Pacifica overtakes Jupiter to claim top spot in Solana perpetuals market
Pacifica has surged past Jupiter to become the leading perpetuals decentralized exchange on Solana, topping daily, weekly and monthly trading volume as of November 13, 2025. The shift reflects changing liquidity and flow patterns in Solana derivatives, with Pacifica now capturing the highest share of margin trading activity on-chain.
This ranking change matters because perpetuals volume is a key indicator of professional trader engagement and fee generation in DeFi. Market participants and token holders for projects like JUP, PERP and the broader SOL ecosystem will watch whether Pacifica can sustain its edge through orderbook depth, risk controls and incentives. Traders and builders should monitor liquidity trends and funding-rate behavior to assess whether this is a durable reshuffling or a temporary reallocation of capital.