| Exchange | Open Interest | 24h Change | 7d Change | Share |
|---|---|---|---|---|
| $1.02B | -3.6% | -6.9% | ||
| $669.4M | -1.3% | -16.8% | ||
| $663.9M | -4.5% | -26.4% | ||
| $584.0M | -2.3% | -3.1% | ||
| $480.7M | +0.8% | -0.3% | ||
| $376.4M | -0.5% | +20.1% | ||
| $319.9M | -2.4% | -13.2% | ||
| $230.9M | -2.5% | -22.6% | ||
| $216.9M | -1.4% | -3.2% | ||
| $51.1M | -2.1% | -5.1% | ||
| $22.6M | +2.1% | -20.2% | ||
| $13.8M | +11.9% | +12.5% | ||
| $7.2M | +3.7% | -10.8% | ||
| $3.2M | +0.0% | -52.1% |
Solana open interest is the total notional value of every outstanding SOL perpetual contract across the exchanges PerpDexWars tracks — a direct measure of how much leveraged capital is committed to Solana right now. SOL is higher-beta than BTC or ETH, so its open interest tends to swing harder as leverage piles in and unwinds. Rising OI means fresh positions are opening; falling OI means they are closing or being liquidated.
A large share of SOL perpetual volume sits on perp DEXes, so Solana is one of the assets where the PerpDEX share of open interest is most informative. A rising on-chain share shows leverage migrating to venues like Hyperliquid and Lighter, while heavy concentration on any single exchange is a fragility signal the per-exchange breakdown makes obvious.
The history chart auto-scales to the recent range so day-to-day shifts in total Solana OI stay visible even during fast moves. Green bars mark sessions where OI rose versus the prior reading, red where it fell — a quick read on whether SOL leverage has been building or unwinding over the selected window.
Solana open interest is the total USD notional value of all outstanding SOL perpetual futures contracts that have not been settled or closed. It measures how much capital is actively deployed in leveraged Solana positions across every exchange PerpDexWars tracks.
No single exchange shows the full picture, and SOL leverage is often more concentrated on newer perp DEXes than BTC or ETH. Comparing exchanges shows where Solana OI is building and whether it is dangerously concentrated on one venue.
Rising OI means new positions are opening — fresh money entering. Falling OI means positions are closing, by choice or liquidation. Because SOL is higher-beta, these swings are often larger and faster than for BTC or ETH, so OI direction is an especially useful read.
A large share of SOL perpetual trading happens on perp DEXes, so Solana's PerpDEX share of open interest is often higher than Bitcoin's or Ethereum's. Watching it shows how much SOL leverage sits on-chain versus centralized exchanges.
The aggregate and per-exchange figures refresh every 30 seconds from live exchange feeds. The 24h and 7d change figures are computed against database snapshots taken every 5 minutes, so they reflect a precise historical reference rather than a rolling estimate.