🚨 A deep dive into @AdrenaProtocol's performance on @solana since its launch in September 2024: Since going live, Adrena has amassed a total trading volume surpassing $1.72 billion. This platform, which supports both spot and perpetual trading, has quickly become a significant player in the crypto trading scene on Solana. 💰 Trading Volume Breakdown: 🔸 $JITOSOL leads the pack, accounting for more than 72% of trading volume. 🔸 $USDC and $WBTC each capture about 11% of the trading volume, showing a balanced interest in stablecoins and major cryptocurrencies. 🔸 $BONK makes up 6%, with its trading volume share witnessing an upward trend since mid-December, hinting at growing community interest or speculative activity. 🛠️ Market Sentiment: An overwhelming 95% of the trading volume ($1.63 billion) has been in long positions, suggesting a highly bullish market sentiment among Adrena's users. However, there's a nuanced shift; the daily share of short positions has been increasing, which might indicate some traders are hedging or betting on a market correction. 📈 Trading Activity: Over the last 100 days, Adrena has seen more than 15,300 trades executed by 1,118 unique wallets. This activity peaked on November 12, when 174 wallets managed to execute 729 trades, highlighting a day of particularly high engagement. Currently on average, users are making about 2.25 trades each. ℹ️ For those interested, all this data and more can be tracked on our @flipsidecrypto dashboard, offering real-time insights into Adrena's performance. 👇