Solana Futures Launch on CME with Modest Trading Volume
- Solana (SOL) futures debuted on the Chicago Mercantile Exchange (CME) with a $12.3 million notional daily volume.
- The launch concluded with $7.8 million in open interest.
- Bitcoin futures started with nearly $103 million in total value and $20.9 million in open interest in 2017.
- Ethereum futures recorded a $31 million notional daily value and $20 million in open interest at their launch in early 2022.
- K33 Research suggests SOL’s launch aligns more closely to BTC and ETH when adjusted for market capitalization.
Solana’s CME debut generated significantly lower trading volumes than Bitcoin and Ethereum but is comparable when adjusted for market cap, according to K33 Research. The SOL price recently stood at about $125, reflecting broader market conditions.
Source (2.6)https://decrypt.co/310549/solana-futures-start-quietly-on-cme-falls-short-of-bitcoin-and-ethereums-early-hype-k33?rand=52368
