LIGHT Surpasses SOL in Global Perpetual Futures Trading

• LIGHT trading volume jumps past Solana, showing growing interest in mid-tier altcoins among crypto traders.

• Bitcoin and Ethereum still lead global perps, but altcoins like LIGHT and Litecoin are gaining momentum.

• Traders diversify beyond top coins, with smaller tokens generating $12.2B, signaling broad market activity.

Crypto markets witnessed a notable surge over the weekend as LIGHT overtook Solana (SOL) in global perpetual futures volume. According to Laevitas, LIGHT recorded $3.52 billion in 24-hour trading, ranking just behind Bitcoin (BTC) and Ethereum (ETH).

Most of LIGHT’s activity came from major exchanges, with 55% on Binance and 31% on OKX. This surge reflects heightened trader interest in emerging tokens, as market participants search for high-volume, high-liquidity assets.

Bitcoin remains the dominant force in the market, capturing roughly $15.8 billion in perpetual futures volume. Ethereum closely follows at $13.0 billion. The high trading volumes of BTC and ETH indicate that traders continue to rely on these assets as central benchmarks.

Additionally, their deep liquidity makes them ideal for leveraged trading and hedging strategies. Moreover, ETH’s ongoing network developments and broad adoption in decentralized finance support sustained trading activity.

Altcoins Gain Momentum

Beyond Bitcoin and Ethereum, mid-tier altcoins are capturing traders’ attention. LIGHT now leads this group with $3.52 billion, surpassing Solana at $2.7 billion. Litecoin also shows notable activity with around $3.5 billion in volume. XRP and NIGHT maintain meaningful shares at $1.45 billion and $1.18 billion, respectively.

Consequently, traders are diversifying across these assets, seeking opportunities outside the top two. Additionally, smaller tokens collectively generate $12.2 billion, highlighting the market’s broad speculative interest.

Earlier reports from Laevitas indicated total perpetual volume remained low on Saturday. LIGHT still recorded $2.43 billion in 24-hour volume, ranking behind BTC, ETH, and SOL. Price action remained subdued, with BTC up 0.6% and ETH falling −0.04%. Liquidations were generally low, but LIGHT led with around $8.37 million, followed by ETH and BTC.