In July, the trading volume and open interest of Solana futures on CME both rose by more than two times compared to the previous month.

PANews August 1 news, according to The Block data panel, in July, the Solana (SOL) futures trading volume and open interest at the Chicago Mercantile Exchange (CME) both rose more than twofold compared to the previous month, setting a new high since the product was launched. The total trading volume of CME SOL futures surged by 252%, increasing from $2.3 billion in June to $8.1 billion in July, while the average monthly open interest rose by 203%, from $132.3 million to $400.9 million. Nevertheless, the Solana futures data still lags far behind CME's Bitcoin and Ethereum futures products. In July, the total trading volume of CME Bitcoin futures rose by 23%, reaching $275.3 billion, while the average monthly open interest increased by 8.5% to $17.8 billion. During the same period, the total trading volume of CME Ethereum futures surged by 82%, reaching $118.1 billion, and the average monthly open interest rose by 75% to $5.2 billion.