Rocket Pool Surges 29% as Open Interest soars
Rocket Pool’s price has climbed 29% in the last 24 hours, breaking above $6. This surge comes as several altcoins, including Ethereum (ETH), have also risen.rocket Pool’s native token, RPL, has seen significant gains, extending its uptick from support below $5.
Notably, the liquid staking protocol’s success is backed by an 800% jump in daily trading volume. Coinglass data reveals a 150% increase in open interest for Rocket Pool. Open interest is a key metric used by analysts to gauge market sentiment. It reflects factors like liquidity and potential price movements.
The rise in RPL futures open interest shows traders’ confidence in the altcoin. Coinglass reports that Rocket Pool’s open interest reached over $22.5 million on June 3, 2025, up from under $9 million on May 31.
A recent advancement is Rocket Pool’s integration with Chainlink. This allows users to transfer the liquid staking token, rocket Pool ETH, between Ronin Network and Ethereum. According to defillama, Rocket Pool has over 690k staked ETH and more than $1.8 billion in total value locked.
RPL is now retesting price levels last seen in mid-May, with a breakout perhaps bringing the $10 level into view. The rally for ETH has also boosted related tokens like Aave, Lido DAO, and Arbitrum. Coinbase’s addition of RPL trading support in germany has further helped the price.
RPL reached a high of $12 on February 11, 2025. With new momentum, buyers may soon push the price above $6.
