Imagine a crypto trader on Solana who wants to long a token with a 50x leverage. He has two options: either go in the direction of a centralised exchange and deal with hassles like account creation requirements, KYC submissions and updating other personal information, or go the decentralised route.
With centralised exchanges suffering from slippages and front-running, pretty soon, decentralised exchanges like Adrena (ADX) become infinitely enticing.
With Adrena, an investor can connect his wallet, open a position directly from the dApp and execute trades with zero slippage. Neat, isn’t it?
Adrena is a decentralised perpetual trading platform built on
Solana
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4.07% /24h
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$1.99B
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. It is designed to offer high-leverage trading and full revenue redistribution to its users. It operates on a peer-to-pool model, allowing traders to open leveraged positions by borrowing margin from a shared liquidity pool.
This model ensures fast execution with zero price impact, making it ideal for high-frequency and leveraged strategies.
(Source: Coinbase)
What sets Adrena apart is its commitment to fairness. 100% of the platform’s revenue is redistributed, with 70% going to liquidity providers via the $ALP token and 20% to governance participants via the Adrena ADX token and finally 10% to treasury.
Moreover, the platform is fully permissionless and open-sourced, with smart contracts audited by Ottersec and a bug bounty program hosted on Immunfi. The platform is built for composability, allowing developers to integrate Adrena into other Solana protocols.
Meanwhile, governance is handled through the Adrena DAO, where each $ADX token equals one vote and emissions are structured to gradually shift control from the founding team to the community.
No gimmicks, no point systems and no hidden incentives. Just predictable and transparent rewards for those who contribute to the platform’s growth.
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Adrena ADX Rallied 130% In September. Here’s The Breakdown
Throughout September, Adrena (ADX) saw a sharp uptick in market activity with its price action rallying more than 130%. ADX’s price rose from $0.0209 on September 11 to $0.0355 by September 29, with trading volume jumping during the rally and hitting over $114,000 on September 25.
The price action can be broken into three phases.
Early Month Consolidation (September 1-13)
Between September 1 and 13, ADX stayed mostly flat, starting the month near $0.022 and slipping slightly to a low of $0.0209 on September 11 as the broader crypto market faced turbulence.
The price moved within a narrow range of $0.0209 to $0.0236, with daily trading volume resting between $20,000 and $60,000, suggesting a quiet accumulation.
(Source: CoinGecko)
Mid-Month Build-Up (Sep 14–24)
ADX began rising steadily, moving from $0.0214 to $0.0306 by September 23, marking a 43% increase. It broke past the $0.025 resistance on September 18, showing growing strength.
The price kept making higher lows, with $0.0260 acting as a strong support level on September 19. Trading volume increased to between $40,000 and $60,000, and technical indicators like MACD turned positive, pointing to a shift in momentum.
Adrena spotted
Perp DEX volume is only trending up, the drivers are clear
Strong product, right meta, built on Solana
Mechanics are performing well on top of Solana’s new DeFi primitives
This positions $ALP and $ADX as standout plays in the evolving perps landscape… https://t.co/pLJVgXXeO8
— ⚡Esteban (@m_demerlin) September 26, 2025
Late-Month Rally and Pullback (Sep 25–30)
From September 25 to 30, ADX saw its biggest jump of the month. The price shot up 30%, rising from $0.0273 to a high of $0.0355 by September 29.
Trading volume spiked above $80,000, with ADX briefly touching the $0.036 mark before pulling back 16% in a single day, ending the month at $0.0296.
This final stretch accounted for most of ADX’s monthly gains, making September a standout month for its investors.
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Reasons Behind Adrena ADX September Rally
ADX’s late September rally was driven by a mix of project updates and favourable market conditions across the Solana ecosystem. As
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climbed towards $115k and Solana’s DeFi activity surged, especially with stablecoin supply hitting a record $13.44Bn, ADX perp gained momentum.
On September 25, Adrena celebrated its first anniversary with a $50,000 trading raffle, doubling daily volume and attracting new traders. The next day, a teaser promising “4 things coming soon” sparked speculation about upcoming features, adding to the excitement.
1 YEAR OF ADRENA 💉
We are happy to kickstart a new trading event to celebrate it!
3 ways to earn:
🎟️ 0.01 Mutagen = 1 raffle ticket, stack more to win big
👾 Rewards for special quest
🧑🎨 Creator rewards for Adrena 1Y content$50,000 prize pool in $ADX up for grabs! 🎉 pic.twitter.com/9xqnrxwM4H
— Adrena (@AdrenaProtocol) September 25, 2025
Then, on September 27, the community launched a 12-month $1 million liquidity mining program on Meteora pools, offering up to 43% APR for stakers. This tied directly into ADX’s revenue-sharing model, boosting its appeal as a yield-generating asset.
DAO Proposal:
Launch a 12-month Liquidity Mining (LM) program for $ADX on @MeteoraAG’s DLMM pools, including $ADX/$USDC and $ADX/$SOL.
•Target TVL: $1M (aggregate)
•Rewards Structure: Token incentives will dynamically adjust based on the $ADX price at launch to maintain… pic.twitter.com/U6wjwBM3Ts— Adrena (@AdrenaProtocol) September 27, 2025
By September 29, a new report revealed that only 9.4% of ADX tokens were truly liquid, with over 76% staked and mostly locked for 540 days. This low float triggered fear of missing out (FOMO), as investors saw ADX as undervalued, especially with staking rewards running through October 2026.
One Year of $ADX Overview 💉
• Circulating Supply: 40%
• ADX Staked: 76.5% of circulating, leaving a true liquid supply of 9.4% 👀
• Staking Rewards: Up to 43% APR fueled by 20% fees share + LM rewardsLow liquid supply, real governance, and real rev share, powering $ADX to… pic.twitter.com/uOeJsmj7zw
— Adrena (@AdrenaProtocol) September 29, 2025
All of this happened while ADX ranked among the top gainers on Solana, rising 44.8% in the final week of the month. With Bitcoin closing green and rate cut optimism lifting risk assets, ADX rode the wave of ecosystem momentum to deliver one of its strongest performances to date.
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PepeNode’s 848% Staking Rewards Attract Buyers, Presale Crosses $1.5M
Imagine mining crypto without noisy rigs or crazy electricity bills, with nothing but a browser, a few clicks and a meme-fueled dashboard. That’s the pitch behind PepeNode.
With PepeNode, users can join a virtual game where they build digital server rooms, combining mining nodes and earn rewards in PEPENODE and other popular meme tokens like Pepe (PEPE) and Fartcoin (FARTCOIN).
The project has already raised over $1.5 Mn in presales. Early buyers are already putting their tokens to work, as anyone who joins the presale can immediately stake their PEPENODE tokens in PepeNode’s native protocol.
However, the current presale rate of $0.0010831 is only available for the next 9 hours. After that, the price will increase in the next round.
So, who wants to be a part of crypto’s most talked-about virtual mining project? You can grab PEPENODE tokens directly from the official site using ETH, BNB, USDT (ERC-20 or BEP-20) or pay with a credit or debit card.
Purchases are easy to manage with Best Wallet, which also features PepeNode on its Upcoming Tokens tracker. That means you can buy, monitor, and claim your tokens once the project goes live, all in one place.
Moreover, you can stake your PEPENODE tokens through the platform’s native protocol and tap into a dynamic 848% APY.
Finally, to stay in the loop, follow PepeNode on X and Telegram.
Visit PepeNode PRESALE HereKey Takeaways
- ADX surged 130% in September, driven by DAO incentives, low token float, and Solana ecosystem momentum
- Only 9.4% of ADX tokens are liquid, creating scarcity and driving investor FOMO
- Between September 25 and 30, ADX recorded its strongest rally of the month, climbing 30% from $0.0273 to $0.0355
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