Solana surges as CME Futures Volume Hits Record High
Solana (SOL) has seen a significant price increase of nearly 10% in the past 24 hours. This surge is linked to positive market sentiment and a new milestone in its futures trading volume on the Chicago Mercantile Exchange (CME).
According to Glassnode, a platform that tracks on-chain and financial metrics, Solana’s CME futures volume has reached 1.75 million contracts.This record-breaking volume coincides with a price rebound for SOL, which has climbed from $125 to $146.
At its current price, Solana is still about 50% below its all-time high of $294, reached in January 2025. The CME’s record-high futures volume suggests growing interest from institutional investors. They might potentially be preparing for a potential price recovery.
The SOL token last traded above $150 on June 20, 2025. Its subsequent drop to $125 was part of a broader market sell-off that also affected Bitcoin (BTC). However,Bitcoin has since recovered to above $105k,boosting the entire crypto market.
CME Group launched Solana futures in March 2025, offering both micro-sized and larger contracts. Giovanni Vicioso, CME Group’s global head of cryptocurrency products, said the launch was in response to client demand for regulated products.
Initially slow, the futures volume has now surpassed 1 million contracts. Analysts believe this could signal demand for Solana exchange-traded funds (ETFs). Coinglass data shows that open interest in Solana has risen to over $6 billion, with derivatives volume increasing by more than 28% to $19.2 billion.
Experts predict a 95% chance of SOL spot ETFs being approved in 2025, further boosting the altcoin’s prospects.
