#Solana期货交易量创新高 📈 In July 2025, the trading volume of Solana (SOL) futures on the Chicago Mercantile Exchange (CME) reached **8.1 billion dollars**, soaring **252%** month-over-month, setting a record high since its launch in March. During the same period, the average open interest increased to **400.9 million dollars**, a growth of 203%.

💼 **Growth Drivers Analysis**:

1. **Enhanced Institutional Confidence**: The approval of Solana spot ETFs (such as Rex-Osprey) has propelled institutional positioning, especially in the price range of 140-157 dollars;

2. **Ecosystem Expansion**: The injection of the USDC stablecoin (increased by 11% to 12.2 billion dollars in a single month) and the increase in DEX trading volume (over 900 million dollars daily on average) have strengthened on-chain application scenarios;

3. **Shift in Derivative Demand**: Compared to the 1 billion dollars outflow from Solana ETFs during the same period, CME futures are favored by institutions due to their leverage flexibility and regulatory clarity.

🔍 **Horizontal Comparison**: Despite significant growth (SOL futures growth rate exceeds 23% for BTC and 82% for ETH), the scale of SOL futures still remains far below BTC (275.3 billion dollars) and ETH (118.1 billion dollars), reflecting that its ecosystem is in the early expansion stage.