Solana-based perpetual decentralized exchanges (DEXs) have achieved a new milestone, recording over $20 billion in trading volume over the past week. This surge was highlighted by a daily volume peak of $5.781 billion on May 18, with GMTrade contributing approximately $4.9 billion in the last 24 hours alone. Additionally, a notable public wager-style trade on the Solana perp protocol Phoenix has captured attention, involving Solana Foundation's Chief Product Officer Vibhu and Hyperliquid trader Drews888.