RT Little Anna (@lttlanna)why be toxic to competition when we can grow the space together? amazing initiative introduced by @pacifica_fi and supported by @extendedapp - a joint 10-day leaderboard where traders from both exchanges compete side-by-side. see your rank not only on Extended, but against traders from Pacifica.participants earn additional points distributed from the weekly pool.details on how to join below. ...

jupiter lost 30 percentage points of solana perp market share in 90 days. from 61% to 31%. pacifica took 54% of weekly volume in november. drift holds $516m open interest vs jupiter's $344m. first time since 2022 a competitor beat jupiter's daily aggregator volume. $20m jup unlocks november 28 into the worst sentiment readings since launch. dominance erosion this fast doesn't reverse. ...

Market Overview - Solana derivatives market reached a new all-time high of $65 billion in monthly trading volume in October [1] - The week of October 6 alone posted $179 billion, the highest ever recorded [1] Platform Performance - Pacifica experienced rapid growth, increasing to over 54% of weekly volume within two months [3] - Jupiter's weekly volume fell to 31%, and Drift Protocol dropped below 14% [3] - Drift leads in open interest with $516 million, followed by Jupiter at $344 million, while Pacifica has around $50 million [3] TVL Trends - Jupiter's TVL decreased from $134 billion to $892 million [4] - AdrenaProtocol is shifting to maintenance mode due to limited funding, with TVL dropping from $121 million to under $46 million [5]

Core Insights - In October, the total trading volume of perpetual decentralized exchanges (perp DEX) reached a record high of $1.2 trillion, doubling from the previous month, primarily driven by incentive programs and a large-scale liquidation event on October 10 [1] Group 1: Market Performance - Lighter, Aster, EdgeX, Pacifica, and ApeX all set monthly trading records, with Lighter's market share rising to 27%, becoming the market leader [1] - Hyperliquid's market share declined to 10%, down from 33%, indicating a significant contraction [1]

Market Ranking - Perpetual DEX sector is highly competitive with numerous builders [1] - Unofficial rankings of Perpetual DEX platforms by OI (Open Interest) are provided [1] - Hyperliquid ranks first in OI [1] - Lighter ranks second in OI [1] - Aster ranks third in OI [1] Platform List - The report lists 17 Perpetual DEX platforms based on OI [1] - The platforms include Hyperliquid, Lighter, Aster, edgeX, Jupiter, ostium, paradex, backpack, gmx, dydx, variational, pacifica, extended, reya, hibachi, vest, and gains network [1]

unofficial perp dex rankings:1. hyperliquid2. lighter3. aster4. edgeX5. jupiter6. ostium7. paradex8. backpack9. gmx10. dydx11. variational12. pacifica13. extended14. reya15. hibachi16. vest17. gains network ...

Found a fast-growing new perps DEX similar to Aster/Lighter, @pacifica_fiTeam from OpenAI, Jane Street, Binance, etc, and self-funded (no VC)Offchain CLOB matching with settlement, deposits, and withdrawals on SolanaSolid UX so far and growing fast with a points program ...