According to DeFiLlama data, Solana Perp DEX's trading volume exceeded $20 billion in the past week, setting a new record; on May 18th, the single-day trading volume reached $5.78B, also a new high, with GMTrade accounting for the majority of the trading volume, reaching $4.9 billion in the past 24 hours. Notably, Vibhu, Chief Product Officer of the Solana Foundation, and professional trader Drews888 from Hyperliquid recently publicly engaged in a betting trade on the Solana perpetual protocol Phoenix, attracting a lot of attention.

SOL-1.24%
PHB-16.59%
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