The Pacifica platform, operating on the Solana blockchain and facilitating perpetual contracts, has reported active trading in on-chain gold (PAXG) and silver (XAU) contracts. Recent data shows these contracts rank sixth and eighth in trading volume on the platform, accounting for approximately 9.36% of total volume in the past 24 hours, equivalent to around $8.71 million. Open interest is also notable at about 7.13%, or nearly $5.03 million. Developed by Solana experts, Pacifica is an advanced decentralized exchange where users can trade contracts of precious metals on-chain. Contracts for metals like PAXG and XAG are gaining popularity among investors due to their reputation for preserving value in traditional financial markets. Monitoring indicates that large investors are trading substantial volumes and generally hold precious metal contracts in their portfolios, often resulting in profitable trades. Users benefit from the on-chain tracking tool Coinbob Pacifica (@CoinbobPAC_bot), which allows them to follow the activities of major traders, aiding potential profit opportunities and earning platform points useful for future airdrops. This development reflects the growing trend of decentralized finance (DeFi) and on-chain precious metal trading within the Solana ecosystem. The platform is expected to expand its offerings with additional precious metals and contracts, providing investors with more diversified investment opportunities.
Source: binance
