Solana DEXs Surpass CEXs in $SOL Liquidations with $31.44M, 201.5%

Oct 3, 2024, 04:53 PM

Solana-based perpetual decentralized exchanges (DEXs) have recently outperformed centralized exchanges (CEXs) in terms of liquidation volumes for $SOL perpetual contracts. Over the past 24 hours, Solana DEXs processed $31.44 million in liquidations, significantly higher than the $15.60 million processed by CEXs, representing 201.5% of CEX liquidations. This marks a substantial increase from previous figures, where Solana DEXs handled $14.43 million compared to CEXs' $23.36 million, accounting for 61% of CEX liquidations. Additionally, HyperliquidX led all perpetual DEXs with the highest trading volume over the past three months, reaching $97 billion, which accounts for 30.8% of the market.