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Solana CME futures July volume and open contracts surged more than three times, reaching a new high since March.
Odaily News Solana CME futures trading volume in July reached $8.1 billion, a month-on-month rise of 252%; the average open contracts reached $400 million, rising over 200%, setting a new high since its launch in March. Analysts say that the progress of ETF applications and the launch of the REX-Osprey SOL ETF with staking yields are driving market demand upwards. CME previously launched two contracts of 25 SOL and 500 SOL in March, as a potential prelude to the SOL spot ETF. (The Block)