for the full breakdown👇