Solana Traders Shift to On-Chain Perps as HFDX Reports Faster Execution

Renewed volatility is pushing capital toward non-custodial venues with verifiable on-chain settlement.

Overview

Solana traded near $92 with a recent daily decline, yet derivatives volume increased and perp traders are favoring leverage over selling spot.
On-chain alerts flagged a 505,554 SOL transfer to Binance worth over $50 million, with subsequent flows reported moving into decentralized perpetual markets.
HFDX features cited in coverage include non-custodial settlement, shared liquidity pools, oracle-based pricing, and multi-chain access.
HFDX says it has processed more than 500,000 trades with sub‑2 millisecond execution, a platform-reported performance claim drawing active SOL traders.
Outlets frame the move as an early rotation toward verifiable on‑chain derivatives rather than a confirmed, lasting shift in market share.