Solana Launches $1M Frontier Traders Competition to Take On Perps Market
- —Reward pool exceeds $1 million, with a Porsche 911 GT3 RS or $250,000 for the winner
- —Competition runs September 21 to November 7, with finals at Solana Breakpoint in London
- —Trading takes place via Phoenix Trade and Solflare, ranked by volume and P&L
- —Solana accounted for 8.4% ($34B) of September's $401.86B global perps volume
Why it matters: Solana is trying to capture perps market share from Hyperliquid ($171.7B in September) by incentivizing onchain derivatives trading through the competition.
Source: SolanaFloor