Solana Handles Most Liquidations On-Chain During Weekend Slump

With activity 79% higher than on centralised exchanges, Solana ($SOL) demonstrated its strength over the weekend by managing the majority of liquidations on-chain. SOL dropped to $182.60, wiping out $20.9M on centralised platforms and $37.4M in on-chain positions. Another $29.7 million was liquidated on centralised markets on Monday. By demonstrating Solana’s capacity to sustain intricate financial operations even in the face of market volatility, the transition of derivatives trading to on-chain strengthens trust in the network’s resilience.