Solana futures trading volume has indeed reached a new high recently
According to The Block data panel, Solana (SOL) saw a significant month-on-month increase in futures trading volume on the Chicago Mercantile Exchange (CME) in July, setting a new high since the product's launch. The total trading volume of SOL futures on CME surged from $2.3 billion in June to $8.1 billion in July, a month-on-month increase of 252%.
The record high in Solana futures trading volume may be due to the active participation of institutional investors. According to Glassnode, there was a time when SOL's CME futures trading volume reached 1.75 million contracts, setting a historical high, indicating that institutional investors are entering the market rapidly. Meanwhile, market intelligence firm Alva confirmed that open interest also surged to $1.19 billion, and this positive holding strategy, coupled with discussions around ETFs, suggests that traditional finance's recognition of the token is increasing.
In addition, the development of the Solana network itself may also be boosting its futures trading. By 2025, Solana's decentralized exchange (DEX) trading volume has surpassed $1 trillion, exceeding the total trading volume for all of 2024, and the actual network usage has significantly rebounded, which has re-engaged experienced traders in the Solana ecosystem and driven the growth of futures trading volume.
