The Solana ecosystem has been active in recent weeks. AMM protocols are starting to enter the perpetual contract space, aiming to compete with existing derivatives platforms. Meanwhile, prediction market platforms like Kalshi are tokenizing, bringing new trading paradigms. L1 tokens such as XRP, MON, ZEC, etc., are gradually launching on platforms, enriching the trading pairs.

Notably, the participation of JP Morgan and other traditional financial institutions is increasing, injecting institutional-grade liquidity into the entire ecosystem. Competition among lending protocols is also intensifying, with each platform optimizing interest rates and risk control mechanisms.

The trend of ecosystem integration is very clear—one-stop trading platforms are now live and operational, allowing users to complete spot, derivatives, and prediction market trades in one place. This multi-functional aggregation model is gradually replacing projects with single functionalities. Solana has indeed taken the lead in this wave of upgrades.