The post Pacifica outpaces Jupiter as largest perpetual DEX on Solana by trading volume appeared on BitcoinEthereumNews.com. Key Takeaways Pacifica is now the largest perpetual DEX by trading volume on Solana, outpacing Jupiter Exchange. Pacifica achieved over $600 million in 24-hour trading volume. Pacifica, a Solana-based perpetual DEX, has become the largest perpetual exchange on Solana by trading volume, surpassing Jupiter Exchange in the network’s growing derivatives market. The platform reported over $440 million in 24-hour trading volume, positioning it ahead of established players like Jupiter in the Solana perpetual DEX space. Pacifica has processed billions of dollars in total trading volume while still operating in closed beta. The exchange has attracted over 10,000 active traders in under three months of operation, with platform data showing a 50% increase in total volume within a week. This rapid adoption highlights the growing interest in Solana’s DeFi ecosystem for derivatives trading. Recent updates to Pacifica include raised deposit and withdrawal limits to $50,000 per day and new trading pairs like $XPL perpetuals with 10x leverage during its closed beta phase. The platform’s growth comes as Solana’s perpetual DEX market experiences rapid expansion. Source: https://cryptobriefing.com/pacifica-overtakes-jupiter-largest-perpetual-dex-solana/The post Pacifica outpaces Jupiter as largest perpetual DEX on Solana by trading volume appeared on BitcoinEthereumNews.com. Key Takeaways Pacifica is now the largest perpetual DEX by trading volume on Solana, outpacing Jupiter Exchange. Pacifica achieved over $600 million in 24-hour trading volume. Pacifica, a Solana-based perpetual DEX, has become the largest perpetual exchange on Solana by trading volume, surpassing Jupiter Exchange in the network’s growing derivatives market. The platform reported over $440 million in 24-hour trading volume, positioning it ahead of established players like Jupiter in the Solana perpetual DEX space. Pacifica has processed billions of dollars in total trading volume while still operating in closed beta. The exchange has attracted over 10,000 active traders in under three months of operation, with platform data showing a 50% increase in total volume within a week. This rapid adoption highlights the growing interest in Solana’s DeFi ecosystem for derivatives trading. Recent updates to Pacifica include raised deposit and withdrawal limits to $50,000 per day and new trading pairs like $XPL perpetuals with 10x leverage during its closed beta phase. The platform’s growth comes as Solana’s perpetual DEX market experiences rapid expansion. Source: https://cryptobriefing.com/pacifica-overtakes-jupiter-largest-perpetual-dex-solana/

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more