Solana-based perpetual futures platforms have collectively processed over $1.08 trillion in total notional trading volume, cementing the network as the second-largest onchain perpetuals ecosystem after Hyperliquid. Jupiter Perps dominates the segment with approximately 80% of the volume, while Drift Protocol operates as a hybrid platform offering leverage up to 101x. Average daily volume on Solana reached approximately $1.8 billion during peak months in October 2025, and weekly volumes surpassed $20 billion by May 2026. This activity generates significant fees for validators, token holders and protocol treasuries, creating sustained demand for SOL used to pay transaction fees.
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