On July $CFX , the trading volume of Solana (SOL) futures on the Chicago Mercantile Exchange (CME) reached $8.1 billion, a month-on-month increase of 252%, setting the highest record since the product was launched. The significant increase in CME futures trading volume indicates that institutional investors' confidence in the Solana ecosystem is growing, which could further drive the price of SOL and the growth of the entire ecosystem. Moreover, this also lays the groundwork for potential Solana spot ETF applications.

💬 Does the surge in Solana futures trading volume mean it is becoming the most favored cryptocurrency by institutions after Bitcoin and Ethereum? What does this mean for the future development of the Solana ecosystem?