[eUSS Only] SOL Perpetual Market
Billions dollars worth of open interests in SOL Perpetual Markets allow Setora Labs to scale our eUSS tokens.
Last updated
Billions dollars worth of open interests in SOL Perpetual Markets allow Setora Labs to scale our eUSS tokens.
Last updated
Notional open interest is the total dollar value locked in the number of unsettled derivative contracts within a derivative market. The higher a market's open interest is, the higher its liquidity is. As of May 2024, the notional open interest for aggregated SOL perpetual markets is worth . This substantial and fast-growing open interest of SOL perpetual allows eUSS protocol to easily enter/exit its perpetual contract hedging position without distorting the market. In the last three years alone, aggregated SOL perpetual contracts open interest has grown more than 30 times:
is among the biggest and most liquid exchanges for Solana derivatives. A typical daily open interest for Drift is approximately 400,000 SOL, or $70 million. As of May 2024, the cumulative volume traded on Drift reached $24 billion. This leaves ample room for eUSS to scale in its first stage before needing to branch out to other DEXs as outlined in Development Roadmap section.
