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Decentralized Exchanges

The Perpetual SOL Rise

Dustin Teander

Nov 11, 2021 ⋅  12 min read

Decentralized perpetual one Solana was one of the original growth narratives for the ecosystem given its fast, cheap execution. So, what’s the traction been like so far? With 0.8% volume share, the magnitude of the impact is not quite there. However, which ecosystem is the fastest growing in the sector? Solana. Solana has two main protocols offering perpetuals to traders - Mango Markets and Drift Protocol. Mango is by far the largest protocol of the two and is driving the majority of the volume. After recently launching new Solana DeFi token perpetual markets, the entire ecosystem has seen an uplift in volume metrics. What future growth catalysts are on the horizon and how much is this growth assumed in the token valuations?

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Dustin Teander

54 ReportsSaypien_

Dustin was previously the Enterprise research director at Messari. He has a broad focus across crypto with a particular interest in AI x Crypto, Consumer financialization, DeFi, and general infrastructure.

Mentioned in this report

About the author

Dustin Teander

Dustin was previously the Enterprise research director at Messari. He has a broad focus across crypto with a particular interest in AI x Crypto, Consumer financialization, DeFi, and general infrastructure.

54 ReportsSaypien_

Mentioned in this report