Solana gained almost 10% up to now 24 hours as upbeat sentiment drove cryptocurrencies larger—and as the altcoin’s futures volume on derivatives market the Chicago Mercantile Change (CME) rose to a brand new all-time high.
Per information shared by on-chain and monetary metrics platform Glassnode, Solana (SOL) CME Futures volume has hit 1.75 million contracts.
The milestone, reached up to now 24 hours, coincided with a notable reversal for the SOL token. Its price bounced off lows of $125 within the wake of the Center East battle to hit highs of $146. At its present worth, the altcoin is about 50% off its all-time high of $294 reached in January 2025.
SOL CME futures hit 1.75m contracts
CME futures volume for Solana hitting “the very best on document,” in accordance with Glassnode, alerts contemporary institutional investor curiosity within the altcoin. Buyers could also be positioning forward of a possible SOL price rebound.
The SOL token final traded above $150 on June 20,2025, with the following dump to lows of $125 coming amid the sell-off that additionally drove Bitcoin (BTC) to close $98k. However the benchmark digital asset has since bounced to above $105k, fueling gains across the crypto market.
Solana’s gains have reduce weekly losses for SOL price to beneath 1% as on the time of writing.
CME Group introduced the launch of SOL futures in March 2025, providing entry to micro-sized contracts and larger-sized contracts. Market individuals can select between the 25 SOL micro-sized contract or the bigger 500 SOL contract.
“With the launch of our new SOL futures contracts, we’re responding to rising shopper demand for a broader set of regulated merchandise to handle cryptocurrency price danger,” Giovanni Vicioso, CME Group’s international head of cryptocurrency merchandise, stated.
After a sluggish begin, with lower than 400k in volume in April and Might, the metric picked up and surpassed 1 million contracts this week. Analysts have opined that notable CME futures volume could possibly be a sign for demand for Solana exchange-traded funds. Just lately, specialists gave SOL spot ETFs a 95% chance of approval in 2025.
Coinglass information shows open curiosity in Solana has elevated to over $6 billion. In the meantime, derivatives volume has elevated by greater than 28% to $19.2 billion.
