Solana Hits $43.88B in Perpetual DEX Volume for August

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Solana Hits $43.88B in Perpetual DEX Volume for August — Image source: Unblock Media

Solana sets an all-time high in decentralized perpetual futures trading.
Liquidity driven by protocol performance and substantial USDC inflows.

On August 29, 2025, Cryptopolitan reported that Solana’s decentralized perpetual futures markets achieved an unprecedented $43.88 billion in monthly trading volume. This milestone underscores a major leap in DeFi activity, further establishing Solana as a front-runner in the decentralized trading space.

For three consecutive days, decentralized exchange (DEX) activity on Solana outperformed other blockchain networks. According to Cryptopolitan, Solana’s on-chain settlement volumes for perpetual futures exceeded those of centralized exchanges, signifying a notable shift towards decentralized trading platforms.

Drift Protocol was instrumental in this surge, with its total value locked reaching $1.3 billion. The platform registered $16.02 billion in perpetual futures trading volume, cementing its status as a key player. Jupiter and Raydium also boosted Solana’s trading momentum, contributing to increased market engagement and participation.

Significant USDC inflows played a pivotal role in bolstering Solana’s liquidity and adoption. Circle facilitated a massive injection of 750 million USDC into Solana in a single day, and the network recorded $1.25 billion in stablecoin inflows over the past week. This solidified Solana as the leading network for USDC transfers, capturing 50% of all USDC transactions by users.

The record trading volume has positively influenced price trends for Solana (SOL), Jupiter (JUP), and Jupiter LP (JLP). Over the past week, SOL saw an 8.121% price increase and a 16.064% gain over 30 days, reflecting heightened investor interest. Similarly, JUP’s activity on Solana-based DEXs propelled its price upward.

As of August 29, 2025, 15:07 UTC, Solana (SOL) is trading at $208.494, reflecting a 3.078% drop in the past 24 hours, according to market data. USDC remains stable at $1, showing a minimal 0.033% change within the same period.